Russia Oil and Gas

Russian Government confirms “roadmap” for fuel and energy sector

The Government of Russia has confirmed a roadmap for fuel and energy sector until 2018. The appropriate document was published on the web site of the Government.
The roadmap is aimed at provision of the fuel-and-energy sector of Russia with high-tech equipment, scientific, engineering and innovative solutions. The implementation of the activities is planned in 2014-2018.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

LNG supply route from Yamal to be operated by a Japanese company

The large Japanese shipping company Mitsui O.S.K. Lines has decided to be the first in the world to open all-year-round regular transport supplies to the area of the Arctic Ocean. This enterprise will start working from 2018, the head office of Mitsui O.S.K. Lines said on July 9th.
Using the ice-breaking tankers of a special construction, Mitsui O.S.K. Lines will start to ship LNG to the countries of Europe and Eastern Asia which will be produced at the plant on the Yamal peninsula.
This project is now being promoted by Novatek in cooperation with Total. Mitsui O.S.K. Lines informed that the vessels will go to the countries of Europe all year round. This trip will take about 11 days.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Lukoil and Bashneft determined development plans of two JVs in Nenets Autonomous Area

A JV of Lukoil OJSC and Bashneft OJSC – “Oil company Vostok NAO” (Lukoil – 50%, Bashneft – 50%) has made a presentation of the development plan in the Nenets Autonomous Area. The press service of Lukoil reports.
The agreement on the forming a JV was signed by the companies-partners in March 2014.
There was also a presentation of the current status and perspectives of the project of another JV of Lukoil and Bashneft – Bashneft-polyus Ltd (Lukoil – 25.1%, Bashneft – 74.9%) which holds the license for the development of the Trebs and Titov deposits. The respective infrastructure at them and the production start were carried out within 2.5 years (2011-2013) – this is unprecedented for a project started in such a short period. On the results of 2013 the production volume made up almost 300 thousand tons of oil.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

The Court to study again the license for Trebs and Titov

The minority shareholder of Bashneft, R. Inozemtseva, has signed a claim against the company and Rosnedra demanding to re-issue the license for the Trebs and Titov deposits, a source familiar with the text of the claim said. Now the license is issued for Bashneft-polyus – a JV with Lukoil (its stake 25.1%) but not for Bashneft, RBC daily writes.
The claim was registered at the Moscow Arbitration Court on July 4th. The hearing is appointed on August 4th. Another minority shareholder, S. Proskuryakova, made a similar claim in March 2012. She managed to get the license re-issued for the head company – Bashneft. It took the company about 2 years to return the license for the JV. However, it was not an obstacle to start the production at these deposits in October 2013.
The tender for the right to develop the Trebs and Titov oil deposits in the Nenets Autonomous Area with the total reserves of 140 mln tons of oil was held by Rosnedra in late 2010. All large oil companies of Russia contended for the site, expect Rosneft, as well as ONGC (India). But Rosnedra accepted the application for participation in the tender only from Bashneft. The tender was proved void but the Government granted the license to the only candidate.
Bashneft cooperates with Lukoil at the new deposits. The latter has all the necessary infrastructure in the Nenets Autonomous Area. The company transferred the license to its 100% affiliate – Bashneft-polyus, 25.1% in which was sold to Lukoil.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Total’s general director opposes isolation of Russia as a gas supplier

Europe should think not about the reduction of its dependence on Russian gas, but about safety of its supplies, including the delivery options bypassing the Ukraine, general director of the French oil company Total ,Christophe de Margerie believes.
"This winter, we will have problems if it interruptions in supply take place and the cold weather comes - this is obvious," - de Margerie said in an interview with the Reuters.
"Can we live in Europe without Russian gas? The answer is no. Do we have any reasons to live without it? I think - and in this case I don’t defend Total’s interests in Russia, we don’t," - he added.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

SOCAR increases export of Azerbaijani oil from port of Supsa by 6.4%

In January-June 2014, SOCAR exported 1 452 574 tons of Azerbaijani oil, transported via the Baku-Supsa main oil pipeline, from the port of Supsa (Georgia).

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Mounting of flaring system’s pull heads is carried out at gas-processing plant Gazprom dobycha Orenburg

Mounting of flaring system’s pull heads has been carried out at gas-processing plant Gazprom dobycha Orenburg using helicopter, the company’s press centre reports.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Gus Valve Plant to launch new complex

In autumn of 2014, the production and mechanical complex of the Gus valve plant Gusar will start to produce large diameter pipe fittings for the oil and gas industry.
The solemn ceremony of the new complex's launch will take place at the plant (Gus Khrustalny) on September, 28th.
The installation of the first column of the industrial complex was carried out in March 2012. Currently the production of block (DN 50-800) and slide (DN 100-800) valves is mastered at the shop. Preparations to start the production of the following equipments is in the process:
- oilfield equipment (flush and discharge valves) and ball valves (DN 150-1000) for oil and gas companies;

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Ukrainian debt increases by $654.5 million to $5.15 billion

In June, the Ukraine imported 2 billion cubic meters of gas, Ukrtransgas reports on July 8. In June, the gas import increased 1.8 times.  

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

In H1, Tatneft invested 29 billion rubles to its group of companies

In H1, Tatneft invested 29 billion rubles into its group of companies, the CEO of the company, N. Maganov says at the oil summit in Karabash. Oil production increased by 54,000 tons to 12.9 million tons.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer