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 …
NOVATEK and TOTAL Sign Sale Agreement for Arctic LNG 2 Stake
PAO NOVATEK and TOTAL S.A. signed a Sales and Purchase Agreement (“Agreement”) in relation to the sale of a 10% participation interest in the Arctic LNG 2 project (the “Project”), within the binding agreement, signed at the 22nd Saint Petersburg International Economic Forum in May 2018. The transaction will be closed …
Yamal LNG: Reaches Full Production Capacity
PAO NOVATEK announced today that its joint venture Yamal LNG has reached full capacity at the plant’s three LNG trains. The Yamal LNG project was implemented in record time and on budget with the launches of the second and third trains made ahead of schedule by six months and more …
Yamal LNG Completes First Ship-to-Ship LNG Transshipment in Norway
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that its joint venture Yamal LNG completed the first ship-to-ship LNG transshipment in the area near the port of Honningsvag in northern Norway. The Arc7 ice-class LNG tanker “Vladimir Rusanov” successfully reloaded an LNG cargo delivered from the Yamal LNG facility at …
Azerbaijan’s SOCAR in Talks to Develop Oil Field in Russia
Azerbaijan’s state oil company SOCAR is in talks with Russia’s Rosneft, Gazprom and Novatek over the development of an oil field in Russia, SOCAR Vice President Elshad Nasirov told reporters Nov. 1 in Minsk, Reuters reported. Nasirov also said that SOCAR had proposed extending its gas contract with Gazprom to …
Arctic LNG 2: Utrenneye Field Discovers Two New Commercial Deposits
PAO NOVATEK today announced that upon drilling and testing of well #294 at the Utrenneye field, two new hydrocarbon deposits were discovered and commercial viability of the mid-Jurassic deposits was confirmed. The two new deposits’ reserves under the Russian reserve classification, subject to confirmation at Russian state reserves commission, are …
NOVATEK and JOGMEC Sign MOU on LNG Cooperation
Today, taking the opportunity of the meeting between the President of Russian Federation Vladimir Putin and the Prime Minister of Japan Shinzo Abe, Chairman of the Management Board of PAO NOVATEK (“NOVATEK”) Leonid Mikhelson and Chairman and CEO of Japan Oil, Gas and Metals National Corporation (JOGMEC) Tetsuhiro Hosono, signed …
Yamal LNG Realized LNG Commissioning in Record Time
PAO NOVATEK announced that Yamal LNG has launched the second LNG train and dispatched the first cargo from this unit. The second LNG train commissioned six months ahead of its original schedule, and combined with the first LNG train launch in December 2017, has achieved the commissioning of the …
NOVATEK Spuds First Well at the North-Obskiy License Area
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that its subsidiary OOO Arctic LNG 3 commenced drilling of the first well at the North-Obskiy license area located in the shallow waters of the Ob Bay. The initial well is drilled using a jack-up floating drilling rig “Amazon” leased from “Gazprom flot”. The …
LNG Carriers Are Completing the Northern Sea Route Passage
PAO NOVATEK announced that two Arc7 ice-class LNG tankers “Vladimir Rusanov” and “Eduard Toll” are completing the Northern Sea Route passage via the Eastern direction. The “Vladimir Rusanov” passed the Northern Sea Route and arrived at the Bering Strait, while the “Eduard Toll” entered open water in the Chukchi Sea. …