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Baker Hughes and Novatek Eye Hydrogen Blends for LNG Trains
Baker Hughes contends the partnership with NOVATEK marks a pioneering endeavor. PHOTO SOURCE: Baker Hughes
7:00 PM EST | February 01, 2021
Oil Drilling in Russia Could Fall 20% Next Year
Russia's producers, which have reduced oil drilling by as much as one-third so far this year, may cut it by a further 20% in 2021, says an oilfield services exec.
8:00 PM EST | October 14, 2020
Israel and Lebanon Plan Maritime Border Talks
The dispute has hobbled exploration in the energy-rich waters of the eastern Mediterranean.
8:00 PM EST | September 30, 2020
Daewoo Wins $748MM FLNG Contract With Novatek
The firm expects to deliver the two vessels by the end of next year.
8:00 PM EST | June 09, 2020
Arctic LNG 2 Contracts Go to CCC
The Arctic LNG 2 project is on Russia's Gydan Peninsula on the opposite side of Ob Bay from the Yamal LNG complex. PHOTO SOURCE: Novatek
8:00 PM EST | April 23, 2020
$7.6B Russia LNG Contract Goes to TechnipFMC
Arctic LNG 2 is being developed across the Gulf of Ob from Yamal LNG, pictured here. PHOTO SOURCE: Novatek
8:00 PM EST | July 23, 2019
Thick Sea Ice Blocks LNG Exports From Russia's Arctic Plant
Thick sea ice is impeding Arctic shipments of LNG from Russia's newly-built export plant in Yamal.
8:00 PM EST | June 20, 2018
Les Echos: Novatek CEO Says He Believes Total Will Join Arctic LNG 2
Total could join Novatek's second large-scale LNG project called Arctic LNG 2 in Russia.
8:00 PM EST | April 24, 2018
Russian LNG Exporter Warns Against 'Vilifying' Country's Gas
"We've been vilified for delivering gas to the market," said Novatek's CFO.
8:00 PM EST | March 15, 2018
RIA: Russia's Novatek To Launch Second Yamal LNG Line In September
Novatek will launch a second line at its Yamal LNG plant in September.
7:00 PM EST | January 30, 2018
Russia's Novatek Sells First Gas Condensate Cargo From Yamal LNG
Novatek sells first gas condensate cargo from Yamal LNG.
7:00 PM EST | January 28, 2018
Report: US May Get First LNG Import From Russia Despite Sanctions
A vessel that may be carrying liquefied natural gas from Russia's new Yamal LNG export terminal could be heading to the United States despite sanctions.
7:00 PM EST | January 08, 2018
RIA: Moscow, Riyadh Agree To Explore Aramco Taking Part In Novatek Project
Russia and Saudi Arabia have agreed to study the possibility of Saudi Aramco taking part in Novatek's Arctic LNG 2 project.
7:00 PM EST | November 12, 2017
Russia's Novatek Says Yamal LNG Seen Expanding By 1 Million Tonnes
Novatek plans to expand the Yamal LNG project by one more train.
8:00 PM EST | October 16, 2017
Russia's Novatek Recommends 1H Dividend Of 6.95 rbls Per Share
The board of Russia's largest non-state gas producer Novatek has recommended a first-half dividend payment of 6.95 roubles per share.
8:00 PM EST | August 24, 2017
Saipem Seen Getting Work In Novatek's Arctic LNG 2 Project
Saipem is likely to get a sub-contractor role in a new project to produce LNG in the Arctic by Russia's Novatek.
8:00 PM EST | July 23, 2017
Contest Launched Among Street Art Painters for Yamal LNG Tank Design
JSC Yamal LNG is holding a contest among street art painters and artists to determine a winning design for the Yamal LNG tanks, situated above the Arctic Circle in the Yamal Peninsula.
8:00 PM EST | April 19, 2017
Russia's Novatek Says 1Q Gas Output Down 8.8% YOY
Novatek says its natural gas output declined by 8.8% in the first quarter of the year compared to the same period in 2016.
