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 …
Volga Gas: Production Report for August 2019
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its average production volumes for August 2019. Production Report The average production in August 2019 was 4,388 barrels of oil equivalent per day (10% lower than July 2019). Lower production resulted from …
Exploitation of Flank License Blocks is Leading to Further Expansion of Gazprom Neft’s Resource Base
Gazprom Neft has, for the first time, acquired geological prospecting licenses for flank blocks at developed fields — these new blocks, the Sverdlovsky 4 and Yuzhno-Zimny, being located in the Sverdlovsk and Tyumen Oblasts. The “flank” mechanism gives existing subsoil users a priority right to secure prospecting licenses to blocks in the Unallocated Subsoil Reserve Fund within a 20-kilometre zone …
OPEC Daily Basket Price Stood at $60.11 a Barrel Friday, 30 August 2019
Vienna, Austria, 2 September 2019–The price of OPEC basket of fourteen crudes stood at $60.11 a barrel on Friday, compared with $60.24 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 …
OPEC Daily Basket Price: Friday, 30 August 2019, Stood at $60.11 a Barrel
Vienna, Austria, 2 September 2019–The price of OPEC basket of fourteen crudes stood at $60.11 a barrel on Friday, compared with $60.24 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 …