ConocoPhillips takes 7.6% stake in Russia&#39;s Lukoil
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NEW YORK (CBS.MW) -- US stock futures are pointing to a mixed open Wednesday as the positive impact of a report showing stronger-than-expected second-quarter growth in the US economy was offset by concern oil could surge above $50 a barrel on inventory
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US oil giant ConocoPhillips yesterday paid nearly $2 billion for a 7.6 percent stake in Russia's Lukoil -- the world's number two oil company by reserves -- in Russia's biggest privatization.
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Reuters reported Thursday that Russian officials confirmed that Houston-based oil giant ConocoPhillips is interested in taking a $2 billion stake in Russian oil major LUKOIL.
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Russian officials handling the sale of a stake in oil giant Lukoil have set a opening price of $1.9bn (Â£1bn) for 7.6% of the company.
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US oil major ConocoPhillips is seeking to buy up to 25 percent in oil giant LUKoil to add billions of barrels of reserves to its books, an industry source familiar with the matter said Friday.
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MOSCOW Gazprom, the leading Russian gas company, said Tuesday that it would buy one of the country&#39;s largest oil producers, a move that forms a state-controlled energy juggernaut and signals the first step toward ending a ban on foreign ownership of
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ConocoPhillips (COP:NYSE - news - research) will seek to buy up to a quarter of Russian oil giant Lukoil, Reuters reported Friday, citing an industry source familiar with the matter.
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ConocoPhillips, the third-largest US oil company by sales, is set to pay at least $1.9 billion for the Russian government&#39;s remaining stake in OAO Lukoil, the nation&#39;s largest oil producer.
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Yukos is in the process of selling a 56-percent stake in a Siberian natural gas company to the Anglo-Russian joint venture TNK-BP in a bid to pay off its crushing tax bill, Western oil sources and media reports revealed.
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ConocoPhillips paid nearly $2 billion at auction for the Russian government's stake in Lukoil, a purchase that could allow Conoco to become the first Western company to return to Iraq's oil fields.
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British energy group BP said on Friday that it had agreed to sell its stakes in a Siberian gas field and company to Russian gas giant Gazprom for up to 900 million dollars (669 million euros).
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US oil giant ConocoPhillips yesterday paid nearly $2 billion for a 7.6 percent stake in Russia&#39;s Lukoil -- the world&#39;s number two oil company by reserves -- in Russia&#39;s biggest privatization.
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When the Russian government&#39;s 7.6 percent stake in Lukoil - the world&#39;s No. 2 oil company by reserves - is auctioned Wednesday in the nation&#39;s biggest privatization, industry watchers aren&#39;t expecting any surprises.
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Houston-based oil company ConocoPhillips and Russia&#39;s largest oil producer, Lukoil, jointly announced Wednesday in Moscow that ConocoPhillips will become a strategic equity investor in Lukoil.
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Gazprom and U.S. energy company ConocoPhillips Co. have signed a memorandum of understanding on the development of a large Barents Sea gas field, the Russian state-run gas giant said Wednesday.
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ConocoPhillips won a $2 billion stake in Russia's Lukoil and said it aimed to raise that to 20 percent in a sweeping alliance that allows the two oil majors to tap vast reserves in northern Russia and Iraq.
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The Russian government set a starting price of $1.93 billion (1.6 billion euros) for its 7.6% stake in oil giant OAO Lukoil at an auction set for next month at which ConocoPhillips Corp.