Alexey Miller and Leonid Mikhelson Review Issues of Cooperation Between Gazprom and NOVATEK
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Leonid Mikhelson, Chairman of the Management Board of NOVATEK, took place today in St. Petersburg. The parties reviewed issues pertaining to cooperation between the companies. source
NOVATEK Reports Preliminary Operating Data for the First Quarter 2021
PAO NOVATEK reported today preliminary operating data for the first quarter 2021. In the first quarter 2021, NOVATEK’s hydrocarbon production totaled 158.1 million barrels of oil equivalent (boe), including 20.15 billion cubic meters (bcm) of natural gas and 3,129 thousand tons of liquids (gas condensate and crude oil), resulting in …
NOVATEK Obtains the North-Gydanskiy License Area
PAO NOVATEK announced today that Arctic LNG 1, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the North-Gydanskiy subsoil license area located in the Yamal-Nenets Autonomous Region on the Gydan Peninsula and partly in the shallow waters of Gydan Bay of the Kara …
NOVATEK: Announces Consolidated IFRS Results for the Year Ended 31 December 2020
PAO NOVATEK today released its audited consolidated financial statements for the year ended 31 December 2020 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) FY 2020 FY 2019 Oil and gas sales 699,750 852,232 Other revenues 12,062 …
NOVATEK Joins the Arctic Economic Council
PAO NOVATEK announced today that it has formally joined the Arctic Economic Council. The Arctic Economic Council (AEC) is an international business forum established in 2014 at the initiative of the Arctic Council in order to facilitate business-to-business activities and promote responsible economic development of the Arctic region. The AEC’s …
Baker Hughes and NOVATEK Partner to Develop Pioneering Lower Carbon Hydrogen Solution for LNG Trains
Baker Hughes and PAO NOVATEK have signed a cooperation agreement aimed at reducing carbon emissions from natural gas and liquefied natural gas (LNG) production. The two companies will cooperate on the development and implementation of innovative compression and power generation technology solutions from Baker Hughes for NOVATEK’s LNG projects, supporting …
NOVATEK: 2020 Reserve Replacement Reached 117%
PAO 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 2020. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 16,366 million barrels of oil equivalent (boe), including 2,244 billion …
NOVATEK Reports Preliminary Operating Data for 2020
PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the twelve months ended 31 December 2020. In 2020, NOVATEK’s hydrocarbon production totaled 608.2 million barrels of oil equivalent (boe), including 77.37 billion cubic meters (bcm) of natural gas and 12,237 thousand tons of liquids (gas condensate and …
Arctic LNG 2 Ice-Class Tanker Fleet Formation Completed
Arctic LNG 2 entered into long-term charter agreements on six Arc7 ice-class LNG tankers with PAO Sovcomflot and Mitsui O.S.K. Lines, Ltd., with the construction of the Arc7 ice-class LNG tankers to be built at Daewoo Shipbuilding & Marine Engineering (“DSME”). The Project has successfully completed chartering of the required …
NOVATEK: Announces Consolidated IFRS Results for the Third Quarter and the Nine Months 2020
PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three and nine months ended 30 September 2020 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) 3Q 2020 3Q 2019 9M 2020 …