In the first quarter 2021, NOVATEK’s hydrocarbon production totaled 158.1 million barrels of oil equivalent (boe), including 20.15 billion cubic meters (bcm) of natural gas and 3,129 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 7.9 million boe, or by 5.3% as compared with the first quarter 2020.

Novatek seeks to raise $11 billion in external financing and has said it planned to get the funds by the first half of this year.

The SPA stipulates the cumulative supply of more than three (3) million tons of LNG for a term of 15 years and will be delivered to LNG terminals in China on DES basis.

PAO NOVATEK released its audited consolidated financial statements for the year ended 31 December 2020 prepared in accordance with International Financial Reporting Standards (“IFRS”).

Novatek expects worldwide LNG demand to continue to grow even as countries decarbonise their energy systems.

NOV Inc. (NYSE: NOV) today reported fourth quarter 2020 revenues of $1.33 billion, a decrease of four percent compared to the third quarter of 2020 and a decrease of 42 percent compared to the fourth quarter of 2019.

Baker Hughes (NYSE: BKR) and PAO NOVATEK have signed a cooperation agreement aimed at reducing carbon emissions from natural gas and liquefied natural gas (LNG) production.

In 2020, NOVATEK’s hydrocarbon production totaled 608.2 million barrels of oil equivalent (boe),

Profit attributable to shareholders of PAO NOVATEK amounted to RR 13.2 billion

National Oilwell Varco, Inc. (NYSE: NOV) today reported third quarter 2020 revenues of $1.38 billion, a decrease of seven percent compared to the second quarter of 2020 and a decrease of 35 percent compared to the third quarter of 2019.