Conoco and Lukoil: Everyone Wins
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The US oil giant got a good price, Russia&#39;s No. 1 oil company acquired a savvy partner, and Putin polished Russia&#39;s image.
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The Russian company wins a legal skirmish.
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U.S. oil major ConocoPhillips is seeking to buy up to 25  percent in Russian oil giant LUKOIL LKOH.RTS, booking  billions of barrels of new reserves, an industry source  familiar with the matter said on Friday. ConocoPhillips shares  closed at $72.70 on the New York Stock Exchange.
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MOSCOW - U.S. oil giant ConocoPhillips on Wednesday paid nearly $2 billion for a 7.6 percent stake in Russia's Lukoil - the world's No...
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: ConocoPhillips said on Wednesday it was seeking 20 per cent in Russiaâs LUKOIL in a far-reaching alliance opening the way for the two oil majors to tap vast reserves in northern Russia and Iraq.
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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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US oil major ConocoPhillips has boosted its stake in Russia's second-largest oil producer LUKoil to 10 percent, giving Conoco at least one representative on LUkoil's board.
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Russia is trouncing the West in the race to gain access to the enormous oil and gas reserves of its neighbors.
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Fresh from a new alliance with ConocoPhillips, Lukoil is trying to transform itself from a Russian oil company to an international oil giant.
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Russia's Gazprom closed in on half of Royal Dutch Shell's  $22 billion Sakhalin-2 energy project on Tuesday while Shell denied it had buckled under Kremlin pressure and warned Moscow the world was watching.
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OIL continues to set new records by the day. Last Friday, it was in whispering distance of $50 a barrel as Iraq and the woes of the giant Russian producer, Yukos, kept markets on tenterhooks.
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The purchase, which ConocoPhillips, the American energy conern, made at an auction today for the Russian government's stake in Lukoil, sets the stage for projects in Iraq.
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EU antitrust regulators gave their approval on Wednesday to Russian energy group Lukoil's plans to buy the filling stations of US oil giant ConocoPhillips in seven European countries.
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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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Moscow, 29 September: LUKoil and ConocoPhillips are to carry out joint work in Iraq, LUKoil vice-president Leonid Fedun told journalists today immediately after the sale at auction of the state package of shares in LUKoil.
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US oil major ConocoPhillips is seeking to buy up to 25 percent in Russian oil giant Lukoil to add billions of barrels of reserves to its books, an industry source familiar with the matter said on Friday.
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Better sit down for this one. Just in case you faint easily (although if you&#39;ve been following this story, over the past few months, that&#39;s unlikely): ConocoPhillips (NYSE: COP