Russian Oil and Gas Industry: News

U.S. lost another war in Vietnam this time the gas

The Russian company Rosneft has earned the right to operate the gas fields in Vietnam, originally owned by Chevron. This U.S. company gave them more than six years, but failed to reach an agreement with Hanoi.

According to the magazine ' Forbes ', citing a source close to one of the companies, Chevron gave Rosneft a deposit on the continental shelf of  Vietnam . "Rosneft is more likely to reach a compromise: the friendship between the two countries is strengthened by the fact that the Russian oil invited his Vietnamese partner PetroVietnam to the Russian platform, a site with reserves of about 70,000 million cubic meters of gas, "writes Forbes." By way of comparison, the Vietnamese field contains 170,000 million cubic meters of gas and can produce up to 490 million cubic meters of gas and 7,000 barrels of condensate per day. Chevron planned to invest up to 2.000 billion of the total cost of 4,000 million dollars and insisted on a price of 250-385 dollars per 1,000 cubic meters, while Vietnam was willing to pay no more than $ 231. Meanwhile, Rosneft created a platform for future work in Vietnam: received 35% of the box 06.1, the largest gas field Vietnam, with a capacity of 4,700 million cubic meters of gas per year. late last May the media reported that Chevron "Rosneft planted at the negotiating table", to purchase its stake in Vietnam project.

Complete Text: http://actualidad.rt.com/economia/view/130711-eeuu-vietnam-gas-chevron-rusia-rosneft?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome

magnumcromagnon wrote:Russia won a tender to develop Vietnamese gas fields, that was originally awarded to Chevron:

U.S. lost another war in Vietnam this time the gas

The Russian company Rosneft has earned the right to operate the gas fields in Vietnam, originally owned by Chevron. This U.S. company gave them more than six years, but failed to reach an agreement with Hanoi.

According to the magazine ' Forbes ', citing a source close to one of the companies, Chevron gave Rosneft a deposit on the continental shelf of  Vietnam . "Rosneft is more likely to reach a compromise: the friendship between the two countries is strengthened by the fact that the Russian oil invited his Vietnamese partner PetroVietnam to the Russian platform, a site with reserves of about 70,000 million cubic meters of gas, "writes Forbes." By way of comparison, the Vietnamese field contains 170,000 million cubic meters of gas and can produce up to 490 million cubic meters of gas and 7,000 barrels of condensate per day. Chevron planned to invest up to 2.000 billion of the total cost of 4,000 million dollars and insisted on a price of 250-385 dollars per 1,000 cubic meters, while Vietnam was willing to pay no more than $ 231. Meanwhile, Rosneft created a platform for future work in Vietnam: received 35% of the box 06.1, the largest gas field Vietnam, with a capacity of 4,700 million cubic meters of gas per year. late last May the media reported that Chevron "Rosneft planted at the negotiating table", to purchase its stake in Vietnam project.

Complete Text: http://actualidad.rt.com/economia/view/130711-eeuu-vietnam-gas-chevron-rusia-rosneft?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome

I wonder if Chevron will finance an overthrow of the Vietnamese govt. just like they financed the overthrow of the Viktor Yanukovich govt.

AlfaT8 wrote:

magnumcromagnon wrote:Russia won a tender to develop Vietnamese gas fields, that was originally awarded to Chevron:

U.S. lost another war in Vietnam this time the gas

The Russian company Rosneft has earned the right to operate the gas fields in Vietnam, originally owned by Chevron. This U.S. company gave them more than six years, but failed to reach an agreement with Hanoi.

According to the magazine ' Forbes ', citing a source close to one of the companies, Chevron gave Rosneft a deposit on the continental shelf of  Vietnam . "Rosneft is more likely to reach a compromise: the friendship between the two countries is strengthened by the fact that the Russian oil invited his Vietnamese partner PetroVietnam to the Russian platform, a site with reserves of about 70,000 million cubic meters of gas, "writes Forbes." By way of comparison, the Vietnamese field contains 170,000 million cubic meters of gas and can produce up to 490 million cubic meters of gas and 7,000 barrels of condensate per day. Chevron planned to invest up to 2.000 billion of the total cost of 4,000 million dollars and insisted on a price of 250-385 dollars per 1,000 cubic meters, while Vietnam was willing to pay no more than $ 231. Meanwhile, Rosneft created a platform for future work in Vietnam: received 35% of the box 06.1, the largest gas field Vietnam, with a capacity of 4,700 million cubic meters of gas per year. late last May the media reported that Chevron "Rosneft planted at the negotiating table", to purchase its stake in Vietnam project.

Complete Text: http://actualidad.rt.com/economia/view/130711-eeuu-vietnam-gas-chevron-rusia-rosneft?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome

I wonder if Chevron will finance an overthrow of the Vietnamese govt. just like they financed the overthrow of the Viktor Yanukovich govt.

Honestly, i am more concerned whether or not Vietnam is still participating in the TPP (Trans Pacific Partnership)??

The Hindu wrote: Russia has signalled that its proposed giant gas pipeline to China could be extended to India, setting the stage for a triangular energy partnership among three core members of the Brazil-Russia-India-China-South Africa (BRICS) grouping.

