Gazpromneft, Metals and mining

First icebreaker of "Gazpromneft" to escort tankers from the Novoportovsk field is launched.

The ceremony of launching the icebreaking ship "Aleksandr Sannikov" was held at Vyborg Shipyard Head icebreaker Arc130A project built by order of "Gazpromneft".

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

“Gazpromneft-Orenburg” to produce 10 mln tons a year by 2020

Consolidated production of hydrocarbons increased by 8.7% in “Gazpromneft-Orenburg” in H1, 2016 year-on-year and made up 2.31 million tons of oil equivalent. They stated about it to Inform-Devon in the company’s press-service.
There were carried out 34 wellbore interventions, inclusive of commissioning of 23 new wells, at the deposits of “Gazpromneft-Orenburg”. It contributed to an additional production of 110.8 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

TMK and Bashneft strengthen technological cooperation.

Pipe Metallurgical Company (TMK), one of the world's largest producers of pipes for the oil and gas industry, and Bashneft, a member of the ten largest Russian oil companies, have signed a technology partnership program for 2016-2020, the press service of TMK reports.
The program includes more than 20 joint activities related to the development, implementation, pilot tests of TMK products on Bashneft's oil fields. Among the products that TMK will supply are pipes in cold-resistant and corrosion-resistant design with premium connections, resistant to wrinkling, insulated tubing, including steel tubes from Cr13 for hydraulic fracturing operations.

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 extraction in Russia rose by 5.3% to 43 mln tons in February

​Oil extraction in Russia rose by 5.3% to 43.064 mln tons in February 2016 against Feb 2015, the Central Dispatch Management of the Fuel and Energy sector reports.
Bashneft stayed the leader on the growth of oil extraction in February. The extraction made up 1.643 mln tons, by 11.4% more than in Feb 2015.
The extraction growth in February was also shown by Gazprom Neft – by 7.8% to 4.43 mln tons, Surgutneftegas – by 3% to 4.867 mln tons, Tatneft – by 8.4% to 2.213 mln tons.
Rosneft and Lukoil managed to increase the extraction (Rosneft by 2.9% to 15.828 mln tons, Lukoil- 0.1% to 6.673 mln tons), in January they reduced the extraction results.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

VSZ to build two ships for Gazpromneft.

A ceremony of laying the first ice-breaking vessel under Arc130A project, Ice Class Icebreaker 8, built by order of Gazpromneft was hosted in Vyborg Shipyard (VSZ). The ship was named "Aleksandr Sannikov".
Two icebreaking vessels intended for operation in the Gulf of Ob (Yamalo-Nenets Autonomous District) for the oil terminal on Novoportovsk field will be built at VSZ. Ships are intended to ensure the shipment of oil, icebreaking tankers, rescue, towing vessels, firefighting, participation in oil spill response operations.

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 companies and Russian Ministry of Energy don’t want to prepay for pipes

The pipe companies haven’t been able to lobby for the mandatory prepayment for purchases of its products by state-owned companies. The Deputy Prime Minister Arkady Dvorkovich instructed the Ministries to consider this possibility in April, the initiative was supported by the Ministry of Economy and Ministry of Industry, but opposed the Ministry of Energy, supported oil companies, which referred to the need to reduce the cost of the stat-owned companies.
Although in April, the Deputy Prime Minister, Arkady Dvorkovich instructed the Ministry of Energy, Ministry of Economy and Ministry of Industry to consider inclusion of advancing purchases of pipes in the trade and purchasing policy of the state-owned companies (not less than 30%), the situation didn’t budge, sources of the Kommersant on the market report.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Commission of Alexander Khloponin to inspect all licenses

Government Commission on Subsoil Use, chaired by the Deputy Prime Minister Alexander Khloponin, has begun the process of updating all licenses for subsoil use. Over the next year and a half, mining companies should adjust the license to the new format, relevant to the legislation. The idea is supported by the industry, which believes that it will help to solve the chronic problems of mismatch between project documents and the actual situation. But the main beneficiaries could be Mr. Khloponin and his Commission, the influence pf which on business will increase significantly.
Last week, the Deputy Prime Minister Alexander Khloponin held the first meeting of the Government Commission on Subsoil Use. It was formed in April, after a few months, when Mr. Khloponin was co-chaireman of the Government Commission on the FEC (it is headed by the Deputy Prime Minister Arkady Dvorkovich), supervised subsoil use, but then a separated structure was created for this sector.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Securities of Russian companies mainly rise in price on LSE, Gazpromneft is leader

On Wednesday, securities of Russian companies mainly show a positive trend on the London Stock Exchange (LSE), the leader of the growth is Gazpromneft, the exchange reports.
As at 10.50 MSK, global depository receipts (GDR) of Gazpromneft grew by 3.33% to $13.95.

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 largest Russian oil companies look to the President for protection

As the Kommersant has got to know, scandal arose around the new government policy on procurement and import substitution. The seven largest Russian oil and gas companies declaimed against it. They are dissatisfied with a bill, already approved by the State Duma in the first reading, which puts the industry under special control, creating the risk of disclosure of business information and reducing the use of schemes to circumvent sanctions. The document is fraught with problems in other industries too, but not everybody has read it carefully there. The oil companies believe that the Parliament Building incorrectly interpreted the ideas of Vladimir Putin. He will be able to clarify the situation at a special meeting with the Government today.
In mid-April, leaders of Rosneft, Lukoil, Gazpromneft, Zarubezhneft, Bashneft, Surgutneftegaz and Novatek wrote a letter to Vladimir Putin, criticized the amendments to the Federal Law "On Procurements". The latter were developed on the basis of the President's speech to the Federal Assembly in December 2014. He proposed to create "a special coordination centre, task of which will be to link the implementation of major projects with the placement of orders at Russian companies". "We need to remove the critical dependence on foreign technology and industrial products," - said the President. In March, the Prime Minister Dmitry Medvedev reported that he would head the new agency, on April 21, the State Duma approved the corresponding draft law in the first reading.

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 number of rigs on the Russian shelf to double.

Shipbuilding enterprises of Russia and Asian countries will increase the rate of production of mobile drilling platforms for offshore operations in Russia.
It is expected that by 2030 on the Russian shelf the number of drilling rigs will double to 30 units, the Deputy Energy Minister Kirill Molodtsov informs.

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