Rosneft, Gazprom, Novatek, Gazprombank, Sovkomflot, USC and Ministry of Industry and Trade Sign JV Agreement To Form Far Eastern Shipbuilding Center
At the 21st World Petroleum Congress Rosneft, Ministry of Industry and Trade of the Russian Federation, Gazprom, NOVATEK, Gazprombank, Sovkomflot, United Shipbuilding Corporation signed a Joint Venture Agreement in relation to the implementation of vessel, drilling rig and marine equipment construction and design projects on the 16th of June. The …
Novatek Confrim Severenergia with Gazprom Neft
The Board of Directors of OAO NOVATEK resolved yesterday to approve several transactions, which will enable NOVATEK and OAO Gazprom Neft to equalize their respective equity stakes in the SeverEnergia joint venture. NOVATEK currently holds 59.8% of the joint venture, with Gazprom Neft holding the remaining 40.2% equity stake. The …
Novatek: Leonid Mikhelson Ups Share Holding
OAO NOVATEK has received notice from the Chairman of the Company’s Management Committee Leonid Mikhelson regarding a change in his direct equity stake of ordinary shares of NOVATEK. His Share total went from 0.6944% to 0.7033%
NOVATEK: Continues Share Buyback Program
Novatek announces today that pursuant to the Company’s buyback program originally announced on 7 June 2012 and subsequently extended, during the period from 11 through 14 March 2014, 2 476 250 ordinary shares (including in a form of Global Depository Receipts) were purchased on the open market. According to NOVATEK’s …
Novatek: Reserve Replacement Rate Running at 132%
OAO NOVATEK today announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2013. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, increased by 1.2% as compared to year-end 2012 and aggregated 12,537 …
NOVATEK Closes Sale of 20% Interest in Yamal LNG to CNPC
OAO NOVATEK announced today the closing of the sale of a 20% participation interest in Yamal LNG Project (“Project”) to CNODC, a subsidiary of China National Petroleum Corporation (“CNPC”), upon the receipt of all necessary regulatory approvals from Russian, European and Chinese authorities. Following the completion of the deal, the …
NOVATEK Increased Its Stake in SeverEnergia to 59.8%
OAO NOVATEK announced today the completion of a deal by Yamal development (a 50/50 Joint Venture between OAO NOVATEK and OAO GazpromNeft) to acquire a 60% equity stake in Arctic Russia B.V. from the Italian energy company, ENI. Arctic Russia B.V. owns a 49% equity stake in the SeverEnergia Joint Venture. In …
NOVATEK Completes the Expansion of the Purovsky plant
OAO NOVATEK announced today that last two (out of four) new gas condensate stabilization trains with three (3) million tons per annum overall capacity were launched at the Purovsky plant resulting in completion of a project for expanding capacity of the plant from five (5) to 11 million tons. First …
Novatek: Final Investment Decision Made on the Yamal LNG Project
OAO NOVATEK announced today that the Board of Directors of Yamal LNG approved a final investment decision for the Yamal LNG project, consisting of the development of the South-Tambeyskoye gas condensate field and the construction of a natural gas liquefaction plant on the Yamal Peninsula (the “Project”). All of the …
NOVATEK expanded capacity of Purovsky plant
NOVATEK announced today that first two (out of four) gas condensate stabilization trains with three (3) million tons per annum overall capacity were launched as part of a project for expanding capacity of the Purovsky plant from five (5) to 11 million tons. Construction works are currently being finalized at …