Latest Oil and Gas News Russia

NEWS

Lukoil technique recognized as one of Russia's best inventions
LUKOIL specialists were awarded a diploma by the Federal Service for Intellectual Property, Patents and Trademarks (Rospatent) in the nomination "Russia's 100 Best Inventions". The diploma was awarded for RF patent No. 2335628 on invention of the technique for "local directional hydraulic reservoir fracturing at oil or gas fields".

The team of inventors includes: Dzhevan Cheloyants, OAO LUKOIL Vice President, Head of the Main Technical Division, Mikhail Vyatchinin, Deputy Head of the Main Division of Oil and Gas Production, Vladimir Titievsky, Head of the Division of Oil Production, Yuri Ikonnikov, Head of the Oil Production Section, and Robert Ramazanov, Head of the Oil Production Servicing Section.

The technique is aimed at production enhancement of oil, gas and gas-condensate fields and, particularly, of mature fields characterized by high water production and occurrence of lost-circulation and blind zones which are insusceptible to application of common production techniques.

Kamennoye Progress Pleases TNK-BP
TNK-BP says its Kamennoye field one of the oldest in west Siberia and only a decade ago widely viewed as impossible to develop - should soon provide a big boost to output growth. Development of the 2bn bl field in the Khanty-Mansiyisk district is one of three projects on which TNK-BP is focusing this year, the others being the Uvat and Verkhnechonsk greenfields. The firm says making crude extraction from Kamennoye economically viable was particularly challenging as the geology is more complicated than at any of its more recent developments.

Since 2004, TNK-BP has invested $600mn in Kamennoye and plans to invest $700mn more in 2009- 13, including $250mn this year.

Gazprom grabs 20% of Sakhalin-1 gas
The Sakhalin-1 consortium reportedly has agreed to sell 20% of the natural gas extracted from the project to Russian monopoly Gazprom. US supermajor ExxonMobil operates Sakhalin-1, on the Russian Pacific coast island of the same name, in cooperation with Russian state oil firm Rosneft, Japan's Itochu, Japanese outfit Marubeni and India's ONGC.

Gazprom has long said it needs the gas produced at Sakahlin-1 to cover domestic needs, while ExxonMobil has long-stated it is looking for the best price, though has eyed major importer China for some time. The project has been producing oil for several years and reached peak production of 11.2 million tonnes in 2007.

Roxi duo pass the test
Kazakhstan-based oil explorer Roxi Petroleum has successfully tested two wells in central Kazakhstan. The company said it estimated reserves of 13 million barrels of C1 and 5 million barrels of C2. Roxi said the average daily test production from the NW Konus field is 1000 barrels of oil per day.

Russia and Serbia prime gas pact
At the time of going to press, Serbia's gas monopoly Srbijagas and Russia's Gazprom were expected to sign a agreement, to develop an arm of the South Stream gas pipeline. The deal, will allow Serbia to diversify its gas supplies and avoid shortages.

"The Serbian arm of the pipeline will have annual capacity of 20 billion cubic metres of gas and will be about 450 kilometres long," Bajatovic told the news agency. Last December, Serbia and Russia finalised a bilateral energy pact, with Belgrade agreeing to sell a 51% stake in its oil monopoly NIS to Gazprom Neft for $400 million ($544.6 million) in exchange for an arm of the South Stream gas pipeline and the completion of the Banatski Dvor gas storage.

The South Stream has been designed to bypass Ukraine and transport Russian gas under the Black Sea to Bulgaria and onwards to Serbia and Europe.

Nabucco engineers get to work
Nabucco pipeline engineers have begun detailed planning along the gas route between the Caspian region and Europe, taking the project into its next phase, the Vienna-based consortium announced. The consortium's engineers in Austria, Hungary, Romania, Bulgaria and Turkey will help prepare for negotiations with gas suppliers and enable local approvals for the project, which plans to pump gas through 3300 kilometers of pipeline from 2014.

The project has gained impetus following the gas price row between Russia and transit country Ukraine in January, which left over a dozen European countries without gas for two weeks. But funding, the sourcing of natural gas and some disagreement between consortium members have also weighed on the project, which has had to push back some of its target dates, a Reuters report said.

The European Union's agreement in Prague last week to smooth the way for more gas imports from the Caspian region was an "important political milestone" for the project, consortium head Reinhard Mitschek said in a statement.

TNK-BP Appoints Executive Vice President, Technology
TNK-BP announces that Francis Sommer has been appointed Executive Vice President, Technology of the TNK-BP group of companies.

Francis has been with TNK-BP since 2005, as Vice President, Technology. He has played an important role in technology transfer to TNK-BP, and has been instrumental in establishing a consistent approach to the evaluation and quantification of reserves across TNK-BP's asset base. He joined TNK-BP following a successful and varied petro-technical career of almost twenty years in BP, in the UK, USA and Colombia.

Japan and Russia to co-develop oilfields
Japan and Russia plan to sign an agreement, as early as today, to jointly develop oilfields in Eastern Siberia. It has been reported that the agreement will involve two oilfields in central part of the Russian region of Irkutsk.

The project will be led by a joint venture between Japan Oil, Gas and Metals National Corporation, or JOGMEC, and Irkutsk Oil. The Japanese government-owned company is expected to take a 49% stake and the Russian partner the remainder. With the goal of starting full-scale production as early as 2013, the joint venture will kick off survey and drilling in 2010 or later.

Sibir Appoints Chief Executive Officer
Sibir Energy announce that Mr Stuard Detmer has been confirmed as the Chief Executive Officer of Sibir. His experience in a senior management role within the Company since 2003 will ensure effective management continuity for the Company.

Total readies Shtokman tenders
French giant Total said recently that the Shtokman development partners were poised to launch the first round of tenders for the massive Barents Sea gas development, adding that it was "too early" to give an estimate for final project costs.

Total's Shtokman planning manager Philippe Rondy said: "Once the first tender bids are in place we will be in a position to talk about capital expenditure estimates. I expect this will be by the end of this year."

He said the Shtokman partners see the credit crunch as an opportunity to make cost savings, pointing out that the cost of steel has dropped since front-end engineering and design (FEED) work got under way in December 2007.

Plans for first pipeline gas deliveries in 2013, with the first liquefied gas cargo scheduled for 2014 remain in place he said with "The main technical solutions decided".

"We are opting for an ice-resistant floating production unit, and are planning to produce from 20 wells via three subsea templates."

Aker Solutions bags Sakhalin-1 gig
Norway's Aker Solutions is primed to build the Arkutun-Dagi gravity base structure (GBS) for the Sakhalin-1 project in Russia after receiving a contract award from operator Exxon Neftegas. Aker Solutions estimates the value for services could total $600 million over the next three years.

Once completed, the GBS will lie off Sakhalin Island on the east coast of Russia and will be a part of the drilling and production facilities for the Arkutun-Dagi development, a future phase of Sakhalin-1.

Transneft sees steady Russian output
Russian oil pipeline monopoly Transneft expects the country's crude production to remain stable this year, despite the economic slowdown, and will receive the first tranche of a $10 billion Chinese loan by the end of May, company president Nikolai Tokarev recently anounced.

"Volumes will stay at practically the same level," Tokarev told Reuters. Transneft is well-placed to calculate Russian oil production due to the orders it receives from producers to fill its pipelines. Tokarev said output would increase by 2012, although perhaps at a slightly slower rate than envisaged last year.

Russia's Surgut almost triples profit
Russia's fourth-largest oil company Surgut said its net profit almost tripled in the first quarter from the fourth quarter of 2008. The company said today that its net profit to Russian Accounting Standards stood at 68.79 billion roubles ($2.07 billion), up from 23.79 billion in the previous three months.

The company did not give a reason for the profit increase. Many Russian oil companies say their profits have recovered following a loss-making fourth quarter after oil prices stabilized and the Russian government cut oil export duties.

D&F Group takes a new name and becomes Beerenberg
The D&F Group has recently changed its profile, and will from now on conduct its business under the brand name Beerenberg as a consequence of the new ownership structure in 2006 and acquisition of Bjørge Norcoat in 2007, with the ambition for big growth internationally in 2009.

The name has been chosen that best fits the associations of the our company and services. Mount Beerenberg on the arctic island of Jan Mayen is Norway's only active volcano, and it is also the most northern, active volcano in the world. It is truly an extreme environment, much like the surroundings that the company have to face, and counter the effects of, on a daily basis.

PetroChina to boost storage for Russian oil
PetroChina's largest Daqing oilfield will add eight large crude oil storage tanks by 2010 after having installed two such tanks for offloading Russian oil. The 10 tanks alone, with planned capacity of 150,000 cubic metres each, will boost Daqing's crude oil storage capacity by nearly 10 million barrels, as China is set to ship in more Russian oil following the recent oil-for-loan deals between the two countries.

China agreed this month to lend $10 billion to Russian oil pipeline monopoly Transneft and another $15 billion to state-run oil major Rosneft in exchange for supplies via pipeline shipment of 300 million tonnes of Russian oil over 20 years.

The planned pipeline that will be used to transport Russian oil ends at the Daqing oilfield. China currently gets most of its Russian oil supplies via rail.

Oil production at Daqing, China's top oilfield by output, has been on a decline after decades of extraction.

ATR Group expands operations in Baku
ATR Group is unveiling an expanded offering in the Caspian, with a growing staff base in Baku alongside further cash investment in equipment serving the region. Aberdeen, Scotland-headquartered ATR made a major push into Azerbaijan in 2008, when it acquired Bridon International and is again developing its business with a stand at the Caspian oil show in June.The firm's Baku operation is now being led by highly experienced operations manager Malcolm Fox, who arrives as country manager with nearly 20 years experience in the oil and gas industry.

ATR director Robert Skidmore said: "Our work in the Caspian is developing apace and the addition of Malcolm Fox to our team gives our clients in the region access to a leading expert in his field.

EAGE St Petersburg 2010
The European Association of Geoscientists and Engineers (EAGE), joint with the Eurasian Geophysical Society (EAGO), will hold the 4th International Geosciences Conference and Exhibition "Saint Petersburg 2010, New discoveries through integration of geosciences". The conference will take place April 5-8, 2010 at the International Business Center in Saint Petersburg. More then 500 geosciences specialists are expected to visit the conference. The extensive scientific programme, including simultaneous work of several disciplines, will include workshops and courses from leading scientists. The exhibition will allow the opportunity to become more acquainted with the latest exploration and production technologies. Join us in Russia!

More information about the event: http://www.eage.org/

Labels: Aker Solutions, ATR Caspian, EAGE St Petersburg 2010, Gazprom, Lukoil, Nabucco, Roxi Petroleum, Russian oil gas news, Sakhalin, Shtokman, Sibir Energy, Surgut, TNK BP, Transneft, Uvat

posted by The Rogtec Team @ 10:48 

0 Comments:

Post a Comment

<< Home