Italy’s Saipem joins Arctic LNG 2 construction

05/08/2019 08:46 LNG


Italian oil and gas industry contractor Saipem announced Friday it will join the joint venture constructing the Arctic LNG 2 project, Kallanish Energy learns.

The project involves construction of three liquefied natural gas trains, each with a capacity totaling 6.6 million tons per annum (Mtpa), using Siberian gas.


Saipem entered an agreement with contractors Technip France SA and NIPIgaspererabotka, whereby its share in the project will be $2.4 billion, out of the total $7.6 billion contract value.


The project is led by Russian gas producer Novatek, which owns 60% of the project. The remaining interest is held by French supermajor Total, Japanese companies Mitsui and Japan Oil, Gas and Metals National Corp. (Jogmec), state-owned China National Petroleum Corp. (Cnpc) and China National Offshore Oil Corp. (Cnooc), which each bought 10% earlier this year.


Total Eren to build 100-MW solar farm in Uzbekistan

18/09/2019 08:50:00

Paris-based independent power producer Total Eren on Friday signed an agreement to invest up to EUR 150 million (USD 166m) in the construction of a solar photovoltaic (PV) power plant in the Republic of Uzbekistan.


US, Russia eye potential nuclear power project in Slovenia - PM Sarec

18/09/2019 08:47:00

Investors from the US, Russia and other countries are interested in the potential construction of a second unit at Slovenia's Krsko nuclear power plant, prime minister Marjan Sarec has said.


Gas discovery in the Norwegian Sea

18/09/2019 08:41:00

Equinor and its partners AkerBP and Wellesley Petroleum have found gas in the Ørn exploration well south-west of the Marulk field in the Norwegian Sea.