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    Russian Oil and Gas Industry: News

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    JohninMK

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    Re: Russian Oil and Gas Industry: News

    Post  JohninMK on Tue Dec 01, 2015 7:29 pm

    Definitely.
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    sepheronx

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    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Sat Dec 12, 2015 5:48 pm

    Moscow Set to Put an End to 'Western Dominance' in Oil Trading

    Essentially taking Brent crude trading to St.Petersburg. Much like how they did with NatGas. This should bring in more money.
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    sepheronx

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    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Sat Dec 12, 2015 5:55 pm

    This was posted on reuters in October:
    UPDATE 1-Russia to raise mineral extraction tax rate on Gazprom by 36.7 pct in 2016

    They decided not to increase extraction taxation on oil though as it is said that it would cut into opening of new wells. But that dream may fall short if oil prices drop to $30/bbl and thus increase in taxation on it may happen anyway.

    People are afraid to tax the crap out of their oil companies, but this is essentially what Norway did and it worked for them. Gazprom and Rosneft are partially owned by the government. Maybe the government needs to take over 100% one of the companies dealing with export and domestic affairs of oil and gas, and heavily tax it as all profits would go to the budget. But that wont happen as there is a demand to privatization.
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    George1

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    Re: Russian Oil and Gas Industry: News

    Post  George1 on Fri Dec 18, 2015 8:03 am

    Russia Surpasses Saudi Arabia in Oil Production in October - Rosstat

    According to Rosstat, export of oil from Russia in January-October increased by 7.6 percent compared to the same period in 2014.

    MOSCOW (Sputnik) — Russia outstripped Saudi Arabia in terms of oil production in October, Russia's statistics agency Rosstat revealed Thursday.

    In October, oil production in Russia was estimated at 10.359 million barrels per day, while in Saudi Arabia it totaled 10.125 million barrels per day. In September, on the other hand, Saudi Arabia outpaced Russia, producing on average 10.255 million barrels of oil per day.

    According to Rosstat, export of oil from Russia in January-October increased by 7.6 percent compared to the same period in 2014.

    Between January and October, oil exports from Russia accounted for 26.6 percent of all Russian exports and for 41.5 percent of energy products exports, almost 5 percent and 4 percent lower than figures for the same period in 2014.

    Read more: http://sputniknews.com/business/20151217/1031918047/russia-saudi-arabia-oil.html#ixzz3ueZqAFEs


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    sepheronx

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    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Sat Dec 19, 2015 3:31 am


    Austin

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sat Dec 19, 2015 7:20 am

    Merkel defends Nord Stream-2 pipeline

    https://www.rt.com/business/326440-merkel-gas-nord-stream2/


    Looks like the South Stream countries are now protesting Nord Stream-2 and Merkel is defending NS-2.


    Realistically speaking lets says Nord Stream-2 gets cancelled under EU pressure and Turkish Stream future looks bleak , What other projects Gazprom has to take care of long term gas revenues leave aside china project
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    sepheronx

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    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Sat Dec 19, 2015 5:28 pm

    Austin wrote:Merkel defends Nord Stream-2 pipeline

    https://www.rt.com/business/326440-merkel-gas-nord-stream2/


    Looks like the South Stream countries are now protesting Nord Stream-2 and Merkel is defending NS-2.


    Realistically speaking lets says Nord Stream-2 gets cancelled under EU pressure and Turkish Stream future looks bleak , What other projects Gazprom has to take care of long term gas revenues leave aside china project

    LNG.
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    sepheronx

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    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Sat Dec 19, 2015 6:05 pm

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    kvs

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    Re: Russian Oil and Gas Industry: News

    Post  kvs on Sun Dec 20, 2015 4:35 am

    sepheronx wrote:
    Austin wrote:Merkel defends Nord Stream-2 pipeline

    https://www.rt.com/business/326440-merkel-gas-nord-stream2/


    Looks like the South Stream countries are now protesting Nord Stream-2 and Merkel is defending NS-2.


    Realistically speaking lets says Nord Stream-2 gets cancelled under EU pressure and Turkish Stream future looks bleak , What other projects Gazprom has to take care of long term gas revenues leave aside china project

    LNG.

    It would be nice if Russia could use nuclear power to liquify the natural gas for very little cost and ship it out at the
    usual 100% markup. Selling cheap pipeline gas to a bunch of hater ingrates has got to stop.
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    sepheronx

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    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Sun Dec 20, 2015 7:01 am

    kvs wrote:
    sepheronx wrote:
    Austin wrote:Merkel defends Nord Stream-2 pipeline

    https://www.rt.com/business/326440-merkel-gas-nord-stream2/


    Looks like the South Stream countries are now protesting Nord Stream-2 and Merkel is defending NS-2.


    Realistically speaking lets says Nord Stream-2 gets cancelled under EU pressure and Turkish Stream future looks bleak , What other projects Gazprom has to take care of long term gas revenues leave aside china project

    LNG.

