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30.01.2014 Total to participate in Novatek LNG plant construction in Russia’s Yamal

French energy giant Total is set to participate in a project to build a second LNG plant of Russian second largest gas producer Novatek in Russia’s Arctic autonomous region Yamal, President of Gas& Power, Total, Philippe Sauquet, told Itar-Tass on January 29.

29.01.2014 Russia’s Novatek to spend less on Yamal LNG project

CNPC will be the main financier of the Yamal LNG project after buying 20% of shares from Novatek. In the meantime, Novatek continues to look for new partners to buy another 10% of Yamal LNG.

29.01.2014 More foreign investment coming for Russian Arctic developments

Western oil companies are sponsoring the exploration of Russian Arctic waters, and the grand Yamal LNG project gets the lion’s share of investments from French and Chinese partners, Barents Observer said on January 28.

28.01.2014 Uganda finalizes talks with foreign oil companies

Uganda's government says it has finalized negotiations with foreign oil companies exploring in the country, clearing the way for to start commercial crude production, AP reported on January 27.

22.01.2014 OMV, Total, Repsol complete 3D seismic survey offshore Bulgaria

The joint venture partners in the 1-21 Han-Asparuh exploration block, offshore Bulgaria, consisting of OMV 30% (currently operator), Total 40% (operator for the drilling phase) and Repsol 30%, completed the largest 3D seismic acquisition campaign in the entire Black Sea

15.01.2014 Iran sets conditions for oil contracts with Western majors

Giant oil companies such as Shell and Total need to use the full capacity of Iran's domestic manufacturers in order to carry out projects in the country's oil and gas sector, Deputy Oil Minister Emad Hosseini said on January 14, Trend has reported, citing the Mehr News A

09.01.2014 UAE takes charge of big oilfields as western majors' deals expire

Abu Dhabi will take full control of the UAE' biggest oilfields when its decades-old venture with four western oil giants ends this weekend, while it weighs new partnerships that could include its long-term collaborators or Asian newcomers, Reuters reported on January 8.

08.01.2014 Oil companies interested in Uganda’s Albertine Graben basin

The Ugandan government said it received 10 applications from energy companies looking to take advantage of the reserves in a single basin, UPI reported on January 7.

08.01.2014 Total restarts offshore exploration in Libya

After a three-year break, Libyan offshore exploration has again restarted, Libya Herald reported on January 6.

19.12.2013 Russian Novatek Makes Investment Decision on Yamal LNG

Novatek announced on December 18 that the Board of Directors of Yamal LNG approved a final investment decision (“FID”) for the Yamal LNG project, consisting of the development of the South-Tambeyskoye gas condensate field and the construction of a natural gas liquefactio