Gazprom Neft: Becomes First Company to Report Reserves Digitally
Gazprom Neft, together with the Russian Federal Geological Fund (Rosgeolfond, a state budgetary institution), has tested the first ever digital scheme for submitting state statistical reports on changes in hydrocarbon reserves to the State Register of Mineral Reserves, with a digital form being successfully used by Gazprom Neft’s largest subsidiary, Gazpromneft-Noyabrskneftegaz with assistance from specialists from the …
Rosneft Holds Round Table with Japanese Business Representatives at the Eastern Economic Forum
As part of the 5th Eastern Economic Forum, Rosneft has held a round table with leading representatives of the energy industry of Japan and heads of major Japanese corporations. Participants of the event discussed the prospects of cooperation and the existing projects of Rosneft and Japanese companies. The event was …
Rosneft: FEFU to Conduct Survey for Rosneft to Determine Structural Behaviour of Deformed Ice
Rosneft Oil Company and Far Eastern Federal University (FEFU) have signed a contract for research aimed to determine the structural behaviour of deformed ice for the design of marine hydraulic structures, during the 5th Eastern Economic Forum. The scope of work under the contract provides for studies of deformed ice …
OPEC Daily Basket Price: Wednesday, 4 September 2019, Stood at $58.97 a Barrel
Vienna, Austria, 5 September 2019–The price of OPEC basket of fourteen crudes stood at $58.97 a barrel on Wednesday, compared with $57.81 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), …
NOVATEK and Saibu Gas Sign Heads of Agreement
In the presence of the Minister of Economic Development of the Russian Federation Maxim Oreshkin and the Minister of Economy, Trade and Industry of Japan Hiroshige Seko, PAO NOVATEK (“NOVATEK” and/or the “Company”) and Saibu Gas Co., Ltd. (Japan), signed the Heads of Agreement (the “Agreement”). According to the Agreement, …
Final Investment Decision Made on Arctic LNG 2 Project
During the Eastern Economic Forum in Vladivostok, PAO NOVATEK announced that the participants of OOO Arctic LNG 2 approved a final investment decision (“FID”) for the Arctic LNG 2 project, consisting of the development of the Utrenneye field and the construction of a natural gas liquefaction plant on the Gydan …
NOVATEK Signs Memorandum of Understanding with Petronet LNG
During a meeting between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi held at the Eastern Economic Forum in Vladivostok, PAO NOVATEK (“NOVATEK” and/or “the Company”) and Petronet LNG Limited (“Petronet LNG”), India, signed a Memorandum of Understanding (the “MoU”) on future natural gas cooperation. The MoU envisages …
NOVATEK Signed MOU with H-Energy
Today, during the Eastern Economic Forum in Vladivostok, PAO NOVATEK and H-Energy Global Ltd, India, signed a Memorandum of Understanding. The MOU envisages cooperation in LNG supplies to India on a long-term basis, joint investment in future LNG terminals of H-Energy and LNG projects of NOVATEK, as well as establishing a …
NOVATEK Creates Shipping Joint Venture with Sovcomflot
Today, during the Eastern Economic Forum in Vladivostok, PAO NOVATEK and PAO Sovcomflot, signed the Heads of Agreement on creating a joint venture. According to the Agreement, the Parties intend to create a shipping company, with the potential involvement of other joint venture participants. The joint venture will focus on …
Caspian Sunrise: Purchase of Equipment and the Issue of Shares
The Board of Caspian Sunrise is pleased to announce the purchase of drilling equipment, including four rigs, for an aggregate consideration of $7 million, to be satisfied by the issue of 58,333,333 new ordinary shares (“Consideration Shares”) representing 3.2 per cent. of the Company’s existing share capital at an issue price …