Tag Archive

KCA Deutag Wins $168m of New Drilling Contracts in Russia

KCA Deutag Wins $168m of New Drilling Contracts in Russia

July 15, 2019 No Comments

Global drilling and engineering contractor KCA Deutag (“KCAD”) is delighted to announce that its land drilling operation has won three new contracts in Russia worth approximately $168m. These contracts are for eight high performance land rigs, seven of which were previously built by Bentec, KCAD’s rig and oilfield equipment manufacturer. The first contract is with […]

Neste to sell its fuel retail business to PJSC Tatneft in Russia

Neste to sell its fuel retail business to PJSC Tatneft in Russia

July 5, 2019 No Comments

Neste Corporation has signed an agreement to sell its fuel retail business consisting of 75 fuel stations and a terminal in St. Petersburg region to PJSC Tatneft, one of the leading integrated oil and gas companies in Russia. The divestment has no impact on Neste’s Marketing & Services’ operations in Finland and the Baltic countries. […]

CNOOC Acquires 10% equity interest in Arctic LNG 2 LLC

CNOOC Acquires 10% equity interest in Arctic LNG 2 LLC

June 13, 2019 No Comments

CNOOC Limited (NYSE: CEO, TSX: CNU) announced that the Company and CEPR Limited(“CEPR”), a wholly-owned subsidiary of the Company, entered into a Share Purchase Agreement with Joint Stock Company Novatek (“JSC Novatek”) and Ekropromstroy Limited Liability Company(“Ekropromstroy”), a wholly-owned subsidiary of JSC Novatek, pursuant to which, CEPR shall acquire 10% equity interest in Arctic LNG […]

NOVATEK Creates a JV in China with Sinopec

NOVATEK Creates a JV in China with Sinopec

June 10, 2019 No Comments

During the official visit of the President of the People’s Republic of China Xi Jinping to the Russian Federation, PAO NOVATEK (“NOVATEK” and/or the “Company”), Sinopec and Gazprombank signed Heads of Agreement (“Agreement”) on establishing a joint venture to market LNG and natural gas to end-customers in the People’s Republic of China. “Chinese companies are […]

ROSATOM sign cooperation agreement on Arctic projects

ROSATOM sign cooperation agreement on Arctic projects

June 6, 2019 No Comments

ROSATOM and VTB have concluded the agreement on the cooperation to implement Arctic projects. The agreement was signed on the sidelines of the Petersburg International Economic Forum. Deputy Director General and Director of Directorate of the Northern Sea Route Vyacheslav Ruksha signed the agreement for ROSATOM and Vice President and Chairman of the Board of […]

Gazprom’s 8th corporate Fakel Festival

Gazprom’s 8th corporate Fakel Festival

May 15, 2019 No Comments

The opening ceremony for the final round of Gazprom’s 8th corporate Fakel Festival took place in Krasnaya Polyana, Sochi. The event brought together over 1,600 people representing 40 delegations from Russia, Belarus, Kyrgyzstan, and China. The Festival’s guests include delegations from Bolivia, France, Germany, Uzbekistan, and Vietnam. Over the course of three days, contestants will […]

Shell withdraws from joint Baltic LNG project with Gazprom

Shell withdraws from joint Baltic LNG project with Gazprom

April 11, 2019 No Comments

Shell is to withdraw from the Baltic LNG, its joint project with Gazprom after the Russian gas holding decided to change the concept of the project’s development, Cederic Cremers, Shell Russia Chairman, said. “Following Gazprom’s announcement on March 29 regarding the final development concept of Baltic LNG, we have decided to stop our involvement in […]

Total and Guanghui sign LNG Sale and Purchase Agreement

Total and Guanghui sign LNG Sale and Purchase Agreement

April 10, 2019 No Comments

Total and Guanghui1 have signed a long-term Sale and Purchase Agreement (SPA) for the supply of 0.7 million tonnes per year of liquefied natural gas (LNG) for a period of 10 years. The gas will be delivered to Guanghui’s regasification terminal in Qidong, Jiangsu Province, from Total’s global LNG portfolio. “We are delighted to start […]

Gazprom and Uniper discuss gas supplies and Nord Stream 2

Gazprom and Uniper discuss gas supplies and Nord Stream 2

February 15, 2019 No Comments

A meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Bernhard Reutersberg, Chairman of the Supervisory Board of Uniper, took place in Saint Petersburg where the parties discussed ongoing and future cooperation, including Russian gas supplies to Germany. It was noted that the amount of gas exports to the country was maintained at […]

Saipem Awarded new Onshore E&C contract

Saipem Awarded new Onshore E&C contract

December 19, 2018 No Comments

Saipem, in Joint Venture with Renaissance, a Turkish oil & gas services company, has been awarded a new Onshore E&C project in the Russian Federation worth 2.2 billion Euro overall. As leader of the JV, with a shareholding of 50%, Saipem’s portion of the total amount is therefore approximately 1.1 billion Euro. The contract has […]

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