Novatek
The LNG eldorado of Yamal Gydan Peninsula Novatek has huge reserves on the Gydan peninsula, namely the Geofizicheskoye and Utrenneye fields, which combined hold some 7 billion barrels of oil equivalent (boe) of C1+C2 reserves, which is comparable to those of South Tambeyskoye field, the base for Yamal-LNG. The Geofizicheskoye and Utrenneye fields may generate […]
CB&I and Foster Wheeler in competitive pre-FEED The two super giant companies Rosneft from Russia and ExxonMobil from USA have awarded contracts to the engineering companies CB&I and Foster Wheeler Energy from USA to perform the first phase of the front end engineering and design (pre-FEED) for their joined project of liquefied natural gas (LNG) […]
Russia Key Projects and Business Highlights In acquiring TNK from BP, Rosneft became this first half 2013 the world largest oil & gas and petrochemical company, ahead of ExxonMobil or China National Petroleum Corporation (CNPC or PetroChina) in term of revenues, thus sending the signal that Russia intends to stay clearly in the lead of […]
Rosneft and ExxonMobil to export LNG from Russia During a visit in April on the Sakhalin-1 facilities, Rosneft Chief Executive Officer Victor Sechin announced his intention to export liquefied natural gas (LNG) from Russia in joint venture with his partner ExxonMobil in Sakhalin-1 on the far east of Russia. Mr Sechin indicated that this Russia […]
Technip and JGC win Yamal LNG EPC contract The Russian Novatek and the international oil company (IOC) Total from France have selected, through their joint venture JSC Yamal LNG, the consortium made of Technip from France and JGC from Japan to build the liquefied natural gas (LNG) plant of their Yamal project. Located onshore, in […]
Eni, Total, Kogas and Novatek win exploration blocks On October 30th, Cyprus announced to award four permits out of the second licensing round initiated by the Cyprus Government in February 2012. For this second licensing round, Cyprus offered 12 blocks for auction to oil and gas companies to bid until end of May. From this […]
Gazprom and Novatek to boost Yamal giant fields development The Yamal Peninsula and the near by Gydan Peninsula concentrate among the biggest reserves of natural gas and condensate in the world. The exploration of the Yamal Peninsula and offshore area around has disclosed 11 natural gas and 15 oil, natural gas and condensate fields with approximately: – 16 trillion cubic […]
Sibur kicks off Russian largest petrochemical complex If Russia is among the biggest producer and exporter of oil and gas, Russia is also a net importer of petrochemical products. In the same way as Russia has multiplied strategic alliances with western companies, such as ExxonMobil, Statoil, ENI, Total to boost its upstream sector, Russia is also […]
