Military Forum for Russian and Global Defence Issues


    Russian Oil and Gas Industry: News

    Share

    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Tue Sep 25, 2012 1:31 pm

    Here are more details on Arctic resources of Russia

    Russian Arctic resources

    Cyberspec
    Colonel
    Colonel

    Posts : 1946
    Points : 2117
    Join date : 2011-08-08
    Location : Terra Australis

    Re: Russian Oil and Gas Industry: News

    Post  Cyberspec on Thu Oct 18, 2012 9:21 am

    Rosneft Set to Clinch Deal on TNK-BP

    The chief executive of Rosneft will on Thursday finalise a deal with BP that will turn the Russian national champion into the world’s largest publicly traded crude oil producer.

    http://www.cnbc.com//id/49457852

    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Thu Oct 18, 2012 9:31 am

    Not sure of the deal is good or bad as state run corporation tend to be very bloated and ineffecient.

    I think Russia should invest in Venezuela it has the world largest reserves

    GarryB
    Colonel
    Colonel

    Posts : 15468
    Points : 16175
    Join date : 2010-03-30
    Location : New Zealand

    Re: Russian Oil and Gas Industry: News

    Post  GarryB on Thu Oct 18, 2012 10:16 am

    I agree, it should help Venezuela with its oil exploration and production efficiency, but overall I would prefer that the Russians looked and invested more seriously in other energy areas.

    I rather doubt any one alternative energy can replace oil, but a combination of several different types should enable Russia to export energy technology to allow countries to expand and grow without polluting the planet more.


    _________________
    “The West won the world not by the superiority of its ideas or values or religion […] but rather by its superiority in applying organized violence. Westerners often forget this fact; non-Westerners never do.”

    ― Samuel P. Huntington, The Clash of Civilizations and the Remaking of World Order

    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Thu Oct 18, 2012 12:39 pm

    The only energy that is pollution free and has long term energy security is Nuclear Energy.

    Russsia should invest in development of Fusion Reactor that would be source of long term energy needs and right now develop BNR-800 Fast Breeder Reactor

    Viktor
    Colonel
    Colonel

    Posts : 5629
    Points : 6282
    Join date : 2009-08-25
    Age : 36
    Location : Croatia

    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Thu Oct 18, 2012 12:46 pm

    Austin wrote:Not sure of the deal is good or bad as state run corporation tend to be very bloated and ineffecient.

    I think Russia should invest in Venezuela it has the world largest reserves

    Do not agree. State companies can be efficient if run by right people



    Besides Rosfnet said it will invest 15bin in Venezuela oil.Gazprom recognized the most profitable company in the world

    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Mon Oct 22, 2012 6:40 pm

    This is really BIG BIG BIG news ,Rosneft will be the largest oil producing company in the world with TNK-BP purchase

    Rosneft beefs up with TNK-BP purchase cheers russia attack attack attack

    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Tue Oct 23, 2012 6:37 pm

    Is Arctic a Curse in disguise ?

    Russia’s Arctic Rush ‘Potential Gravy Train’ – Analysis


    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sun Oct 28, 2012 11:47 am

    Putin Is the New Global Shah of Oil
    Russia Uses Hydraulic Fracturing to Lower Decline Rates at Mature Wells

    Cyberspec
    Colonel
    Colonel

    Posts : 1946
    Points : 2117
    Join date : 2011-08-08
    Location : Terra Australis

    Re: Russian Oil and Gas Industry: News

    Post  Cyberspec on Fri Nov 02, 2012 1:18 am

    Austin wrote:Putin Is the New Global Shah of Oil
    Russia Uses Hydraulic Fracturing to Lower Decline Rates at Mature Wells

    Interesting...especially the first 'alarmist' article. Thx.

    It's worth mentioning that Saudi Arabia's oil reserves are overstated in order to prevent a panic in the markets. Here's an example from 2009

    Key oil figures were distorted by US pressure, says whistleblower
    http://www.guardian.co.uk/environment/2009/nov/09/peak-oil-international-energy-agency


    Recent related news...

    Russia to boost ESPO crude blend exports hoping to make it a flagship benchmark
    http://english.ruvr.ru/2012_11_01/Russia-to-boost-ESPO-crude-blend-exports-hoping-to-make-it-a-flagship-benchmark/


    Gazprom to Launch Two Satellites by Yearend
    http://www.spacedaily.com/reports/Gazprom_to_Launch_Two_Satellites_by_Yearend_999.html


    Austin wrote:Is Arctic a Curse in disguise ?