8:00 PM EST | April 09, 2017
Russia's Yamal LNG Gets 750M Euros In Credit Line From Intesa
Russia's Yamal LNG project, which aims to start producing liquefied natural gas next year, said on Monday it had obtained a 14.5-year credit line worth 750 million euros ($796 million) from Intesa Sanpaolo bank.
7:00 PM EST | December 11, 2016
Japan's JBIC To Provide Loan To Novatek-Led Yamal LNG Project
Japan Bank for International Cooperation (JBIC) is set to provide a 200 million euro ($211 million) loan to the Yamal liquefied natural gas (LNG) project in Russia led by Novatek.
7:00 PM EST | November 23, 2016
Russia's Yamal LNG Gets First $1B Tranche From Russian Banks
Russia's Novatek-led Yamal liquefied natural gas project receives its first financing tranche of $1.13 billion from Russia's Sberbank and Gazprombank.
8:00 PM EST | June 09, 2016
Russia's Novatek Says Shareholders To Decide On $600M Loan For Yamal LNG
Novatek says its shareholders will decide on a new loan worth $600 million for the Yamal LNG project on June 20, according to Interfax news agency.
8:00 PM EST | June 08, 2016
Novatek Could Buy Out Shareholders Opposing Yamal Loan Deal
Novatek recommends buying back shares from those shareholders who do not approve external financing of its Yamal liquefied natural gas project.
8:00 PM EST | May 19, 2016
Russia's Novatek, Thai PTT Sign Memorandum on Upstream, LNG
Russia's gas producer Novatek and Thailand's largest energy company PTT sign a memorandum of understanding that foresees joint exploration and development of hydrocarbons and supplies of liquefied natural gas.
8:00 PM EST | May 17, 2016
Russian Tycoon Timchenko Transfers Novatek Stake To Volga Group
Gennady Timchenko transfers 13.2% of his direct equity stake in Novatek to Volga Group.
8:00 PM EST | May 11, 2016
Russia's Yamal LNG Signs $12B Of Loan Deals With Chinese Banks
Russia's Novatek-led Yamal LNG signs loan agreements with Chinese banks worth $10.6 billion and $1.5 billion, Yamal LNG says.
8:00 PM EST | April 28, 2016
Russia's Novatek Says Yamal LNG Unlikely To Get Chinese Loans In May
Leonid Mikhelson, the head of No.2 Russian gas producer Novatek, says the Yamal LNG project is unlikely to get loans from China next month.
8:00 PM EST | April 25, 2016
Russia's Novatek Says Yamal LNG Unlikely To Get Chinese Loans In May
The Yamal LNG project is unlikely get loans from China next month says Leonid Mikhelson, the head of No.2 Russian gas producer Novatek.
8:00 PM EST | April 25, 2016
Russia's Novatek Says Yamal LNG Debt Financing Seen at $18-19B
Total debt financing of the Novatek-led Yamal LNG project is estimated at $18-19 billion, says Novatek's chief executive.
8:00 PM EST | April 21, 2016
Novatek-led Yamal LNG Agrees on $4.1B Loan from Russian Banks
Russia's Novatek-led Yamal LNG project agrees on the terms of a $4.11 billion loan from Sberbank and Gazprombank.
8:00 PM EST | April 06, 2016
Russia's Novatek Sees 2016 Liquids Production Up 30%
Novatek expects its production of crude oil and gas condensate to increase by 30 percent this year, says the company's chief executive Leonid Mikhelson.
8:00 PM EST | March 21, 2016
Russia's Novatek Completes Deal to Sell Yamal LNG Stake
Russia's No.2 natural gas producer Novatek says it has completed a deal to sell a 9.9 percent stake in the Yamal LNG project to China's Silk Road Fund for $1.2 billion.
8:00 PM EST | March 14, 2016
Russia's Novatek to Launch 1st Yamal LNG Train with No Additional Financing
Russia's Novatek plans to launch its first Yamal LNG train in 2017, requiring no additional financing, according to an executive.
