Sakhalin-2 is Ready to Become a Center of Competence for Integrated Field Development
On September 27, on the sidelines of the Far Eastern Energy Forum “Oil and Gas of Sakhalin – 2023”, a plenary session “The Far East: New Prospects for the Oil, Gas and Energy Sector” was held. The key event of the first day of the conference brought together representatives of …
Production at the Sakhalin-1 and Sakhalin-2 Projects Has Been Fully Restored
Production at the Sakhalin-1 and Sakhalin-2 offshore projects has been fully restored, Governor of the Sakhalin Region Valery Limarenko told reporters on Monday. “Production at Sakhalin-1 and Sakhalin-2 has fully recovered, this is the main joy that we have over the past month, we have received important information. We expect …
Russian Oilmen Increased the Commissioning of Oil Wells in April by 16.5%
The commissioning of new oil wells in Russia in April 2023 increased by 16.5% compared to April last year and amounted to 627 wells. This was reported by two sources of Vedomosti, familiar with the statistics of the Ministry of Energy. The growth rate for vertically integrated oil companies (VIOCs) …
TMK: Announces 3Q and 9M 2021 IFRS Results
PAO TMK, a global leader in steel pipe production and one of the world’s leading suppliers of tubular products for the energy and industrial sectors, today announces its interim consolidated IFRS financial results for the nine months ended September 30, 2021. While analysing these financial statements, it is important to …
TMK Qualified to Supply Line Pipes for Sakhalin-2 project
Pipe Metallurgical Company (TMK) has successfully passed Sakhalin Energy’s qualification for the supply of linear oil and gas pipes for the transportation of hydrocarbons within the Sakhalin-2 project. Pipes produced by the Volzhsky Pipe Plant (VTZ), which is part of TMK, will be able to be supplied for onshore and …
Sakhalin Energy Uses the First Russia Manufactured Downhole Drilling Motor in Project History
For the first time in the history of Sakhalin-2 field development Sakhalin Energy used a downhole drilling motor (DDM) manufactured in Russia. More than a thousand metres has been drilled using this motor in the PA-B well. The successful application of this equipment has become yet another step towards increasing …
Gazprom and Shell Expand Cooperation
Today, PJSC Gazprom and Shell concern signed a Strategic Cooperation Agreement for a period of five years. The signing ceremony took place via video conference in the presence of Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beerden, Chief Executive Officer of Royal Dutch Shell plc. The signed document …
10 Years Ago Russia’s First LNG Plant Was Launched
The Sakhalin-2 liquefied natural gas (LNG) plant, operated by Sakhalin Energy, was launched in February 18, 2009. In 2010, it reached its full design capacity – 9.6 mln tonnes of LNG per annum. In the years that followed, an ambitious debottlenecking programme helped increase its output capacity by 20%. This …
Shell Says Talks Over Gazprom Asset Swap Suspended
Talks about a possible asset swap deal between Royal Dutch Shell and Gazprom have been suspended, Kommersant business daily reported on Wednesday, citing Cederic Cremers, head of Shell’s business in Russia. The memorandum on the possible asset swap was signed in 2015 and was seen as a coup for Gazprom …
Gazprom and Shell Review Progress of Joint Projects
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 the state and prospects of strategic cooperation in the gas sector. Particular attention was paid to joint efforts in the liquefied natural gas (LNG) segment, especially the …