Guyana Could Become the Fastest Growing Oil Province in the World
The consortium, which includes ExxonMobil, US oil company Hess and China’s CNOOC, plans to spend $12.93 billion to develop its sixth offshore oil project in Guyana. The floating production platform for the Whiptail project will start operating in 2027 and will provide more than 1.2 million barrels per day of …
China’s CNOOC Starts Production at a Large Field in Brazil
China National Offshore Oil Corporation (CNOOC), China’s state-owned oil and gas corporation, has started production at Brazil’s large Buzios field, the company said in a statement. It is noted that the Buzios oil field is located in the Santos oil and gas basin in the southeast of Brazil at a …
Arctic LNG 2: Signs Loan Agreements with International Banks
Arctic LNG 2 announced today the signing of loan agreements with international financial institutions and commercial banks. The maximum aggregate loan amount under the facilities to be provided by the Russian and international banks is EUR 9.5 billion for up to 15 years. The external financing package with a consortium …
NOVATEK: Partners Held a Regular Virtual Meeting to Discuss Status of Arctic LNG 2
PAO NOVATEK announced that a regular working meeting was held regarding the status of Arctic LNG 2 project (“Project”) with the respective management of the partner companies. The working meeting, which took place in the form of a videoconference, was attended by Leonid Mikhelson (NOVATEK), Patrick Pouyanné (TOTAL), Huang Yongzhang …
Arctic LNG 2 Ice-Class Tanker Fleet Formation Completed
Arctic LNG 2 entered into long-term charter agreements on six Arc7 ice-class LNG tankers with PAO Sovcomflot and Mitsui O.S.K. Lines, Ltd., with the construction of the Arc7 ice-class LNG tankers to be built at Daewoo Shipbuilding & Marine Engineering (“DSME”). The Project has successfully completed chartering of the required …
Arctic LNG 2 Chartered 15 Arc7 Tankers to be Built at Zvezda Shipyard
PAO NOVATEK announced that its joint venture Arctic LNG 2 (“Arctic LNG 2” and/or the “Project”) entered into long-term charter agreements on 14 Arc7 ice-class LNG tankers with SMART LNG (a joint venture between NOVATEK and PAO Sovcomflot), with the construction of the LNG tankers to be built at the Zvezda Shipbuilding …
CEO’s Meet Virtually to Discuss Status of Arctic LNG Project
PAO NOVATEK announced that a working meeting was held today regarding the Arctic LNG 2 project with the respective CEO’s of the partner companies. The working meeting, which took place in the form of a videoconference, was attended by Leonid Mikhelson (NOVATEK), Patrick Pouyanné (TOTAL), Dai Houliang (CNPC), Wang Dongjin …
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 …
Rosneft Delegation Participated in the Work of Russian-Chinese Commission for Energy Cooperation
Rosneft delegation participated in the thirteen session of the inter government Russian-Chinese commission for energy cooperation. Rosneft is the leader in the Moscow-Beijing energy dialog, Company projects with Chinese partners are the key elements of the economic cooperation between the two countries. Actual joint cooperation aspects were discussed at the …
Rosneft Delegation Participated in the Work of Russian-Chinese Commission for Energy Co-operation
Rosneft delegation participated in the thirteen session of the inter government Russian-Chinese commission for energy cooperation. Rosneft is the leader in the Moscow-Beijing energy dialog, Company projects with Chinese partners are the key elements of the economic cooperation between the two countries. Actual joint cooperation aspects were discussed at the …