    It would be nice if Russia could use nuclear power to liquify the natural gas for very little cost and ship it out at the
    usual 100% markup.    Selling cheap pipeline gas to a bunch of hater ingrates has got to stop.

    Russia is building LNG plants. More of them. Currently has 1, building 3 more (or possibly more). 1 in St.Petersburg, and 1 in Vladivostok.

    LNG will still be cheap for many and easy to obtain and if Nord 2 stream dies, and all Russia has left to sell to Europe is that same pipeline through Ukraine, they could essentially just cancel control on that pipeline and hand over the control of it (sell it of course) to EU and Ukraine and let them fight each other on stolen gas. So in other words, they still sell oil/gas to Europe through Ukraine, but it is up to EU to secure the flow from Ukraine to the rest of them. So in this case, next time Ukraine is caught siphoning gas and what not, it is essentially stealing it from EU and not Russia, and it would be up to EU to deal with Ukraine on that matter, while Russia can just wash its hands.

    From last link I posted on here, China is still main market for Russian LNG and will be on top of the power of Siberia pipeline, at least till they decide to finally sign on Power of Siberia 2. Already they signed the agreement on the border connection (Power of Siberia 1).

    EU and rest will more than likely end up obtaining more LNG from Russia and the transport of it will be fairly cheap (railway and shipping as example). Other Asian countries will also be interested in it too.
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    PapaDragon

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    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Mon Dec 21, 2015 1:59 am


    Bloomberg be surprised... Cool

    Siberian Surprise: Russian Oil Patch Just Keeps Pumping

    http://www.bloomberg.com/news/articles/2015-12-20/siberian-surprise-russian-oil-patch-just-keeps-pumping


    Siberian Surprise: The Numbers Behind Russia's Oil Resilience

    http://www.bloomberg.com/news/articles/2015-12-20/siberian-surprise-the-numbers-behind-russia-s-oil-resilience
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    AlfaT8

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    Re: Russian Oil and Gas Industry: News

    Post  AlfaT8 on Mon Dec 21, 2015 3:33 am

    PapaDragon wrote:
    Bloomberg be surprised... Cool

      Siberian Surprise: Russian Oil Patch Just Keeps Pumping  

    http://www.bloomberg.com/news/articles/2015-12-20/siberian-surprise-russian-oil-patch-just-keeps-pumping


      Siberian Surprise: The Numbers Behind Russia's Oil Resilience  

    http://www.bloomberg.com/news/articles/2015-12-20/siberian-surprise-the-numbers-behind-russia-s-oil-resilience

    Hell of a guy. pirat
    “I will tell you when Russian companies are for sure going to decrease production -- when oil costs $0,” Deputy Energy Minister Kirill Molodtsov said at an industry event in Moscow this month.
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    sepheronx

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    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Wed Dec 23, 2015 11:18 pm

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    higurashihougi

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    Re: Russian Oil and Gas Industry: News

    Post  higurashihougi on Fri Dec 25, 2015 3:15 pm

    If GG translate is correct.

    Then Germany basically just said: "F*** it, we will do Nord Stream 2 with Russia, you can protest for all your life and we won't f****ing care."

    http://www.spiegel.de/spiegel/vorab/bundesregierung-will-neue-ostsee-pipeline-nicht-verhindern-a-1069332.html

    Die Bundesregierung will trotz heftiger Kritik aus Osteuropa und aus der CDU die geplante neue Ostseepipeline zwischen Russland und Deutschland nicht stoppen. Der Bau der Nord-Stream-2-Pipeline sei eine unternehmerische Entscheidung der beteiligten deutschen und russischen Firmen, heißt es im Kanzleramt. "Wir pushen die Sache nicht, und wir bekämpfen sie nicht." Ob das Projekt gegen Europarecht verstoße, müsse die EU-Kommission prüfen. Kritiker beklagen, der Bau würde die Abhängigkeit von russischem Gas verstärken. Der slowakische Außenminister Miroslav Lajčák sagt: "Wir haben ernste Zweifel, was dieses Projekt betrifft." Nord Stream 2 trage nicht zur notwendigen Diversifizierung der europäischen Energieversorgung bei. Außerdem würde das Vorhaben die Ukraine schädigen und vom Gas-Transit nach Europa abschneiden, kritisiert Lajčák. Auch CDU-Bundestagsabgeordnete wie der Vorsitzende des Auswärtigen Ausschusses, Norbert Röttgen, hatten geklagt, Nord Stream 2 widerspreche dem Ziel, die Abhängigkeit von russischem Gas zu verhindern.
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    kvs

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    Re: Russian Oil and Gas Industry: News

    Post  kvs on Sun Dec 27, 2015 12:33 am

    A new refinery to reprocess heavy crude (high sulfur, low volatile fraction) at the 95% level with high level
    of control on VOC and toxic emissions. It seems this is the only refinery of the type in the world at this scale
    and the other one is 7 times smaller located in China.


