Gazpromneft, Russia Metals and Mining

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.

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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.

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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.

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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.

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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.

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Gazpromneft delivered the first oil from Novoportovskoye field through the Northern Sea Route to Europe.

Gazpromneft delivered 1st oil from Novoportovskoye field through the Northern Sea Route to Europe.
Ice-class tanker delivered 16 thousand tons of Novy Port grade oil and completed an overload of raw materials into the tank farm.
Currently the 2nd tanker is on the way to Europe, which provides transportation of Novy Port oil.
Nuclear-powered icebreakers of Atomflot operate as escort ships.

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"Surgutneftegas" asks the authorities to carefully select the suppliers for import substitution.

The RF Ministry of Industry and RF Ministry of Energy have already checked 280 companies.
General Director of "Surgutneftegaz" Vladimir Bogdanov believes that the RF Ministry of Industry shall conduct technical audit of the factories applying for participation in the program of import substitution in the fuel and energy sector. According to him, currently there are a lot of applications from potential manufacturers, but before working with them, it is necessary to check whether they can produce high-tech equipment: "We have such a request to the RF Ministry of Industry and Trade in order to approach carefully to the selection of companies, even to spend a month on it". Thus "Surgutneftegaz" itself never focused on imported equipment, Bogdanov assured: "We have always engaged in new technologies. Together with our subcontractors - mechanical engineers, chemists, etc. - developed new equipment or materials. Over the past 15 years we achieved much".

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TMK and Gazpromneft agree on technological partnership

TMK and Gazpromneft have signed a Technology Partnership Program for 2015-2017.
TMK has long and successful cooperation with Gazpromneft, supplying pipes for oil extraction and transportation, including premium connections. Since 2013, the companies implement a program of scientific and technical cooperation. In their joint activity the parties came to the conclusion that the existing production capacity of TMK, product line, scientific and technical potential, as well as the geographical location of the company’s assets enable to provide current and future needs of Gazpromneft in the entire range of pipe products for onshore and offshore projects. As a result, it was decided to expand the perimeter of the cooperation and to proceed to the technological partnership between the two companies.

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More than 40 large hydrocarbon fields in the Arctic are in Russian sector

More than 40 large hydrocarbon deposits in the Arctic are in the Russian sector. And next year, after submission of an application to the United Nations, Russia plans to expand its domain due to the Lomonosov and Mendeleev Ridges.
At the end of last year, Russia received the first batch of Arctic oil. The development of the Arctic shelf began from the development of Prirazlom field. In general, about 60 large deposits of hydrocarbons are in the Arctic, more than 40 of them are located in the Russian sector. Today Russia is now planning to expand its domain due to the Lomonosov and Mendeleev Ridges at the bottom of the Arctic Ocean. The corresponding application is expected to be submitted to the United Nations next year.

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TMK and Gazpromneft sign the price agreement.

The Pipe Metallurgical Company (TMK) has entered into an agreement with Gazpromneft on the application of a pricing formula when calculating the cost of pipe products. The price formula is calculated with the reference to market prices for the raw materials needed for the production of the tubular products. This agreement is the first document of this kind, which Gazpromneft concluded with the Russian pipe company. Since 2012, such an agreement is in force between Gazprom and the largest Russian pipe industry enterprises.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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