Search results for: Novatek

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  • 31 December 2013

    NOVATEK announced that Novatek Equity (Cyprus), a wholly owned subsidiary, sold 27 thousand GDRs of NOVATEK  as part of the share based compensation and incentive program. The GDRs were sold on the open market during the period 23 to 30 December 2013 from the existing holdings of GDRs that were allocated to the program. During […]

  • 9 December 2011
    Project & Tenders

    Total has increased its stake in Novatek by finalizing the acquisition of an additional 2% interest in the Russian company for around 800 million dollars. Following this transaction, Total owns a 14.09% of share capital in Novatek. This transaction effective as of yesterday was finalized through the acquisition of shares from Novatek’s two main shareholders as […]

  • 9 April 2014

    N0vatek, the operator of Russia’s Yamal LNG project, said its gross production totaled 15.71 bcm of natural gas and 1,370 thousand tons of liquids (gas condensate and crude oil) in the first quarter of 2014, resulting in a decrease in natural gas production by 2.4% and an increase in combined liquids production by 15.6%, as […]

  • 16 December 2011

    Total today announced that it has taken, together with its partner Novatek, the final investment decision to develop the Termokarstovoye gas and condensates field. This onshore field is located in the Yamal Nenets autonomous district of Russian Federation, 250 kilometers east of Tarko-Sale. The field has a potential of around 47 billion cubic meters of […]

  • 24 July 2020
    Infrastructure, Vessels

    Novatek, Russia’s largest independent natural gas producer, shipped the first cargo of liquefied natural gas from the Yamal LNG project to Japan transported eastbound via the Northern Sea Route.

  • 26 June 2013

    NOVATEK, Russia’s largest independent gas producer, said it has received notice from Total E&P Arctic Russia notifying the company that they have increased their equity stake in NOVATEK to 16.0%. NOVATEK and Total are jointly developing the Yamal LNG project in Russia. NOVATEK’s share in OAO Yamal LNG is currently 80%, Total owns the remaining […]

  • 8 November 2018

    Russia’s largest independent natural gas producer and LNG export player, Novatek has won a new exploration license on the Gydan peninsula. Novatek-Yurkharovneftegas, a unit of Novatek, won the auction for geological survey, exploration and production license for the South-Leskinskiy subsoil license area on the Gydan peninsula in the Krasnoyarsk Territory. The license area has estimated hydrocarbon resources […]

  • 23 December 2013

    NOVATEK announced the conclusion of an agreement with Rosneft on an asset swap, whereby the Novatek’s 51% stake in Sibneftegas will be swapped for Rosneft’s 40% stake in Artic Russia B.V., which owns 49% of SeverEnergia. The transaction doesn’t involve any cash settlements and will be closed after receipt of the necessary approvals. On 20 […]

  • 12 April 2016

    Russia’s Novatek, the operator of the giant Yamal LNG project, said it has been awarded an exploration and production license for the Nyakhartinskiy area. The license duration is 27 years and Novatek paid 1.05 billion roubles (US$15.1 million) for the Nyakhartinskiy license located in the Yamal-Nenets Autonomous Region, the company said on Tuesday. The Nyakhartinskiy […]

  • 4 June 2015
    Project & Tenders

    Novatek said that its Novatek Gas & Power unit has signed a long-term contract with Shell International Trading Middle East for the supply of LNG from the Yamal LNG project.

  • 9 October 2014

    Novatek, owner of a 60 percent stake in the Yamal LNG project, said its production of natural gas increased by 1.05 bcm, or by 7.2% in the third quarter of this year. In the nine months period ended 30 September, Novatek’s gross production totaled 46.88 bcm of natural gas, up by 2.3% as compared with the same period in […]

  • 2 April 2019
    Project & Tenders

    Russia’s largest independent natural gas producer and LNG operator Novatek has signed a non-binding heads of agreement (HoA) for the supply of LNG with Repsol. Novatek said on Tuesday that the agreement with Repsol was signed by the company’s trading unit Novatek Gas&Power Asia. The heads of agreement envisages concluding a 15-year contract with an […]

  • 1 July 2020
    Business developments & projects, Project & Tenders

    France’s GTT has secured an order from South Korea’s DSME for the tank design of Novatek’s two floating LNG storage units. Daewoo said earlier this month it will build the two FSUs for about 901.3 billion won ($751 million). The deal includes an option for two additional units. The storage and transshipment facilities will have […]

  • 15 January 2014

      NOVATEK announced the completion of a deal by Yamal development (a 50/50 Joint Venture between NOVATEK and GazpromNeft) to acquire a 60% equity stake in Artic Russia B.V. from the Italian energy company, ENI. Artic Russia B.V. owns a 49% equity stake in the SeverEnergia Joint Venture. In addition, on 27 December 2013, NOVATEK […]

  • 20 May 2019
    Project & Tenders

    Russian largest independent gas producer and LNG player Novatek signed a deal with TechnipFMC for its Arctic LNG 2 project.

  • 12 September 2018

    Russia’s Novatek, the operator of the giant Yamal LNG export project, signed an agreement of intent with Russian state nuclear firm Rosatom to establish a joint venture. Under the deal, the duo plans to establish a long-term partnership to jointly develop, finance and implement a project to create a liquefied natural gas (LNG)-fuelled icebreaker fleet, […]

  • 4 September 2019

    Novatek, Russia’s natural gas producer and LNG major, has signed a heads of agreement on creating a joint venture with its compatriot shipper Sovcomflot.

  • 24 July 2019

    Russian largest independent gas producer and LNG player Novatek has begun commercial production at the South-Khadyryakhinskoye gas field.

  • 4 April 2011

      OAO NOVATEK today announced a change in the shareholding structure of shareholders holding not less than five percent of the Company’s ordinary shares. On 4 April 2011, the Company was notified by Total E&P ARCTIC RUSSIA that it had increased its share in NOVATEK’s equity from zero to 12.0869%. On the same date, SWGI […]

  • 2 February 2011
    Project & Tenders

      OAO NOVATEK First Deputy Chairman of the Management Board, Mikhail Popov, and the General Director of the Russian Federation’s Atomflot, Vladimir Ruksha, signed a Сooperation Agreement establishing the framework for the development of reliable and safe transportation solutions for the Yamal peninusla and Northern Sea Route. The signed Agreement calls for cooperation between the […]

  • 6 June 2019

    Novatek, Russia’s largest private gas producer, has created a joint venture in China with Sinopec and state-owned Russian bank Gazprombank.

  • 17 April 2012
    Project & Tenders

    OAO NOVATEK said today that OAO Gazprom and the company have signed a Memorandum of Cooperation whereby NOVATEK and Gazprom are considering the possibility to establish a joint venture to increase liquefied natural gas (LNG) production capacity on the Yamal peninsula as well as jointly developing hydrocarbon resources on the Gydan peninsula. The companies will […]