7:00 PM EST | March 09, 2016
Russia's Novatek Sees Yamal LNG Financing in 2-3 Months
Novatek expects its Yamal LNG project to secure external financing in the next 2-3 months, according to the Interfax news agency.
7:00 PM EST | March 08, 2016
Novatek Increases Total Proved Reserves
Novatek's total proved reserves increase to 12.817 million barrels of oil equivalent in 2015, from 12.643 million barrels of oil equivalent in 2014.
7:00 PM EST | January 25, 2016
Russia's Novatek Sees 2016 Capex Down to 40B Roubels
Russia's No.2 gas producer expects capital spending of $505 million this year, down on that for 2015.
7:00 PM EST | January 21, 2016
Novatek: Yarudeyskoye Oil Field Reaches Production Capacity
The Yarudeyskoye oil field in Russia reaches its planned production capacity of 9,700 tons (69,287 barrels) of crude oil per day.
7:00 PM EST | January 11, 2016
Novatek Says China's Silk Road Fund Provided 700M Euros to Yamal LNG
China's Silk Road Fund has invested $761 million in the Yamal LNG project, according to Russian oil firm Novatek.
7:00 PM EST | December 16, 2015
Russia's Novatek Swings to 3Q Net Loss on Rouble Devaluation
Russian's second largest gas producer, Novatek, swings to a third quarter net loss due to a weaker rouble.
8:00 PM EST | October 27, 2015
China to Lend $12B to Novatek-Led Yamal LNG
Chinese banks are expected to lend $12 billion to the Novatek-led Yamal LNG project, according to Novatek Chief Executive Leonid Mikhelson.
8:00 PM EST | September 10, 2015
Silk Road Fund to Obtain 9.9% Stake in Novatek's Yamal LNG Project
Novatek signs a framework agreement for China's Silk Road Fund to obtain a 9.9% stake in its Yamal liquefied natural gas project.
8:00 PM EST | September 02, 2015
Russia's Novatek to Sell 10% in Yamal to Chinese Fund
Novatek is close to selling a 9.9% stake in its Yamal liquefied natural gas project to a Chinese investment fund, Kommersant business daily reported on Monday.
8:00 PM EST | August 23, 2015
Russia's Timchenko Confident Yamal LNG will be Finished
Gennady Timchenko, co-owner of Russia's second biggest gas producer Novatek, is confident the Yamal LNG project will be finished.
8:00 PM EST | June 01, 2015
Total CEO: Funds for Yamal LNG to be Unblocked by End-2015
Total CEO says he expects funding for the $27-billion Yamal LNG project to be made available by lenders before the of the year.
8:00 PM EST | May 28, 2015
Novatek Co-owner Says CNPC Not Planning to Increase Stake in Yamal
Gennady Timchenko, co-owner of Novatek, says China National Petroleum Corporation is not planning to increase its stake in the Yamal LNG project.
8:00 PM EST | May 07, 2015
Russia's Novatek Says 1Q Net Profit Up 23%, Beats Forecast
Russia's Novatek boosts its first quarter profit by 23 percent thanks to rising sales and production.
8:00 PM EST | April 27, 2015
Russia's Novatek Says Weaker Rouble Slashes 2014 Profit
Novatek's 2014 net income more than halves due to a weaker rouble.
7:00 PM EST | February 26, 2015
Stakeholder: Quarter of Work Completed at Russia's Yamal LNG Project
Some 20-25 percent of Russia's liquefied natural gas project, Yamal LNG, has been built, the Russian energy ministry's press service cited a stakeholder as saying.
7:00 PM EST | February 05, 2015
Yamal LNG Inks Contract with Gazprom to Supply LNG to Asia Pacific
Yamal LNG inks 20-year agreement to provide liquefied natural gas to Gazprom for delivery to Asia Pacific, primarily India.
7:00 PM EST | January 25, 2015
RIA: Russia's Novatek Sees 2015 Gas Output Up 6%
Russia's Novatek sees its 2015 gas output increasing by six percent and its production of liquids more than 40 percent greater.
7:00 PM EST | January 22, 2015