NOVATEK and CNPC Sign Share Purchase Agreement for Arctic LNG 2 Stake
As part of today’s Saint-Petersburg International Economic Forum, PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that it has signed the Share Purchase Agreement (“Agreement”) with wholly owned subsidiary of China National Petroleum Corporation (“CNPC”) in relation to the sale of a 10% participation interest in the Arctic LNG 2 project. …
NOVATEK and CNOOC Sign Share Purchase Agreement for Arctic LNG 2 Stake
As part of today’s Saint-Petersburg International Economic Forum, PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that it has signed the Share Purchase Agreement (“Agreement”) with CNOOC Ltd. (“CNOOC”) in relation to the sale of a 10% participation interest in the Arctic LNG 2 project. The Agreement will close in the …
Russia to Set Up Oil Deposits Cluster to Tap Huge Arctic Energy Reserves
Russia’s oil major Rosneft said it will start developing a cluster of oil fields in the Arctic region, which is believed to hold some of the world’s largest remaining untapped oil and gas reserves. According to the head of Rosneft Igor Sechin, preliminary estimates suggest that, starting from 2027 the …
Caspian Sunrise: BNG Operational Update
Deep Well A8 The Company is pleased to provide an operational update on drilling at Deep Well A8 on the Airshagyl structure at its flagship BNG asset. As previously announced, we decided to take a further 18-meter sample core sample at a depth of 4,440 meters. We are pleased to …
OPEC Daily Basket Price: Thursday, 6 June 2019, Stood at $60.88 a Barrel
Vienna, Austria, 7 June 2019–The price of OPEC basket of fourteen crudes stood at $60.88 a barrel on Thursday, compared with $61.04 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), …
Energy Perspectives 2019: Delaying Climate Action Increases the Challenge
Current climate actions are far from enough to put the world on a path to keep global warming well below 2 degrees. Global emissions increased in 2018 to reach an all-time high – and the longer this continues, the stronger measures will be necessary to reach common goals. The need …
NOVATEK Creates a Joint Venture in China with Sinopec and Gazprombank
Today, during the official visit of the President of the People’s Republic of China Xi Jinping to the Russian Federation, PAO NOVATEK (“NOVATEK” and/or the “Company”), Sinopec and Gazprombank signed Heads of Agreement (“Agreement”) on establishing a joint venture to market LNG and natural gas to end-customers in the People’s …
Rosneft Joins Global Initiative on Methane Emission Reduction
Rosneft Oil Company has joined the initiative of the world’s leading oil and gas companies and signed “The Guidelines for Methane Emission Reduction in Natural Gas Supply Chain” (hereinafter referred to as the Guidelines). The Company’s Strategy related to compliance with the 17 Sustainable Development Goals of the UN, approved …
Rosneft Launches Second Field of Erginsky Cluster
Rosneft has put into commission the West Erginskoye field that is a part of the Erginsky cluster. Chief Executive Officer of Rosneft Oil Company Igor Sechin ordered to launch the first oil shipment via teleconference during the Annual General Meeting of Shareholders of the Company that is taking place in …
Rosneft Holds Annual General Meeting of Shareholders
Total dividend per share for 2018 is 25 rubles 91 kopecks, 274.6 billion rubles will be distributed as dividends including dividends for H1 2018. Rosneft’s Annual General Shareholders Meeting was held in Saint Petersburg on June 4. Holders of 91,39% of the Company’s shares took part in the meeting. The …