Russia Oil and Gas

OAO “Gazprom" and OAO “Rosneft” did not meet the expectations of Russian industry

The annual international conference Neftegazshelf-2012 will take place at a hotel “Radisson Slavyanskaya” on December 6. There they will consider the experience of LUKOIL on cooperation with the Russian industry. Owing to the orders of the oil company Russian industry got an investment impulse. The governor of the Astrakhan region A.Zhilkin asserted to TV channel “Russia 24”: “The economic diversification programme is being realized, but due to cooperation with LUKOIL the region got a large number of orders.” Read more »

Ex-head of OSK has become adviser to I. Sechin

The ex-President of the United Shipbuilding Corporation (OSK), R. Trotsenko, according to the sources of Kommersant, now works as an adviser to the head of Rosneft, I. Sechin, who headed the Board of Directors of OSK when he was the Vice-Prime Minister. The experience of Mr. Trotsenko might be necessary for Rosneft while working at the shelf which requires the use of a good number of specialist types of offshore equipment, analysts say. Read more »

Rosneft purchases an oil terminal in Murmansk

Rosneft maps out to revive a transshipment terminal, located at the territory of a former military shipyard, for its Arctic projects. In future, the terminal will provide for the shipment of 18 million tons of oil per year. Read more »

Eni expects the investment decision about South Stream at the end of 2012 – beginning of 2013

The Italian oil and gas company Eni expects the final investment decision about the project of the building of the South Stream gas pipeline either at the end of 2012 or in the beginning of 2013, Reuters reports with reference to the statement of the Head of Eni, Paolo Scaroni.

“All four partners are working to make the final investment decision either at the end of December or in the beginning of 2013”, Scaroni said. Read more »

RBC-daily: German Wintershall and E.On can pay Gazprom for participation in the JV in 2013

The JV of Gazprom Plc. And German Wintershall and E.On – Severneftegazprom – can reassess the reserves of South Russian deposit upwards in a year. Thus, the German partners will probably have to pay more for participation in the project, the head of the operating company Stanislav Tsygankov said. Read more »

Gazprom: Exchange of assets with Wintershall might be realized in H1 2013

The realization of the deal between Gazprom OAO and Wintershall (Germany) on the exchange of assets might be held in H1 2013, the deputy chairman of Gazprom, A. Medvedev said. The main conditions of the deal might be agreed this year and it might be realized in H1 2013. Read more »

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 »

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