WorldOil Total takes 10% stake in Russia's Arctic LNG 2 from Novatek Total SA will take 10% stake in a multi-billion-dollar liquefied natural gas project in Russia’s frozen north from Novatek PJSC. China to get first Yamal LNG cargo as Russia says "thank you" Russia’s Yamal LNG, set to be the world’s biggest Arctic producer of liquefied natural gas, plans to send its debut cargo to China as thanks for its support. Saipem seen getting work in Novatek's Arctic LNG 2 project Italy's Saipem is likely to get a sub-contractor role in a new project to produce liquefied natural gas (LNG) in the Arctic by Russia's Novatek, one of Novatek's partners said. Saipem set for Arctic LNG 2 platform contract Russian gas producer Novatek is expected to select Italy's Saipem to build offshore platforms for its second liquefied natural gas (LNG) facility in the Arctic, four sources said. Low oil price hurts Norway's economic case for northern drilling Low oil prices mean drilling for oil and gas in an offshore zone between Russia and Norway will not bring the economic benefits Oslo had predicted, according to a report commissioned by two green groups that are suing the Norwegian state over its plans. Rosneft finds first oil field offshore eastern Arctic Russia's largest oil producer Rosneft said on Sunday it had found its first oil field in the Laptev Sea in the eastern Arctic, making a breakthrough in the search for hydrocarbons in the harsh and far-flung region despite Western sanctions. Gazprom Neft, State Marine Technical University partner in technology advancements Gazprom Neft has signed a strategic partnership agreement with the State Marine Technical University of St. Petersburg. The document is to support their joint development of domestic technologies to develop the Russian Continental Shelf. Gazprom Neft reports 5 millionth tonne of oil produced at Novoportovskoye field Total cumulative oil production at the Novoportovskoye field has now reached 5 million tonnes, the landmark tonne of crude being shipped by Gazprom Neft subsidiary Gazpromneft-Yamal on the Shturman Albanov tanker. Gazprom Neft drills first multi-hole "fishbone" well on Russian Arctic Shelf The first-ever, multi-hole “fishbone” well involving multiple horizontal branches has been drilled and commissioned at the Prirazlomnaya offshore rig — the only project on the Russian Arctic shelf at which commercial oil production is currently ongoing. Exxon won't get drilling waiver for Russia, Treasury Chief says Exxon Mobil Corp. won’t be allowed to bypass U.S. sanctions against Russia to resume drilling for oil in a joint venture that seeks to tap billions of barrels of that country’s crude.