Search results for: Russia’s offshore Arctic

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  • 26 May 2014
    Business & Finance, Project & Tenders

    Rosneft and ONGC Videsh have signed a Memorandum of Understanding at the St. Petersburg International Economic Forum, in the presence of Vladimir Putin, President of the Russian Federation.

  • 26 May 2014
    Business & Finance, Project & Tenders

    Igor Sechin, President and Chairman of the Management Board, Rosneft and Dinesh Kumar Sarraf, Chairman of the Board of Directors, ONGC Videsh Ltd and Chairman & Managing Director, ONGC signed a Memorandum of Understanding at the St. Petersburg International Economic Forum, in the presence of Vladimir Putin, President of the Russian Federation. The Memorandum paves […]

  • 31 March 2017

    Gazprom’s subsidiary, Gazprom Neft, has signed a memorandum of understanding with India’s ONGC Videsh on joint implementation of offshore projects. Gazprom Neft and ONGC Videsh, a subsidiary of India’s Oil and Natural Gas Corporation, signed the deal in the presence of the Russian Minister of Energy Alexander Novak on Thursday, March 29, during the International […]

  • 25 August 2015

    Russia has been ordered to pay compensation to the Netherlands, for unlawfully seizing the Arctic Sunrise vessel in September 2013, according to a ruling brought by a tribunal in The Hague. The case was initiated against Russia by the Netherlands on October 4, 2013. The ship, flying the Dutch flag, is operated by Greenpeace. In […]

  • 19 May 2019

    KBR chosen for EPC work on Freeport LNG’s Train 4 Houston-based engineering company KBR has been selected as the preferred bidder for engineering, procurement, construction, and commissioning (EPC) work on Train 4 at Freeport LNG’s export facility. Sempra kicks off production at Cameron LNG Train 1 Sempra Energy said that production of liquefied natural gas […]

  • 28 May 2010

    Several Russian oil companies have applied for drilling licenses in the Barents-, Kara- and Pechora Seas. There are currently no operational offshore oil- and gas fields in the Russian Arctic Oceans, but the interest to start exploring the northern offshore fields appear to increase. Less ice due to the on-going rapid climate changes makes it […]

  • 19 July 2017

    An international arbitration tribunal has ruled that Russia must pay a 5.39 million euros compensation to the Netherlands for the damage to the Dutch-flagged, Greenpeace-operated Arctic Sunrise vessel, and the arrest of Greenpeace protesters in 2013. The arbitration, launched by the Netherlands, concerns the measures taken by Russia against the Dutch-flagged ship Arctic Sunrise and […]

  • 22 September 2014

    New technologies, growing Asian markets, and Western sanctions have the potential to shift the regional balance of Russian oil and natural gas production in the long term, according to the U.S. Energy Information Administration (EIA). “Russia was the world’s largest producer of crude oil in 2013” EIA data shows that Russia was the world’s largest […]

  • 25 April 2019
    Business & Finance

    Russia’s Novatek has entered into agreements with two Chinese companies under which they will acquire participating interest in Novatek’s Arctic LNG 2 project. 

  • 26 August 2013

    Four members of the Russian Coast Guard today boarded the Greenpeace Arctic Sunrise vessel. According to Greenpeace the Coast Guard member boarded the ship without permission. The Coast Guard embarked on the vessel used by Greenpeace to protest against offshore drilling in the Arctic region after the activists launched inflatable boats with banners reading “Save the Arctic” near […]

  • 22 September 2014

    ExxonMobil has confirmed it will stop its drilling operations in the Kara Sea, offshore Russia, to comply with the sanctions imposed against Russia by the U.S. Treasury Department.

  • 11 August 2017

    Novatek plans to start producing liquefied natural gas at the second and third train of its giant Yamal LNG plant in the Russian Arctic ahead of schedule, according to Leonid Mikhelson, chief executive and co-owner of Novatek. Russia’s largest independent natural gas producer has already started commissioning activities on the first liquefaction unit at its […]

  • 4 February 2019
    Business & Finance, Equipment

    NOVATEK has signed a contract for compressor equipment for three liquefaction trains on the Arctic LNG 2 project offshore Russia.

  • 13 June 2013

    Sovcomflot Group held its 12th Business Partners Conference in Saint-Petersburg. The meeting was timed to coincide with the company’s anniversary – marking 25 years since its foundation as a joint stock enterprise. Quarter of a century ago in June 1988, Sovcomflot JSC was founded on the basis of an «all-Union self-financing foreign-trade association» and became […]

  • 22 October 2014

    Exxon Mobil has stopped its joint Kara Sea drilling operations with Rosneft due to the sanctions imposed by the West. According to Reuters, Russian Energy Minister Alexander Novak today said he hoped that the withdrawal of Exxon Mobil would not affect wider offshore exploration efforts in Russia’s Arctic. “I hope that Exxon’s departure won’t delay shelf projects,” […]

  • 28 July 2019

    TechnipFMC scores multi-billion dollar Arctic LNG 2 job LNG contractor TechnipFMC has been awarded an engineering, procurement and construction (EPC) deal by Novatek and its partners worth over for the Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia. Freeport LNG’s Train 1 enters final commissioning stage McDermott International said that […]

  • 27 December 2013

    The Arctic 30, the Greenpeace activists detained in Russia after boarding the Prirazlomnaya offshore platform in the Pechora sea in September, are going home.   They are leaving Russia today and over the weekend. A plane carrying five Britons and a Canadian took off shortly after 11:30 am local time from St Petersburg airport, heading […]

  • 18 December 2018

    Italian oil and gas industry contractor Saipem could lock in a deal with Russia’s largest independent natural gas producer Novatek for Arctic LNG 2 offshore platforms. 

  • 27 May 2014

    Greenpeace activists from 12 countries blocked two separate oil rigs destined to drill in the Arctic ocean in the early hours of Tuesday morning. A group of 30 activists in the Dutch port of IJmuiden occupied the GSP Saturn, a rig contracted by Russia’s state owned energy company Gazprom on its way to the remote […]

  • 19 December 2013

    A government owned investment company, Finnish Industry Investment Ltd,  purchased on Tuesday a 66.4 per cent majority stake of the shares of Aker Arctic Technology Oy (Aker Arctic) from STX Finland Oy. Aker Arctic is one of the world’s leading companies in Arctic marine logistics and offshore solutions as well Arctic vessels design. The company’s […]

  • 14 April 2011
    Business & Finance

      BP announced today that it has agreed with Rosneft to extend the deadline for completing the share swap agreement (previously announced on 14 January) to 16 May 2011. The agreement between the two companies followed the 8 April decision of the arbitral tribunal to allow them to discuss extension of the deadline. This means […]

  • 19 September 2013

    ABB has won an order worth around $25 million to supply its marine propulsion system, Azipod, and complete electric power plants for two new rescue and salvage icebreakers that are under construction at Nordic Yards GmbH in Germany. The new vessels, owned by Russia’s State Maritime Rescue Coordination Centre (SMRCC), will be used for patrols […]