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LUKOY.PK

Lukoil Co Spons Adr

6/18/2013, 11:37 PM ET

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Friday, November 9, 2012, 8:21 AM Lukoil says it will consider an offer from Exxon Mobil (XOM) to take over the West Qurna-1 oilfield in Iraq. Lukoil already is developing West Qurna-2 and is looking to offset declining production at its Russian fields. The government expects XOM to complete the sale of its shares in West Qurna-1 by year-end, and the company has told Iraq it is already in talks with other oil majors. Comment! [Energy, M&A, Global & FX]
Friday, November 9, 2012, 6:16 AM Exxon Mobil (XOM) is in talks with BP (BP), Shell (RDS.A), Lukoil, CNPC and Eni (E) about selling its stake in the West Qurna-1 oilfield in southern Iraq, a senior government spokesman says. Exxon expects to complete a sale of the "super-giant oilfield" by the end of December. It's getting out so it can concentrate on exploration projects in Kurdistan, which is in a dispute with Baghdad over the region's energy resources. Comment! [Energy, M&A, Top Stories]
Friday, March 2, 2012, 1:14 PM Lukoil (LUKOY.PK) walks away from a plan to make a $1.8B shale acquisition in the U.S. as sliding natural gas prices destroyed the economics of a deal. "We examined this project in detail and had to suspend its development on valuation," says CEO Leonid Fedun. Comment! [Global & FX, Energy, M&A]