Leonid Mikhelson, the head of Russia's Novatek said on Jan. 25 that LNG from the United States as its chief threat, Interfax news agency reported.
He said, according to Interfax, that LNG production in the U.S. enjoys cheap financing, while LNG production in Russia has a competitive edge thanks to its low production costs.
Qatar is the world's biggest LNG producer.
Energy companies are flooding Europe with U.S. natural gas, establishing a foothold in a market dominated by Russia and seen as a key battleground in Washington's efforts to curb Moscow's energy influence.
The giant Marlim cluster has four fields—Marlim, Voador, Marlim Leste and Marlim Sul—producing 217,000 barrels of oil per day.
Norway's BW Offshore has won approval from Brazil's antitrust watchdog Cade to buy the Maromba field offshore in the Campos Basin from Petrobras and Chevron.
Karoon Energy Ltd. aims to boost production by more than 60% at an oilfield it is purchasing from Petrobras, as the independent Australian firm dramatically expands its operations in Brazil, an executive said on July 25.