Novatek PAO (NVTK.MM)
Latest Key Developments (Source: Significant Developments)
Moody's:Says onfirms Novatek OAO corporate family rating at Ba1, gives negative outlook. Full Article
Novatek OAO:Expects its production of crude oil and gas condensate to increase by 30 percent this year, Chief Executive Leonid Mikhelson told Rossiya-24 TV channel-Reuters.In Dec., Novatek started commercial production at the Yarudeyskoye oil field in northern Russia. Full Article
Novatek OAO:Says its board of directors had recommended a dividend payment of 6.9 roubles per share (69 roubles per GDR) for the second half of 2015.Including a previously payed interim dividend, the total payment for 2015 will reach 13.5 roubles per share, up 31 percent from 2014. Full Article
Novatek OAO:An explosion near an oil field operated by Russian natural gas producer Novatek killed one man and hurt two other people in Siberia's Yamal region on Saturday, Interfax news agency reported, citing regional emergency officials - RTRS.Interfax said the accident happened during exploration and blasting works near the Yarudeyskoye field, which started commercial production in 2015, according to Novatek's website.The field reached its planned production capacity of 9,700 tonnes of crude per day, which is equivalent to approximately 3.5 million tonnes per year, in January. Full Article
Novatek OAO:Novatek is not planning to raise gas production in 2016, but liquids production might grow 30%, the company's CEO, Leonid Mikhelson, told reporters - Interfax."There'll be substantial growth in liquids production this year as well. Last year we had record results - 51% growth, and this year it'll be 30%, but there'll be no growth for gas" he said. Full Article
MOSCOW, April 21 Novatek, Russia's largest non-state natural gas producer, is seeking to increase its resource base to stabilise gas output and keep its domestic market share steady, Leonid Mikhelson, head of the company, said on Friday.