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Regional Report: The Arctic

Mike Slaton, Contributing Editor

In the Arctic Circle, oil and gas interests are often a study of polar opposites. To some it looks like riches; for others, potential ruin.

Baker Hughes meets key performance milestone for Novatek’s Arctic LNG 2 project

Baker Hughes announced the completion of the First Engine to Test (FETT) for the LM9000 aeroderivative gas turbine. The test took place at the company’s advanced turbomachinery testing facilities in Florence and Massa, Italy.

The oil-price war Russia helped create complicates their Arctic plans

Oil’s freefall amid a deepening price war and a global pandemic threatens to complicate Russian efforts to turn the Arctic into a major new energy zone.

Regional Report: The Arctic

Mike Slaton, Contributing Editor

Dancing on melting ice

Novatek eyes LNG cargo transfers should tanker sanctions last

Russia’s biggest liquefied natural gas producer expects to be able to mitigate any impact should U.S. sanctions on China prevent it from using a third of its fleet.

McDermott JV awarded fab contract for Arctic LNG 2 Project

Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd in Qingdao, China, has been awarded a contract to provide three complex modules for the Arctic LNG 2 Project in the Yamal-Nenets Autonomous Region in Russia.

Total and partners greenlight Russian Arctic LNG 2 project

The project will have a production capacity of 19.8 MM tons per year and is expected to export its first LNG cargo by 2023, the second and third train to start up by 2024 and 2026.

TechnipFMC scores $7.6-billion contract for the Arctic LNG 2 project in West Siberia

TechnipFMC has been awarded a $7.6-billion EPC contract by Novatek and its partners for the Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia.

Russia's new icebreakers carve path for oil and gas shipping

Last weekend, Russia launched the last of a new crew of atomic icebreakers meant to consolidate the country’s dominance of commercial traffic in the Arctic. As much of the rest of the world recognizes climate change as an emergency, Russia is working hard to capitalize on it — and the U.S. appears to be far behind.

CNOOC Limited signs agreement with JSC Novatek for the Arctic LNG 2 project

CNOOC Limited has announced that the company has signed a heads of agreement with JSC Novatek, a Russian gas producer, for the acquisition of 10% interest of the Arctic LNG 2 project.

Nidec ASI to supply VFDS for $25.5 billion Arctic Lng 2 project

Nidec ASI, head of the Nidec Industrial Solutions business platform belonging to the Nidec Group, signed last month with Siemens Gas and Power , a multi-million euro contract, for the supply of Variable Frequency Drives Systems (VFDS) and Motors for the Arctic LNG 2 project which will be used as part of the Natural Gas (LNG) liquefaction plants located in the Yamal peninsula in Arctic Russia.

Total signs definitive agreements for entry into Arctic LNG 2

Total announces that it has signed the definitive agreements with Novatek for the acquisition of a direct 10% interest in Arctic LNG 2, a major liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia.

Gazprom Neft strengthens its own Arctic fleet with a second icebreaker, the Andrey Vilkitsky

The Andrey Vilkitsky icebreaker, built as part of Gazprom Neft’s “Time of the Arctic” program, has been launched in St. Petersburg.