    Russia’s Arctic Rush ‘Potential Gravy Train’ – Analysis


    Curse my arse...Russia's future IS IN the Arctic. If I had serious money to invest I'd be buying up dirt cheap land in Russia's north. In 15-20 yrs that place will be a gold mine and the place to be.

    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sat Dec 01, 2012 4:33 am

    Two interesting Articles i came across

    Can Russia Maintain Current Oil Production Levels until 2020?

    Why Shale Oil Will Never be a Game Changer

    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sun Mar 31, 2013 8:31 am

    Shale Gas: It’s a bubble that will burst soon Gazprom CEO Alexei Miller


    KRASNOYARSK, March 30 (Itar-Tass) – The Russian natural gas flow cannot be reversed from Europe to Ukraine, Gazprom CEO Alexei Miller said on Saturday, March 30.

    For decades gas was supplies to Ukraine from the east from Russia and Turkmenistan. Recently, Ukraine said it had received gas from the West. Experts think that liquefied gas is transported to Ukraine from European seaports by pipelines via Poland and Slovakia.

    “We are confident that there are no de-facto reversed supplies,” Miller told Vesti v Subbotu on Russia One television channel. “Gazprom’s gas goes to Europe, it gets ‘ringed’, a gas measurement station shows relevant volume readings, and the gas is then supplied to Europe in reverse mode.”

    Speaking of Ukraine’s plans to buy natural gas at spot prices in Europe, Miller stressed that the price of gas there is higher and under long-term contracts with Gazprom. “In this situation Ukraine will not be able to pay the price of gas from Europe,” he added.

    Commenting on so-called shale gas from the United States, Miller said, “We see no risks there. America is not a competitor for us in this respect. The U.S. still has a shortage of gas. We are not aware of any one project to produce shale gas in the U.S. None of the wells there has a positive value. It’s a bubble that will burst soon,” he said.

    Ukraine imported 2.494 billion cubic metres of natural gas from Russia and the European Union in January 2013, the national statistics service said on Wednesday, March 20.

    In January, Ukraine imported 2.448 billion cubic meters of gas from Russia worth of 1 billion 132,700 U.S. dollars. The average price of Russian gas for Ukraine was about 408.63 U.S. dollars per 1,000 cubic metres.

    Ukraine also bought 46.714 billion cubic metres of gas from Germany to a total amount of 18.219 million U.S. dollars. The average price of gas purchased from Germany was 390 U.S. dollars per 1,000 cubic metres.

    The largest portion of gas is imported under a contract between Naftogaz Ukrainy and Russian Gazprom signed in 2009. The Cypriot company Ostchem Holding also imports natural gas from Russia to Ukraine. The company is owned by Ukrainian entrepreneur Dmitry Firtash. In 2013, Ostchem Holding can import slightly over 8 billion cubic metres of natural gas from Russia for the enterprises within Ostchem Group.

    Firtash said earlier that his company was buying natural gas from Russia “at a lower price” than Naftogaz Ukrainy buys from Gazprom.

    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sun Mar 31, 2013 5:47 pm

    Shale gas industry is 'a bubble' – Gazprom CEO


    Alexey Miller, CEO of Gazprom, believes that the extraction of shale gas in the US is unprofitable and that the American shale gas industry “is not a competitor” for the Russian energy company.

    In an interview for the state owned Rossiya 24 TV channel, Miller stressed that “currently, there aren’t any projects that we know of where shale gas production would be profitable”. He also pointed out that the US remains a country with a gas deficit and that the increase in volume of shale gas production corresponds with the dip conventional in natural gas extraction on US territory.

    Gazprom CEO believes that the development of shale gas production in the US poses “no risks” for the Russian company and that the reason behind the increase in shale gas production is the desire for “energy security”. If Alexey Miller is correct in his view on the shale gas industry, then it can be inferred that for the US government the economic and financial considerations are secondary to the goal of having a reliable energy source on the US territory. Shale gas extraction can help the US get rid of the dependence on the energy delivered from the Middle East, but can’t help the American companies compete with Gazprom on the European market.

    A number of experts believe that the shale market “revolution” is actually a bubble created on Wall Street in order to fool unsuspecting investors. Alexey Miller shares this view. “We are skeptical about shale gas… this soap bubble will burst soon”, he explained. The opinion expressed by Gazprom CEO is echoed by Vagit Alekperov, President of Lukoil. “Of course, it is a great achievement on the part of US engineers that America is now producing oil and gas from shale. In order to do it, they had to drill very tricky wells and do hydraulic fracturing. Undoubtedly, this is an achievement, but I wouldn’t call it a revolution” he told RT. This view is supported by a number of Western experts. In a recent report published by Bloomberg New Energy Finance, the possibility of a “shale gas revolution” in the UK was described as “wishful thinking”. Despite the successes of the shale gas industry in the US, the future of the European energy market is still dependent on conventional gas producers like Gazprom.

