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Bill for Novatek’s Arctic LNG-2 grows to $25bn
The cost of Russia’s gas major Novatek Arctic LNG-2 project has risen to around $25bn, or by 17% from the originally announced $21.3bn, Kommersant daily reported citing unnamed sources.
Russia’s FinMin considers Dubai oil price peg
Russia’s Finance Ministry is considering the idea of using Dubai oil blend as the reference for Urals blend fiscal calculations instead of Brent, Vedomosti daily reported citing the deputy FinMin Alexei Sazanov.
Naftogaz takes Russia to court in US over lost Crimean assets
Ukraine’s state-owned energy firm Naftogaz announced on June 23 that it had launched legal proceedings in the US with the aim of recovering $5bn from Russia to cover compensation for damages and lost property in Crimea.
Putin extends decree on measures to punish compliance with Western price caps
Russian President Vladimir Putin has signed a decree extending measures to punish entities that abide by Western price caps on the country’s crude oil and petroleum product exports.
Prates says Petrobras is gearing up to resume work on UFN-III plant
Jean Paul Prates, the CEO of Brazil’s national oil company Petrobras, says his company will resume work soon on a large-scale nitrogen fertiliser plant in Tres Lagoas.
Hidroelectrica listing to set off new wave of IPOs in Romania
Successful IPO of Romanian hydropower giant could lead to listings of Bucharest Airports, Constanta Port and salt monopoly Salrom, says portfolio manager of shareholder Fondul Proprietatea.
Former Rosneft president's company applies for Western Siberian licence
Russian oil firm Nyaganneft, a subsidiary of former Rosneft president Eduard Khudainatov’s NNK group, was the only company to take part in an auction for rights to the Lebyazhy oil block in Russia’s Khanty-Mansiysk region.
Azerbaijan, Iran, Turkmenistan see surge in gas swap volumes
The three-way gas swap agreement between Turkmenistan, Iran and Azerbaijan will see a 70% increase in volumes this year, the head of Iran’s national gas company Majid Chegeni has said.
Ocean Point, NFE begin carrying out STS LNG transfers at St. Croix docking facilities
New Fortress Energy (NFE) and Ocean Point Terminals have begun carrying out ship-to-ship (STS) transfers of LNG operations at the latter company’s docking facilities in St. Croix.
CIP to invest $350mn in South Korean offshore wind sector
Denmark’s Copenhagen Infrastructure Partners (CIP) has committed to investments of $350m in offshore wind projects in South Korea.
Indian coal use hurt by shocking SO2 numbers in CSE think-tank report
Analysts at the Centre for Science and Environment (CSE) in New Delhi have surmised that just 5% of India’s thermal coal plants meet satisfactory emission rates of sulphur dioxide (SO2).
Nigeria’s campaign to open fuel imports to private companies making slow progress
Nigeria's move to open the domestic fuel sector to private entities appears to be having a limited impact, as no private marketers have actually launched gasoline imports yet.
EPCs awarded for Amiral development
Iran looks to start shared field development amid criticism
Iran has announced plans to press forward with a shared oilfield development amid criticism about a lack of progress
Tamboran secures initial agreements with BP and Shell for Northern Territory LNG project
Australian independent gas company Tamboran Resources has revealed that it has reached initial agreements with Shell and BP as offtake partners at its proposed Northern Territory LNG (NTLNT) project Argus Media reported on June 23.
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