TATNEFT Is among Leaders in Associated Petroleum Gas Utilization
Based on the results of 2013 summed up by the government commission of the Fuel & Energy Complex on increasing the efficiency of associated petroleum gas utilization JSC TATNEFT is in the second place in terms of utilization of the associated petroleum gas. JSC “Surgutneftegas” is in the first place, …
Yokogawa Wins Control System Order for Yamal LNG Project
Yokogawa Electric Corporation is pleased to announce that its subsidiary Yokogawa Europe Solutions B.V. has been awarded a contract by Yamgaz, a consortium of Technip and JGC Corporation, to supply integrated control and safety systems (ICSS) for the Yamal LNG Project to build a liquefied natural gas plant and other …
Rosneft and NOVATEK Agree Assets Swap
Rosneft announces that it signed an agreement with NOVATEK to swap assets. 40% of shares in Artic Russia B.V. held by Rosneft will be swapped for 51% shares in Sibneftegas held by NOVATEK. The transaction does not involve any cash payments. Upon completion of the transaction, Rosneft, already holding a …
Novatek: Final Investment Decision Made on the Yamal LNG Project
OAO NOVATEK announced today that the Board of Directors of Yamal LNG approved a final investment decision for the Yamal LNG project, consisting of the development of the South-Tambeyskoye gas condensate field and the construction of a natural gas liquefaction plant on the Yamal Peninsula (the “Project”). All of the …
Gazprom Neft and Novatek’s Yamal Development Confirms SeverEnergia Stake Increase
Yamal Development (a 50/50 Joint Venture between OAO Gazprom Neft and OAO NOVATEK) signed a binding agreement with the Italian energy company, Eni on acquiring a 60% equity stake in Arctic Russia B.V., which owns 49% of the SeverEnergia Joint Venture. The value of the transaction is USD 2,940 million. The transaction is subject to receipt of necessary approvals. Following completion of the transaction, …
Eni Agrees To Sell SeverEnergia Stake for $2.9 bln to Novatek and Gazprom Neft
Italian oil and gas group Eni has agreed to sell its stake in natural gas producer SeverEnergia to Russia’s Novatek and Gazprom Neft for $2.94 billion reported Reuters. * Eni to be paid cash at closing * Enel earlier sold SeverEnergia stake to Rosneft * Eni exits upstream development in …
SeverEnergia: Gazprom Neft and Novatek Eye Stake Increase
Gazprom Neft and Novatek are considering increasing their joint controlling stake in gas producer SeverEnergia, to counter any ownership challenge by state oil giant Rosneft, a document obtained by Reuters said. Potentially one of Russia’s largest partly foreign-owned gas projects, SeverEnergia is expected to produce 36 billion cubic meters of …
Enel: Completes $1.8bn Sale of SeverEnergia to Rosneft
Italy’s biggest utility Enel has completed the $1.8 billion sale of its stake in Russian natural gas producer SeverEnergia to Kremlin-controlled Rosneft, despite resistance from other shareholders reported Reuters. The deal has increased tensions between Russia’s oil barons, a headache for Russian President Vladimir Putin as he looks to boost …
Novatek: Q3 Revenues Up 44%
OAO NOVATEK today released its consolidated interim condensed financial information for the three and nine months ended 30 September 2013 prepared in accordance with International Financial Reporting Standards (“IFRS”). Total revenues in the third quarter and nine months 2013 increased by 44.1% and 41.4%, respectively, as compared to the corresponding periods …
NOVATEK expanded capacity of Purovsky plant
NOVATEK announced today that first two (out of four) gas condensate stabilization trains with three (3) million tons per annum overall capacity were launched as part of a project for expanding capacity of the Purovsky plant from five (5) to 11 million tons. Construction works are currently being finalized at …