Tatneft Prepares for CO2 Injection into the Reservoir
Tatneft has received a subsurface license for the Tukaevsky-1 site in Tatarstan for the construction and operation of underground facilities where the company plans to store carbon dioxide (CO2). The site covers the territories of the Nizhnekamsky, Tukaevsky, and Zainsky districts, according to Interfax. According to the State Register of …
Novatek May Tap Additional Gas Volumes from Deep Horizons of Nadym-Pur-Taz Region Within 3–5 Years if Tax Burden Is Reduced
Novatek could begin developing additional reserves from deep horizons of the Nadym-Pur-Taz region (Yamalo-Nenets Autonomous Okrug) within three to five years. This was stated by Ekaterina Galyan, Director of the Subsoil Use and Resource Base Management Department at the company, during the “Hard-to-Recover Reserves – Present and Future” conference. At …
“Zarubezhneft” Received a License to Master the Block 11-2 of the Shelf Vietnam
“Zarubezhneft” received an investment license to master the block 11-2 of the continental shelf of Vietnam, the Interfax correspondent reports. During the visit of the President of the Russian Federation Vladimir Putin, a number of documents were signed in Vietnam. Within the framework of the exchange ceremony, the Minister of …
Novatek Began Production at the Severo-Chaselskoye field in the Yamal-Nenets Autonomous Okrug
The annual production level will exceed 3 billion cubic meters of natural gas. Novatek has begun production at the Severo-Chaselskoye field in the Yamalo-Nenets Autonomous Okrug. The annual production level at the field will exceed 3 billion cubic meters of natural gas and 0.1 million tons of gas condensate per year, …
NOVATEK Reports Preliminary Operating Data for the First Quarter 2024
PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the first quarter 2024. In the first quarter 2024, NOVATEK’s hydrocarbon production totaled 167.4 million barrels of oil equivalent (boe), including 21.12 billion cubic meters (bcm) of natural gas and 3.5 million tons of liquids (gas condensate and oil), resulting in an increase in total …
Results of NOVATEK’s Annual General Meeting of Shareholders
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today the results of its Annual General Meeting of Shareholders (“AGM”). The AGM resolved the following agenda items: Approved the Company’s Russian statutory accounts and annual report for the year ended 31 December 2023, and the allocation of profit, including approval of the …
NOVATEK’s AGM Approves 2023 Dividends
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that the Annual General Meeting of Shareholders (“AGM”) approved the total dividend payment for 2023. The total dividend distribution for 2023 will amount to RR 78.59 per ordinary share, including the interim dividends of RR 34.50 per ordinary share paid for the six …
A Zero Mineral Extraction Tax Has Come Into Force For The Production of Gas Used For The Production of Hydrogen And Ammonia
On January 1, a law came into force establishing a zero rate of mineral extraction tax (MET) for the extraction of gas and (or) gas condensate in subsoil areas located wholly or partially on the Yamal and (or) Gydansky peninsulas in the Yamalo-Nenets Autonomous Okrug, used exclusively for the production …
CNPC is Discussing Hydrocarbon Production with Gazprom, Rosneft and Novatek
China is trying to work with all parties, including Gazprom, to develop high-quality energy cooperation, Beijing said Chinese CNPC is discussing cooperation with Gazprom, Rosneft and Novatek in terms of hydrocarbon trading and pipeline expansion. This was stated by Vice President of CNPC Xie Jun during the St. Petersburg International …
NOVATEK Reports Preliminary Operating Data for the Third Quarter and Nine Months 2023
PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the third quarter and nine months 2023. In the third quarter 2023, NOVATEK’s hydrocarbon production totaled 154.9 million barrels of oil equivalent (boe), including 19.76 billion cubic meters (bcm) of natural gas and 3.00 million tons of liquids (gas condensate and crude …