Russian Deputy Prime Minister Dmitri Rogozin, who has concluded a visit to India as President Vladimir Putin’s envoy told reporters that the construction of a gas pipeline from Russia to India would be “one of the largest infrastructure projects that could be conceived”. His comments follow media reports that during his anticipated meeting with Prime Minister Narendra Modi in Brazil during the BRICS summit next month, Mr. Putin may propose the extension of the Russia-China gas pipeline to India.

TASS wrote:VIENNA, June 24. /ITAR-TASS/. International oil and gas company OMV based in Vienna has offered Russian state-controlled energy giant Gazprom a stake in the Austrian gas exchange, OMV CEO Gerhard Roiss said Tuesday.

“We have always said that if a company supplies gas to Austria then it should have a chance to participate in that exchange. We have offered Gazprom a stake, but it is not part of this agreement,” Roiss said.

macedonian wrote:
Wow, the Austrians are even taking it a bit further:


Now, I have no proof of course, but my gut feeling tells me they'd never offer this deal without Germany's consent.
Could be wrong though, who the hell knows...

Anyway:
  

Cyberspec wrote:

macedonian wrote:
Wow, the Austrians are even taking it a bit further:


Now, I have no proof of course, but my gut feeling tells me they'd never offer this deal without Germany's consent.
Could be wrong though, who the hell knows...

Anyway:
  

Quite possible, since the Austrians were among the ones throwing obstacles in the way recently.

This is an important development either way

Russia’s Gazprom resumes gas supplies on Blue Stream pipeline ahead of time

Russian energy giant Gazprom has resumed gas supplies to Turkey through Blue Stream gas pipeline on Friday after annual planned preventive and repairing operations, the Russian gas monopoly stated.

Gas delivery was resumed at 09:00 Moscow time (06:00 UTC) on Friday a day ahead of the deadline. All planned works are fully done. Gas supplies are made as scheduled.

For the period of maintenance gas supplies were secured thanks to higher gas amounts along alternative gas delivery routes and use of gas from Turkish underground gas storages.

Blue Stream maritime gas pipeline from Russia to Turkey was suspended for planned technical maintenance on July 1 until the end of this week.

Blue Stream gas pipeline stretching at 1,213 kilometers and with an annual throughput capacity of 16 billion cubic meters of gas was commissioned in December 2002 for direct gas supplies to Turkish consumers along the Black Sea bottom.
Turkey is the second largest Russian gas importing country after Germany. In 2013, 26.61 billion cubic meters of gas were delivered to Turkey on two routes, particularly by land and Blue Stream.

http://in.rbth.com/news/2014/07/04/russias_gazprom_resumes_gas_supplies_on_blue_stream_pipeline_ahead_of_ti_36471.html

As reported Emergencies Ministry, the total value of minerals concentrated in the Arctic region of Russia, more than 30 trillion dollars. Gradually, the center of gravity will shift to Russian oil and gas in the Arctic offshore, according to experts of the ministry.


In recent years, Russia has begun to take an active economic development of its northern territories, including the production of hydrocarbons, as well as the development of the Northern Sea Route, which is increasingly becoming an alternative to traditional routes from Europe to Asia. To protect Russian interests in the Arctic sent a package of measures, including military measures, given the increased attention to the region on the part of NATO member countries.


In April, President Vladimir Putin announced the creation of the Russian Arctic unified system based surface ships and submarines of the new generation. According to him, will also have to increase the reliability of the protection of the Russian border in the Arctic, including through the strengthening of the naval component of border groups.

Flyingdutchman wrote:The oil company rosneft needs 1500 billion rubel from the government to survive Western sanctions.
Since the begin of this economic war it lost 10% of its value.

Yeah the west wont survive the sanctions  

Flyingdutchman wrote:The oil company rosneft needs 1500 billion rubel from the government to survive Western sanctions.
Since the begin of this economic war it lost 10% of its value.

Yeah the west wont survive the sanctions  

sepheronx wrote:

Flyingdutchman wrote:Thats also a point of view.

Point of view of what?  It is in the article itself in RT regarding that their debt is exactly 1500B Rubles.  If they are seeking 1500B Rubles from Rus government to prevent it being weathered from western sanctions, then the only thing that can be thought of is its outstanding debt to the western banks.

The CEO of Russian oil giant Rosneft, Igor Sechin, has asked the government to provide the company with 1.5 trillion rubles ($41.6 billion) to help the company weather Western sanctions, according to a Vedomosti report Thursday. The state would spend money from its National Wealth Fund to buy Rosneft bonds, the paper said, citing government sources. Prime Minister Dmitry Medvedev had asked officials to analyze the idea, according to the daily. Rosneft net debt reportedly stood at 1.5 trillion rubles at the end of the second quarter.

Key among Russian tight oil reserves are the Bazhenov formations, which are located beneath existing mature west Siberian fields.

They are estimated to contain as much as a trillion barrels of oil - four times the reserves of Saudi Arabia.

Rosneft and Gazprom Neft are working on Bazhenov with Exxon and Shell.

"When we learnt about the first sanctions we decided to speed up work on all fronts to minimize the damage to the company," said a Rosneft source.

Viktor wrote:

They are estimated to contain as much as a trillion barrels of oil - four times the reserves of Saudi Arabia.