Monday, December 18, 2017
Redactor's Choice
You are here: Home / Tag: LUKOIL

Tag: LUKOIL

LUKOIL PRESENTS ENVIRONMENTAL PROJECTS

general-info

Putting special emphasis on environmental protection at its offshore projects, LUKOIL pursues the zero emission principle when operating offshore platforms, ensures satellite observations, mitigates the risks of pipeline failures and advances the utilization of associated petroleum gas. Thus, the overall efficient utilization of associated gas rose from 77% to 92% across LUKOIL Group in the past five years. As of the first half of 2017, this index exceeded 94%. The company's integrated environmental protection system also includes a package ... Read More »

LUKOIL REPORTS PRELIMINARY OPERATING DATA FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2017

lukoil-logo

Hydrocarbon production, thousand boe per day 2Q 2017 1Q 2017 6M 2017 6M 2016 2,222 2,213 Total (excluding West Qurna-2 project) 2,217 2,185   LUKOIL Group's crude oil production in the second quarter of 2017 amounted to 21.8 million tonnes. The quarter-on-quarter decline was due to the temporary external limitations of Russian companies' production volumes. For the first six months of 2017 oil production was 43.6 million tonnes. The year-on-year dynamics was mainly driven by the reduction in compensation crud... Read More »

LUKOIL APPLIES NEW TECHNIQUE OF GEOPHYSICAL SURVEYING IN TIMAN-PECHORA

lukoil_logo_eng1

LUKOIL has successfully completed a 3D seismic survey at Mishvan area in the Nenets Autonomous District. The company used a survey procedure which had never been used in Timan-Pechora Oil and Gas Province before.   The technology combines several methods for surveying upper sections of the field structure: electric prospecting, up-hole shooting, electric logging and field core description. The relevance of the new technique was preconditioned by the challenging seismic environment of the field, distinct in insular permafrost, which h... Read More »

LUKOIL COMPLETES WELL SIX AND BEGINS DRILLING WELL SEVEN AT FILANOVSKY FIELD

lukoil-logo

At the same time, the company is mounting the topside of the accommodation block on the substructure as part of V. Filanovsky field Phase 2 development plan. The topside of the fixed offshore ice-resistant platform was installed earlier, in April.   It is expected that the Phase 2 construction and assembly operations will have been completed by the end of 2017. The average daily production exceeded 14 thousand tonnes of oil, as in June of 2017.   ... Read More »

LUKOIL ENDORSES WORLD BANK INITIATIVE ON ZERO FLARING OF ASSOCIATED PETROLEUM GAS BY 2030

Lukoil

In his letter to the heads of the World Bank and of the European Bank for Reconstruction and Development, LUKOIL President Vagit Alekperov wrote that the company’s strategic objectives were clearly in line with the principles proclaimed in the initiative, while the commitments and targets therein had the company’s full support.   “In its activities, LUKOIL is strongly committed to the principles of sustainable development, aiming to ensure a good balance between socio-economic and environmental development. In the last 12 years, LUKO... Read More »

CONSTRUCTION OF SOLAR POWER STATION BEGINS AT REFINERY IN VOLGOGRAD

lukoil-logo

Construction and assembly, to be completed in September, will be followed by startup and adjustment. The commissioning is slated for the first quarter of 2018.   The power station will be placed in LUKOIL’s management by the builder after a qualification procedure is held and compliance is confirmed with requirements as regards the local content of Russian-manufactured equipment. This is a prerequisite for support to be received from the state as is provided for by the Capacity Supply Agreement (CSA) for renewable energy sources at R... Read More »

LUKOIL SIGNS COOPERATION AGREEMENT WITH INTERNATIONAL LABOR ORGANIZATION

Lukoil

The document provides for cooperation in the area of youth employment in the Russian Federation, Azerbaijan, Kazakhstan and Uzbekistan. The accomplishment of the project is commissioned to the ILO Moscow office, responsible for 9 other CIS countries besides Russia (Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Republic of Kirghizia, Tajikistan, Turkmenistan and Uzbekistan). In Russia, the project is realized in 6 regions: those of Astrakhan and Kaliningrad, in Perm Territory, the Khanty-Mansiisk Autonomous Area, the Republics of Kalmykia a... Read More »

PRESIDENT OF LUKOIL AND GOVERNOR OF NENETS AUTONOMOUS DISTRICT DISCUSS PROSPECTS FOR COOPERATION

lukoil_logo_eng1

In 2016, under the Social Partnership Agreement, LUKOIL financed the 3rd Arctic Music Festival "Days of Classical Music in the Arctic" and construction of the first skate park in Naryan-Mar, capital of the District. The implementation of the Krasnyi Choum project continued with an aim to improve access to health care services for indigenous ethnic minorities of the North and population of remote areas of the District. LUKOIL has also paid admission and membership fees for professionals from the Nenets Autonomous District to participate in World... Read More »

LUKOIL BOARD OF DIRECTORS RESOLVES ON ANNUAL GENERAL SHAREHOLDERS MEETING AND RECOMMENDS 2016 DIVIDENDS DISTRIBUTION

lukoil-logo

The Annual General Shareholders Meeting was recommended to approve 2016 dividend distribution in the amount of RUB 120 per ordinary share (excluding the interim dividends paid for the first nine months of 2016 in the amount of RUB 75 per share). Considering the previously paid interim dividends, total dividends for 2016 amount to RUB 195 per share, a 10.2% increase compared to the previous year dividends of RUB 177 per share. The dividend record date is proposed to be July 10, 2017. The list of persons entitled to participate in the Annual Gene... Read More »

LUKOIL RELEASES YEAR OF ECOLOGY BOOKLET

2300

The booklet also highlights LUKOIL’s achievements and objectives associated with lower emissions of greenhouse gases, better energy efficiency, reduced process losses, new technologies for production of lubricants and fuels, broader use of renewable energy and care for biodiversity.   The online version of the booklet is available on LUKOIL’s website in Russian and English. Printed copies will be distributed at oil and gas forums and exhibitions throughout 2017.   As President of LUKOIL Vagit Alekperov says in his address ... Read More »

Scroll To Top