Novatek Called for the Creation of a Program to Support the Production of Hard-to-Recover Gas
Deputy Chairman of the Board of the company Vladimir Kudrin noted that the production of HRR in the Nadym-Pur-Taz region is complicated by the difficulty of developing these reserves and expensive technologies Novatek called on the government to create a program to support technologies for the production of hard-to-recover gas, …
Novatek Intends to Maintain Gas Production Volumes in 2023
Production of liquid hydrocarbons will increase by 2-2.5% due to gas condensate, said the head of the company Leonid Mikhelson Based on the results of 2023, Novatek plans gas production at the level of 2022 – approximately 82 billion cubic meters. m or a little more. Production of liquid hydrocarbons …
The State Reserves Commission Considers Benefits for Hard-to-recover Gas Reserves
According to its head Igor Shpurov, the dependence of the world energy balance on Russian gas by 2050 will be key. The State Reserves Commission considers the introduction of incentives for the development of hard-to-recover gas reserves (HRR) of gas in Russia, said the head of the state commission, Igor …
NOVATEK’s Board Recommends 1H 2023 Dividend
The Board of Directors (the “Board”) of PAO NOVATEK (“NOVATEK” and/or the “Company”) discussed the Company’s results for the First Half 2023 and decided to convene an Extraordinary General Meeting of Shareholders (“EGM”) on 29 September 2023 in the form of absentee voting, with the following agenda: Payment …
The Court Seized the Assets of Baker Hughes for $50 Million at the Request of Yamal LNG
The arbitral tribunal agreed to provisional measures. The Arbitration Court of the Yamalo-Nenets Autonomous District ruled on the application of Yamal LNG LLC. The company filed a demand to seize the assets of the American Baker Hughes Baker Hughes Rus Infra. According to the case file, Yamal LNG demanded the …
NOVATEK Will Join the Former Joint Venture With TotalEnergies to Its “Daughter”
LLC NOVATEK-Tarkosaleneftegaz announced that it plans to take over AO Terneftegaz (the former joint venture between NOVATEK and France’s TotalEnergies). According to data for 2021, Terneftegaz produced 2.6 billion cubic meters. m of gas and 754 thousand tons of liquid hydrocarbons (condensate), and NOVATEK-Tarkosaleneftegaz – 16.6 billion cubic meters of …
NOVATEK Reports Preliminary Operating Data for the Second Quarter and First Half 2023
PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the second quarter and first half 2023. In the second quarter 2023, NOVATEK’s hydrocarbon production totaled 158.9 million barrels of oil equivalent (boe), including 20.35 billion cubic meters (bcm) of natural gas and 3.0 million tons of liquids (gas condensate and crude …
Poland Decided to Sell the “Daughter” of NOVATEK
Development Minister Waldemar Buda: Poland is selling Novatek’s subsidiary Novatek Green Energy. Poland has initiated the sale of Russian NOVATEK’s subsidiary Novatek Green Energy, which had previously been subject to external management, the country’s development minister said. Mikhelson called the nationalization of assets a robbery and promised to sue. Poland …
NOVATEK Will Use Its Own Gas in a New LNG Project
NOVATEK’s new liquefied natural gas (LNG) project in the Murmansk region, consisting of three lines with a capacity of 6.8 million tons each, which became known at the end of May, will use gas from the company itself, and not from Gazprom. Leonid Mikhelson, the largest co-owner and chairman of …
It is Planned to Ensure the IT Independence of the Russian Oil and Gas Industry by 2028
For this, a consortium of leading fuel and energy companies is being created. Oil and gas companies plan to create an industrial consortium “Neftegaz”. With its help, they expect to completely cover the IT needs for the industry with domestic solutions by 2028. This was stated by the head of …