Terneftegas Launches the Termokarstovoye Field
OAO NOVATEK announced today that Terneftegas, a joint venture between NOVATEK (51%) and Total (49%), formally launched the Termokarstovoye gas and gas condensate field into commercial production. The field is expected to reach its planned daily production level equivalent to approximately 2.4 billion cubic meters of natural gas and 0.8 …
NOVATEK Elects New Board of Directors
OAO NOVATEK announced today that the Annual General Meeting of Shareholders (“AGM”) approved the election of new members to the Board of Directors. The following members were elected to the Board of Directors: Andrei I. Akimov: Chairman of the Management Board of Gazprombank (Open Joint Stock Company); Burckhard Bergmann: Board …
Total: To Sell Kharyaga to Zarubezhneft?
French oil and gas major Total is in talks to sell its 40 percent stake in Russia’s Kharyaga oil project to Russian state firm Zarubezhneft, the Vedomosti business daily reported on Wednesday. The paper, citing a federal official and a source close to Zarubezhneft’s board, said Zarubezhneft’s stake may increase …
Total Sells Its 10% Interest In Shah Deniz To TPAO
Total today signed an agreement to sell its 10% interest in the Shah Deniz field and the South Caucasus Pipeline to TPAO, the Turkish state-owned E&P company. The transaction is valued at $1.5 billion and is subject to customary approvals. “The sale of our interest in Shah Deniz is in …