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 …
NOVATEK: Wins Soletsko-Khanaveyskoye Auction
NOVATEK announced today that Arctic LNG 1, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the subsoil area including the Soletsko-Khanaveyskoye field located on the Gydan peninsula in Yamal-Nenets Autonomous Region. The license area has estimated hydrocarbon resources of 2,183 billion cubic meters …
TMK Announces 2Q 2019 IFRS Results
PAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, today announces its interim consolidated IFRS financial results for the six months ended June 30, 2019. 2Q 2019 Highlights Financial § 2Q Revenue up 4% quarter-on-quarter to $1,307m § 2Q Adjusted EBITDA up 11% …
Saudi Aramco Offers To Buy Into Russia’s Arctic LNG 2 Project
Saudi Arabia’s oil giant Aramco has offered to buy a stake in Russia’s liquefied natural gas project Arctic LNG 2 and hopes that project operator Novatek will accept the offer, Saudi Arabia’s Energy Minister and chairman at Aramco, Khalid al-Falih, told Russian news agency TASS in an interview published on Monday. Saudi …
NOVATEK and Repsol Sign Heads of Agreement for LNG Supply from Arctic LNG 2
Today, Novatek Gas&Power Asia, a trading subsidiary of PAO NOVATEK (“NOVATEK” and/or the “Company”) announced at the International Conference & Exhibition on Liquefied Natural Gas in Shanghai, that it has signed a non-binding Heads of Agreement for the supply of LNG with Repsol. The Heads of Agreement envisages concluding a …
NOVATEK and Vitol Sign Agreement on LNG Supply from Arctic LNG 2
During the 19th International Conference & Exhibition on Liquefied Natural Gas (“LNG2019”) in Shanghai, Novatek Gas&Power Asia, a trading subsidiary of PAO NOVATEK (“NOVATEK” and/or the “Company”) and Vitol S.A. (“Vitol”) announced signing of Heads of Agreement (“Agreement”) for the supply of LNG. The Agreement envisages concluding a 15-year contract with …
RDCR 2019: Agenda Released!
With 5 weeks to go until Russia’s largest Well Engineering Forum, the organisers are proud to release the agenda. Did you know that no other forum in Russia attracts so many delegates from the drilling and production teams of Russia’s large, medium and smaller operators? At TMG Worldwide, we pride …