    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Russian Oil and Gas Industry: News

    Post  Austin on Sat Apr 06, 2013 4:19 pm

    Russia May Hold 680 Trillion Cubic Meters of Unconventional Gas

    Russia holder of the world’s biggest natural-gas reserves, may have 2 1/2 times more unconventional resources than conventional supplies, according to OAO Gazprom. (OGZD)

    The country may hold as much as 680 trillion cubic meters of unconventional resources, which include gas from shale, sandstones and coal beds, Viktor Skorobogatov, director of the gas resources center at Gazprom’s VNIIGAZ research unit, said in an interview in the company’s corporate magazine.

    Gazprom, Russia’s gas exporter, has concentrated on conventional gas as traditional fields continue to pump out fuel from western Siberia to the country's Far East. That focus saw the nation overtaken by the U.S. as No. 1 gas producer in 2009 as advances in technology made shale drilling economically feasible in North America.

    Still, Russia had 44.6 trillion cubic meters of gas reserves at the end of last year, compared with 8.5 trillion cubic meters in the U.S., according to BP Plc (BP/) data.

    “No country in the world can compete with Russia in terms of the volume of natural-gas reserves and its vast resource potential in both traditional and unconventional,” Skorobogatov said in the interview, excerpts of which were distributed today by e-mail. Russia’s conventional gas resources total at least 250 trillion cubic meters, out of a global total of 600 trillion to 650 trillion cubic meters, he said.

    President Vladimir Putin in April urged Russian energy producers to “rise to the challenge” of a changing market as the U.S. increased output of shale gas. In October, he ordered Gazprom to report on its export policies after acknowledging that U.S. shale-gas production had become profitable.

    Extraction of shale gas, which Russia is now “actively studying,” involves blasting a mixture of sand, water and chemicals underground, fracturing the rock to release fuel.

    Russia’s shale-gas resources are estimated at about 5 trillion to 20 trillion cubic meters, Skorobogatov said. Hydrates account for about 75 percent of all the nation’s unconventional resources, or 500 trillion cubic meters, followed by tight gas at 110 trillion cubic meters and coal-bed methane at 50 trillion cubic meters, he said.

    As much as 90 percent of Russia’s unconventional resources are located in the east, mainly in the Urals and Siberia, according to Skorobogatov. Coal-bed methane and tight-gas ventures, already under development as pilot projects, may start producing after 2020, while development of hydrates and shale won’t start before 2025 or 2030, he said.

    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sun Apr 14, 2013 7:28 pm

    Interesting Speech Rosneft Chief Igor Sechin made in Houston very recently

    http://www.rosneft.com/attach/0/02/99/cera_speech_en.pdf
    http://www.rosneft.com/attach/0/02/99/cera_week_en.pdf

    we are able to replace and increase reserves successfully through exploration. In 2009-2011, the reserves replacement ratio exceeded 200% per year; in 2012 we replaced 130% of reserves, a nd we did it with lower costs compared to those of our competitors. The data on reserves growth do not include our offshore projects a

    Vankor the biggest new project in post-soviet Russia

    We discovered 3.9 billion barrels of oil equivalent 3P reserves at Vankor, and today the stable level of oil production is more than 400 thousand barrels per day.Integration of TNK-BP assets allows us to increase the resource base of the region by 2.7 billion barrels of oil equivalent.

    Rosneft holds the largest license portfolio on the Russian offshore

    Rosneft is the largest subsoil license holder at the Russian offshore. Total estimated recoverable resources under these licenses exceed 275 billion barrels of oil equivalent. { this is bigger than current Saudi Reserves }


    Rosneft has already started full-scale operations in the Arctic

    estimated resource base of this block alone is more than 35 billion barrels of oil equivalent and the total resources for the Kara sea are above 100 billion n barrels of oil equivalent

    Slide 12. New production growth from development of tight oil in Russia ( Shale Oil )

    Next is oil production from the non-conventional oil fields. We have a tremendous and still underestimated potential of hard -to-recover resources. I would like to mention only one kind of formation Bazhenov.

    Estimated recoverable resources of this geological formation alone amount to over 22 billion barrels of oil, whic
    h is equal to approximately half of the shale oil resources in the USA.


