Russia Considering More Significant Changes to its Upstream Oil and Gas Fiscal Regime, says GlobalData
LONDON, UK (GlobalData), 10 September 2014 – Russia’s upstream fiscal regime has undergone key changes in 2014, with a revamped Mineral Extraction Tax (MET) for gas fields and significant incentives introduced for offshore developments, and more important measures affecting oilfields may follow, according to research and consulting firm GlobalData. The …
Geological Exploration 2014 – Book Now!
Preparations for the upcoming conference “Geological Exploration 2014” are gathering momentum. Take part in the only event in Russia, supported by “Rosgeologia” and the Ministry of Natural Resources and Environment of the Russian Federation. SPEAKERS IN 2014: Sergey Donskoy, Minister of Natural Resources and Ecology of the Russian Federation …
Blue Water Shipping: Delivers Rig components to the Caspian Sea
Earlier this year, Blue Water Singapore was awarded the transportation of heavy and bulky rig columns and bracings for a semi-submersible rig from Singapore to Baku, Azerbaijan through the Russian river system. The full heavy-lift vessel “HHL Lagos” loaded four upper and four lower columns and bracings in early August. …
Gazprom Neft and Weatherford Sign Technology Collaboration Agreement
Gazprom Neft and Weatherford today announce the signing of a strategic cooperation agreement that will enable technology collaboration through frequent knowledge and information sharing. The experts of Gazprom Neft and Weatherford will jointly explore opportunities to determine the right technology solutions for the development and production of the oil fields. …
Surgutneftegas Increased Oil Production in Yakutia by 5,7%
In January-August 2014, Surgutneftegas produced 40,856.5 thousand tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 5,048.8 thousand tonnes, 5.7 % up versus eight months of the last year. In January-August 2014, overall gas production amounted to 6,176.9 million cubic meters. …
CNPC to pick up 10% of Vankor?
Chinese investors are to receive up to 10 percent in the Vankor cluster fields of northern Siberia, one of the biggest developed Russian oilfields and Rosneft’s biggest production asset. Russian President Vladimir Putin announced the plan at the construction launch of the Power of Siberia gas pipeline on 1 September, …
Kvaerner: Looking to Increase Productivity and Reduce Cost Levels
Kvaerner has during the first half of 2014 delivered several key oil and gas projects on schedule, won new key contracts and continued to implement cost reduction measures. The company’s Board of Directors is pleased with how Kvaerner has built a strong position as a competitive contractor recognized for its …
ROGTEC on the Road!
RDCR 2014, UOR 2014, NEFTEGAZ, 21st WPC and Caspian Oil and Gas Exhibition It has been an interesting summer for the team at ROGTEC Magazine, and as always we pride ourselves on ensuring that we have “boots on the ground” at all the key regional conferences and exhibitions. It must …
TNGG: APG Utilization at Russian Oil Fields
M. N. Gagarin (LLC TyumenNIIgiprogaz) In the Russian Market, there are almost no widely available cheap technologies to collect and process associated petroleum gas, or APG. Similar technologies and projects can be found abroad, but these can be very expensive and would also need to be adjusted to Russian climatic …
Application of Seismic Entropy to Increase Frac Efficiency
S.Akopyan, Schmidt Institute of Physics of the Earth of the Russian Academy of Sciences, RF, Moscow The seismic entropy method is currently used for earthquake forecasting. It enables us to show the seismic ranges of the geological environment which cause violent earthquakes and the formation of faults in an environment …