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    George1

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    Re: Russian Oil and Gas Industry: News

    Post  George1 on Thu Dec 31, 2015 7:06 am

    Gazprom cancels tender for construction of pipeline stretch crucial for Nord Stream-2

    More:
    http://tass.ru/en/economy/847999


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    Austin

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    Saudi Arabia won't stop pumping oil, says minister

    Post  Austin on Thu Dec 31, 2015 7:40 am

    Wonder if Saudi is waiting for long haul

    Saudi Arabia won't stop pumping oil, says minister

    http://www.telegraph.co.uk/finance/oilprices/12074752/Saudi-Arabia-wont-stop-pumping-oil-says-minister.html
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    higurashihougi

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    Re: Russian Oil and Gas Industry: News

    Post  higurashihougi on Tue Jan 05, 2016 12:41 pm

    From Warszawa, again

    http://sputniknews.com/europe/20160104/1032656144/poland-nord-stream.html

    Warsaw wants planned gas pipelines delivering Russian gas to Europe, such as Nord Stream 2, to run through Poland, Foreign Minister Witold Waszczykowski said Monday.

    The Poles need to understand that, Nord Stream's intention is to NOT going through Poland.

    So there is no way NS version 2 will let Poland have any share in it.
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    max steel

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    Re: Russian Oil and Gas Industry: News

    Post  max steel on Wed Jan 06, 2016 5:33 pm

    Saudi Arabia faces 'economic bomb' and hikes gas prices 50%


    Looks like their little economic war against Russia isn't working out so well. Laughing
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    higurashihougi

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    Re: Russian Oil and Gas Industry: News

    Post  higurashihougi on Sat Jan 09, 2016 3:41 pm

    Do you think that Siluanov always says "we are out of money" ?

    Is he designed to say negative news in order to maintain sufficent cautiousness of Russian's public and to lure the 5th columnists ?

    https://www.rt.com/business/328369-cheap-crude-threatens-to-deplete/

    According to Russian Finance Minister Anton Siluanov, the country’s Reserve Fund could end in 2016. In this case, Russia will turn to its other international reserve, the National Welfare Fund.

    The main threat comes from falling oil prices. Russia's 2016 budget depends on oil prices averaging $50 per barrel to meet spending. Below that price, the country must dip into its reserves.
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    sepheronx

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    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Sat Jan 09, 2016 7:29 pm

    He is cautioning the government stating that at their current spending habits, the reserve fund will deplete. He is correct, it will. But he also needs to be reminded why they exist in the first place. Sometimes people forget the purpose of the reserve funds.

    It also all depends on how the funds are spent. Are they spent as investments like what the National Welfare fund is? Or are they just spent and that is it? If spent as investments, that money will return eventually anyway.

    The other issue is that the economists don't quite seem to put 2+2 together. They think that when its it, its it. No more reserve means no more spending. But they forget about borrowing from their own people so national debt. They also forget that if they do not spend money, it will spiral out of control with a lot of people out of jobs and a lot of extra money need to be spent on social benefits, causing even more damage to the countries economy.

    They will have to keep spending till they can find an alternative to oil and gas as a way to get more money into the budget. I still think they can get more money out of it for reserves but that would require taxation. Other areas are still mining of other industries, and the wood industry as well. They could also look at reducing certain taxes for citizens on spending but increase the income tax to bring in more money, etc etc. Problem is that may reduce further spending habits of people which will hurt the economy.

    Right now, Russia is kind of in a bind on a lot of things economically. You cannot have all the same social benefits Russia has, but keep income tax so low. Same with businesses are getting a lot of free reign with not providing enough to the government - grey economy and such. People trying to find ways not to pay taxes, even if it is quite low compared to most western countries.
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    sepheronx

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    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Sat Jan 09, 2016 7:46 pm

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    higurashihougi

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    Re: Russian Oil and Gas Industry: News

    Post  higurashihougi on Sun Jan 10, 2016 12:27 pm


    Well, about de-dollarization Russia and BRICS allies are still buying gold... from America. The final result of that is U.S. dollar value losts its foundation while rub and yuan gain.

    Austin

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Thu Jan 14, 2016 2:48 pm

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    sepheronx

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    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Thu Jan 14, 2016 3:00 pm

    Austin wrote:Pakistan’s $2 billion LNG pipeline project hits a snag

    http://tribune.com.pk/story/1027143/bottleneck-pakistans-2-billion-lng-pipeline-project-hits-a-snag/
    Lol.  Pakistan can and cant do things cause of US.  None of the money is from US (its coming from Russia) and US is preventing it.  Wow, didnt realise that Pakistan was a colony of the US.

    I know some will be happy to hear this news for their hate of Pakistan.

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