    Compared to Saudi Oil Reserves

    http://www.albawaba.com/business/saudi-arabia-proven-oil-reserves-443455

    Aramco’s proven crude and condensate reserves fell by 400 million barrels versus the previous year to 259.7 billion barrels,


    I wont be surprised if Russias Oil Reserves including Arctic , Siberia and Shale Oil will be far greater than Saudi

    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sun Apr 14, 2013 7:37 pm

    Check specially page 9 , Rosneft holds the largest lic portfolio on the Russian Offshore
    http://www.rosneft.com/attach/0/02/99/cera_week_en.pdf

    Recoverable resources – 275 bln boe Shocked

    Then on Page 12

    Shale Oil Bazhenov formation resources alone are about 40% of U.S. shale oil by amount



    Good that Russia has Nuclear Weapons else US/NATO would have had invaded her by now like they did with Iraq Laughing

    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Tue Jun 11, 2013 8:18 am

    Talk about Shale Oil and Gas with recoverable reserves and the latest report from US EIA gives a good picture , Surprise part is who has most Shale Oil and Gas which can be recovered Laughing

    Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment of 137 Shale Formations in 41 Countries Outside the United States

    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sun Jun 16, 2013 4:31 am

    It seems like Gazprom is in bad shape with constant loosing market value.

    Gazprom’s Demise Could Topple Putin

    AlfaT8
    Colonel
    Colonel

    Posts : 1149
    Points : 1162
    Join date : 2013-02-02

    Re: Russian Oil and Gas Industry: News

    Post  AlfaT8 on Sun Jun 16, 2013 4:36 pm

    Austin wrote:It seems like Gazprom is in bad shape with constant loosing market value.

    Gazprom’s Demise Could Topple Putin
    The Title of this article alone makes me skeptical.Suspect

    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sun Jun 16, 2013 6:18 pm

    The title might be misleading and mischievous but the contents are sound and indeed very damaging for Gazprom.

    Look at Gazprom Market Cap and Share value , in 2008 it was $338 and today it is $83 and going down


    medo
    Colonel
    Colonel

    Posts : 3051
    Points : 3149
    Join date : 2010-10-24
    Location : Slovenia

    Re: Russian Oil and Gas Industry: News

    Post  medo on Sun Jun 16, 2013 8:53 pm

    I think they just follow prices for gas. Nothing unusual.

    AlfaT8
    Colonel
    Colonel

    Posts : 1149
    Points : 1162
    Join date : 2013-02-02

    Re: Russian Oil and Gas Industry: News

    Post  AlfaT8 on Sun Jun 16, 2013 11:41 pm

    Austin wrote:The title might be misleading and mischievous but the contents are sound and indeed very damaging for Gazprom.

    Look at Gazprom Market Cap and Share value , in 2008 it was $338 and today it is $83 and going down

    Where's 2012??Suspect

    Viktor
    Colonel
    Colonel

    Posts : 5629
    Points : 6282
    Join date : 2009-08-25
    Age : 36
    Location : Croatia

    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Mon Jun 17, 2013 1:22 am

    If Russian state keeps the shares its value does not matter. As long as Gazprom brings money who cares about its shares.

    GarryB
    Colonel
    Colonel

    Posts : 15468
    Points : 16175
    Join date : 2010-03-30
    Location : New Zealand

    Re: Russian Oil and Gas Industry: News

    Post  GarryB on Mon Jun 17, 2013 11:25 am

    Share market is for gamblers... who cares if they lose money, the fact is that even if the shares were worth nothing it makes no difference to the value of the company or what it produces.


    _________________
    “The West won the world not by the superiority of its ideas or values or religion […] but rather by its superiority in applying organized violence. Westerners often forget this fact; non-Westerners never do.”

    ― Samuel P. Huntington, The Clash of Civilizations and the Remaking of World Order

    Austin
    Colonel
    Colonel

    Posts : 5671
    Points : 6077
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Mon Jun 17, 2013 1:46 pm

    I am sure every company that is publicly listed and trades in shares would care very very much if their share prices fall down.

    Infact Miller the CEO of Gazprom has said he is very concerned about the company share prices and planning to do something about it.

    If companies didnt care about it share prices they wouldnt have listed in the first place a low share price would indicate loss of customer confidence who in turn will sell all the shares bring the prices much lower affecting company ability to raise finance from market.

    Sponsored content

    Re: Russian Oil and Gas Industry: News

    Post  Sponsored content Today at 5:02 pm


      Current date/time is Tue Dec 06, 2016 5:02 pm