Russia's Novatek discovers new gas field

Yamal LNG operator Novatek said its Arctic LNG 3 unit confirmed the discovery of a new natural gas and gas condensate field at the North-Obskiy license area located in the shallow waters of the Ob Bay. The North-Obskoye field has …

NOVATEK and Saudi Aramco agree on cooperation

Russia's NOVATEK signed a Memorandum of Understanding (MOU) with Saudi Aramco, the Saudi Arabian National Oil Company. According to the MOU, the parties agreed to collaborate internationally on natural gas projects, including LNG …

Russian oil firms discussed output cuts

Russian companies support Energy Ministry proposals to cap oil output as part of a global deal, a ministry spokeswoman said on Wednesday as Moscow prepares to finalize the agreement with OPEC and other producer nations this weekend, Reuters …