Lebanon’s first exploration well fails
Total’s well offshore Lebanon has failed to find a reservoir in the Tamar formation, which was the exploration target.
Novatek
Sovcomflot lines up cash for Arctic LNG 2 carriers
Sovcomflot has signed an agreement on lease financing with VEB.RF Group, for the first of a series of icebreaking LNG carriers (LNGCs) that will serve Arctic LNG 2.
Yamal LNG shipping venture cleared from US sanctions
A Teekay and COSCO joint venture operating LNG tankers serving Yamal LNG has been cleared to resume operations.
GECF concerned as sanctions threaten Yamal LNG expansion
The Gas Exporting Countries Forum (GECF) has expressed “deep concern” about sanctions in the gas sector, the group has said after a meeting in Moscow.
Japanese backers for Novatek’s transhipment plans
Novatek has signed deals with Mitsui OSK Lines (MOL) and the Japan Bank for International Co-operation (JBIC) on its LNG transhipment projects.
McDermott wins contract for Arctic LNG 2 project in Russia
Engineering services firm McDermott International has won a contract to help deliver a major liquefied natural gas (LNG) project in Russia.
TechnipFMC wins contract worth £6.1billion for Russian LNG project
TechnipFMC has won a major contract with Russia’s Novatek worth £6.1billion.
Total enters Russian LNG project with Novatek deal
French oil major Total will buy 10% of the Arctic LNG 2 project in Russian from Novatek.
Total snaps up 10% stake in Russian LNG project
Total has struck a deal to buy a 10% stake in the Arctic LNG 2 project in northern Siberia.
Total enters exploration block close to Lebanon-Israeli border dispute
French energy giant Total has entered into an oil and gas field in close proximity to the Israeli-Lebanese border dispute in the Middle East.
Russia begins production on second liquefied natural gas plant
Russia today began production from the Yamal LNG project, the country's second liquefied natural gas (LNG) plant.
NOVATEK signs LNG deal CNPC
NOVATEK has signed a LNG deal with the Chinese National Petroleum Company (CNPC).
Novatek signs memorandum of understanding for creation of Murmansk yard
Russia’s largest independent natural gas producer Novatek has signed a Memorandum of Understanding for the creation of a centre for the construction of large-scale offshore structures in Murmansk.
Russia’s Novatek to sell 10% in Yamal to Chinese fund
Russia's second-biggest gas producer Novatek is close to selling a 9.9 percent stake worth an estimated $900 million in its Yamal liquefied natural gas project to a Chinese investment fund, Kommersant business daily reported on Monday. The deal may close in the coming weeks, the daily quoted three sources familiar with the talks as saying. It quoted one of source as saying the buyer was China's infrastructure fund Silk Road.
Russia’s Novatek net profit up 31% to $700M
Novatek, Russia's No. 2 gas producer, made second-quarter net profit of 41.9 billion roubles ($703 million), up 31 percent year-on-year on stronger sales, it said on Wednesday. Analysts had expected the firm to post 38 billion roubles in quarterly net profit. The company said its revenues were at 112.2 billion roubles, up from 88.4 billion roubles in the same period last year.