Russia Oil and Gas

BP will not join Nord Stream

AAR has blocked the partnership of BP and Gazprom.
BP still hopes to become a strategic partner of Gazprom. After the failure with Rosneft at the shelf BP has tried to join the project of Gazprom on the construction of a new branch of the Nord Stream gas pipeline. However, this time the plans of BP have again been broken by the Russian owners of TNK-BP. They didn’t allow BP to participate in the Nord Stream by passing the shareholders agreement of TNK-BP. BP didn’t want to follow the approved procedure, i.e. to offer the Russian oil company to join the project. Read more »

Russneft to prune investments to $500 million per year

At the same time, this year the company maps out to increase the production by 1 million tons.

  Read more »

Gazprom and Wintershall can sign a writtens obligations on the exchange of assets in November

The Russian gas holding  “Gazprom” and German “Wintershall” will sign  written obligations, as to an exchange of assets, in November. The deputy head of the holding A.Medvedev stated at then St Petersburg International Ecomomic Forum.

“We hold negotiations now. Binding agreements might be signed in November,” he said.

The deputy head of Gazprom added that a sphere of the assets might be defined earlier. “It will happen before the end of the  Football Championship,” Medvedev added. Read more »

Gazprom prefers LNG supplies to Japan, not pipeline construction

Gazprom still regards it a priority to supply gas to Japan as LNG, not via pipeline, the Deputy Chairman A. Medvedev says. They will analyze the pipeline variant, only after admission of the verdict for provision with LNG; they are the third stage of Sakhalin 2 and the plant in Vladivostok. The volume of exports from these objects can be 10-25 million tons, including 5 million tons from the third stage of Sakhalin 2. Investment study for the plant in Vladivostok, and the preliminary study for the third stage can be ready before the end of the year. The Deputy Chairman, V. Read more »

Russia. Experts: Rosneft will start oil extraction at Arctic shelf not earlier than in 20 years

Experts believe, Rosneft will start oil extraction at Arctic shelf not earlier than in 20 years.

Neither the partnership agreements and tax benefits, nor the state support can help the company. There are two main problems – in the sphere of building of extraction platforms and the building of the coastal infrastructure. Read more »

Achimgaz starts the next stage of the development of the deposit

The German-Russian joint venture Achimgaz has started the next stage of the development of the deposit. Wintershall AG and Gazprom are going to increase the production at the deposit to the level of 8 billion cubic meters of natural gas per year. Read more »

Gazprom and CNPC discuss their arrangements about delivery of pipeline and liquefied gas to China

Gazprom Plc. and Chinese CNPC discussed their arrangements about the delivery of Russian pipeline gas and LNG to China. In the framework of the energy dialogue the working meeting of deputy Chairman of Gazprom, Alexander Medvedev and vice-President of CNPC ,Wang Dongjin took place.

Recently it was reported that Russian vice-PM, Arkady Dvorkovich doubted that Russia and China would sign an agreement about delivery of pipeline gas to China during the visit of Putin to PRC on June 5-6. Read more »

ExxonMobil and Rosneft to stop the slump in extraction at Sakhalin-1

The daily extraction of oil will be increased at two deposits (Odoptu and Chaivo) of Sakhalin-1 project. One more deposit, Arkutun-Dagi, which will provide about 4.5 million tons of oil at its peak, will be put into operation in 2014. However, analysts believe, this won’t help to stop the slump in production. Read more »

Sakhalin Energy is about to supply extra LNG to Japan in 2012

Sakhalin Energy, the operator of one of the world’s largest complex oil-and-gas projects Sakhalin-2, maps out to deliver extra LNG to Japan in 2012. “Gazprom export” states about it citing a report on the stable development of the company in 2011.

It is said in a document that there have been sent 34 lots of LNG of a total volume of 2 million tons over the plan after the earthquake in March 2011. 9 lots have been shipped at the expense of over-plan products, while 25 lots have been redirected on by the decision of Gazprom and Shell, principal shareholders of the company. Read more »

Nord Stream to analyze possible expansion of gas transport infrastructure from Russia to EU via the Baltic Sea

The shareholders of Nord Stream AG have charged the company with the analysis of the possible further expansion of the gas transport facilities for the delivery of natural gas from Russia to EU via the Baltic Sea.

Within the next 8 months Nord Stream will assess the possible foundation of one of two additional pipelines including such key aspects as technical solutions, variants of the route, environmental protection and financing. Read more »

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