LUKOIL and Uzbekneftegaz Sign Memorandum of Understanding
President of LUKOIL Vagit Alekperov and Acting Chairman of the Board of Uzbekneftegaz Bahrom Ashrafhanov signed a memorandum of understanding, in Tashkent, Uzbekistan, today. The signing ceremony was part of the Russo-Uzbek negotiations, with Russian Federation President Vladimir Putin and the Republic of Uzbekistan President Shavkat Mirziyoyev taking part. According …
Shtokman: Onstream by 2035 via Pipeline or LNG?
Russia has really warmed up to the idea of becoming a competitive player on the LNG market, as we have established several times, largely thanks to the Yamal LNG project. On the waves of success, the Russian Energy Ministry is now putting forward its own agenda – during the latest session …
SamaraNIPIneft: Developing SAGD Technology for Heavy Oil
Specialists of SamaraNIPIneft LLC (part of the Rosneft Corporate Research and Development Complex) have developed a technology for the development of deposits of high-viscosity oil, which consists of additional drilling of an injection well with thermal effects on the formation. This solution allows to achieve a 30% increase in the …
Rosneft: Erginsky Cluster Production Exceeds 6,000 Tons a Day
Rosneft Oil Company has reached the level of production of more than 6 thousand tons of oil per day at the Erginsky cluster of fields. On January 1 2018. the indicator of oil production was 2,250 tons, an increase from the beginning of the year amounted to 285%. The cumulative …
LUKOIL: Starts Rakushechnoye Facility Construction
As part of his working visit to Astrakhan, President of LUKOIL Vagit Alekperov, jointly with Head of the Astrakhan Region Sergey Morozov, took part in the official groundbreaking ceremony to mark the start of construction of infrastructure facilities of Rakushechnoye field. This is the Company’s third large project in the Caspian Sea …
Kazakhstan: 9M Production Up 6.6% yoy
Oil production in Kazakhstan in January-September amounted to 57.629 million tons, which is 6.6% more than in the same period of 2017. This was reported in the statistics committee of the National Economy Ministry. In the reporting period, gas condensate was produced in the amount of 9.719 million tons (a …
Russian Oil Production: October Hit 11.4 million barrels per day
Oil production in the Russian Federation in October reached 1.554 million tons per day, or 11.4 million barrels per day. This was reported in industry statistics. This is about 453 thousand barrels per day more than Russia’s obligations under the transaction to limit OPEC and non-OPEC countries. In addition, this …
PGS: Waste Plastic Collection Concept – Encouraging Feasibility Study
The PGS plastic collection concept may be valuable in certain areas and during seasons or events when plastic densities are high. Next step is to seek funding for a full-scale pilot test. In 2017[1], PGS launched a concept for collecting plastics at sea that uses the inherent capabilities of seismic …
Urals Energy: Unapproved Loan Update – Board Requests Loan Repayment
Further to the announcement made on 10 October 2018, Urals Energy, the independent exploration and production company with operations in Russia, provides the following update on the actions that were previously carried out by Mr S Kononov, without the knowledge or approval of the Board. Mr Kononov is the president …
Gazprom and Shell Discuss Next Steps in Baltic LNG Project
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, took place in St. Petersburg today. The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED). Alexey Miller and …