Posts Tagged ‘arctic’

Russia energy ministry mulls Novatek LNG export request

by on November 20, 2012 10:55 pm BST
Russia energy ministry mulls Novatek LNG export requestMOSCOW -- Russia's energy ministry is considering a request from Novatek  to grant an exception to Gazprom's  monopoly on LNG exports, Russian newswires quoted the energy minister saying it. The request is under consideration, but there's no final decision. We'll prepare the relevant recommendations by

Mixed results for Lundin with Snurrevad-Juksa probe

by on November 19, 2012 8:54 am BST
Lundin announced on Monday that it was currently completing the drilling of the 7120/6-3 S well which was aimed at proving the presence of hydrocarbons in Lower Cretaceous and Upper Jurassic reservoirs in PL 490.Its preliminary analysis of a cored section of the reservoir indicated thin oil bearing sands in an

Iraq ‘keen’ on Lukoil, CNPC for West Qurna bids

by on November 16, 2012 8:49 pm BST
A sale of the stake to either company would significantly strengthen the position of Russia or China in exploiting Iraq's oil reserves, the world's fourth biggest."During two separate meetings with executives from CNPC and Lukoil, Iraq informed the companies that it favours their contribution to purchase Exxon's share in

Novatek pact to break Arctic ice

by on November 12, 2012 1:32 pm BST
Rosatom will provide icebreaker support to liquefied natural gas carriers navigating the Northern Sea Route that will serve Novatek’s LNG plant on the Yamal Peninsula under the pact, which will include a long-term services contract of at least 15 years.Novatek, Russia’s largest privately owned gas producer, is expanding and