novatek

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has supplied large diameter pipe (LD pipe) for the compressor station at Yurkharovskoye field. The supply included 1,800 tonnes of 1,020 and 1,220 mm K60-grade longitudinal welded LD pipes manufactured at the Volzhsky Pipe …

OAO NOVATEK has received notice from the Chairman of the Company’s Management Committee Leonid Mikhelson regarding a change in his direct equity stake of ordinary shares of NOVATEK. His Share total went from 0.6944% to 0.7033%

Novatek announces today that pursuant to the Company’s buyback program originally announced on 7 June 2012 and subsequently extended, during the period from 11 through 14 March 2014, 2 476 250 ordinary shares (including in a form of Global Depository Receipts) were purchased on the open market. According to NOVATEK’s …

OAO NOVATEK today released its audited consolidated financial statements for the years ended 31 December 2013 and 2012 prepared in accordance with the International Financial Reporting Standards (“IFRS”). Total revenues grew by 41.3% year-on-year to RR 298.2 billion for the twelve months ended 31 December 2013 from RR 211.0 billion …

OAO NOVATEK today announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2013. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, increased by 1.2% as compared to year-end 2012 and aggregated 12,537 …

OAO NOVATEK announced today the closing of the sale of a 20% participation interest in Yamal LNG Project (“Project”) to CNODC, a subsidiary of China National Petroleum Corporation (“CNPC”), upon the receipt of all necessary regulatory approvals from Russian, European and Chinese authorities. Following the completion of the deal, the …

OAO NOVATEK announced today the completion of a deal by Yamal development (a 50/50 Joint Venture between OAO NOVATEK and OAO GazpromNeft) to acquire a 60% equity stake in Arctic Russia B.V. from the Italian energy company, ENI. Arctic Russia B.V. owns a 49% equity stake in the SeverEnergia Joint Venture. In …

OAO NOVATEK announced today that last two (out of four) new gas condensate stabilization trains with three (3) million tons per annum overall capacity were launched at the Purovsky plant resulting in completion of a project for expanding capacity of the plant from five (5) to 11 million tons. First …

Yamal Development (a 50:50 joint venture between JSC Gazprom Neft and JSC NOVATEK) has acquired a 60 percent holding in Arctic Russia B.V. from Italy’s Eni. Arctic Russia B.V. owns a 49-percent equity interest in SeverEnergia. Following the transaction Gazprom Neft’s stake in SeverEnergia will increase to 40.2 percent. Gazprom …

 NOVATEK reported today preliminary operating data for the fourth quarter and full year 2013. In the fourth quarter 2013, NOVATEK’s gross production totaled 16.42 billion cubic meters (bcm) of natural gas and 1,249 thousand tons of liquids (gas condensate and crude oil). The Company’s full year 2013 gross production aggregated …