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    Russian Oil and Gas Industry: News

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    Austin

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Fri Jul 07, 2017 10:25 am

    Russian Gas Trumps American Sanctions
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    miketheterrible

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    Re: Russian Oil and Gas Industry: News

    Post  miketheterrible on Fri Aug 04, 2017 7:36 pm

    https://sdelanounas.ru/blogs/96491/
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    PapaDragon

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    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Sat Aug 05, 2017 5:29 am

    Russian Antitrust Watchdog Allows Austrian Firm to Buy 24.99% in Gazprom JV

    https://sputniknews.com/business/201708051056202238-russia-allows-austria-buy-gazprom-jv/
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    miketheterrible

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    Re: Russian Oil and Gas Industry: News

    Post  miketheterrible on Sun Aug 13, 2017 6:00 am

    Austrian oil and gas company OMV has transferred 200 million euros to the "Nord stream-2"

    https://sdelanounas.ru/blogs/96723/

    Austin

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Tue Aug 15, 2017 2:00 pm

    State programme for LNG
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    PapaDragon

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    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Wed Aug 23, 2017 10:11 pm


    Christophe de Margerie LNG tanker covers Northern Sea Route in record 6.5 days

    More:
    http://tass.com/economy/961438

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    kvs

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    Re: Russian Oil and Gas Industry: News

    Post  kvs on Wed Aug 23, 2017 11:48 pm

    PapaDragon wrote:
    Christophe de Margerie LNG tanker covers Northern Sea Route in record 6.5 days

    More:
    http://tass.com/economy/961438



    The article brings up an important issue. Russia is going to use American propaganda hate theater
    to transition from piped gas to LNG. At the end of the day, the EU is going to pay 50-100% more
    but it will be "independent from Russia". And that is how Russia wants it. No more cheap gas for
    a collection of haters.
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    PapaDragon

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    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Tue Aug 29, 2017 9:53 pm


    Arabs really screwed the pooch back in '14.... lol1 Razz

    When Russia Finally Hops On Shale Bandwagon, OPEC Is Finished

    https://www.forbes.com/sites/kenrapoza/2017/08/29/when-russia-finally-hops-on-shale-bandwagon-opec-is-finished/#7e863f851af0

    ........The Bazhenov formation is already located in areas with developed oil producing infrastructure. Its development is being discussed in scientific, economic, energy industry and political circles from London to Washington. No one knows exactly what's underneath, they only know that it is large. Current estimates for light crude in the Bazhenov range from 600 million to 174 billion tons. As a comparison, the middle of this range is larger than the total initial geological reserves of light oil in all known oil and gas provinces of Russia. Boom.
    ...............
    Just to compare the Bakken to Bazhenov, a 2013 U.S. Geological Survey estimated Bakken-Three Forks recoverable oil reserves to be about 7.4 billion barrels, and 6.7 trillion cubic feet of recoverable natural gas. Bazhenov has about 10 times the oil......
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    kvs

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    Re: Russian Oil and Gas Industry: News

    Post  kvs on Wed Aug 30, 2017 2:27 am

    PapaDragon wrote:
    Arabs really screwed the pooch back in '14.... lol1 Razz

    When Russia Finally Hops On Shale Bandwagon, OPEC Is Finished

    https://www.forbes.com/sites/kenrapoza/2017/08/29/when-russia-finally-hops-on-shale-bandwagon-opec-is-finished/#7e863f851af0

    ........The Bazhenov formation is already located in areas with developed oil producing infrastructure. Its development is being discussed in scientific, economic, energy industry and political circles from London to Washington. No one knows exactly what's underneath, they only know that it is large. Current estimates for light crude in the Bazhenov range from 600 million to 174 billion tons. As a comparison, the middle of this range is larger than the total initial geological reserves of light oil in all known oil and gas provinces of Russia. Boom.
    ...............
    Just to compare the Bakken to Bazhenov, a 2013 U.S. Geological Survey estimated Bakken-Three Forks recoverable oil reserves to be about 7.4 billion barrels, and 6.7 trillion cubic feet of recoverable natural gas. Bazhenov has about 10 times the oil......

    The Bazhenov formation is something special on this planet. People should not fob it off as delusional Russian dreams. Thanks to lack of
    "advanced" (aka desperate) drilling for economically non viable oil and gas in Russia, such formations have not been touched.

    https://en.wikipedia.org/wiki/Bazhenov_Formation

    The EIA estimates are on the money. This is prime source rock which is "tight" because of the shale-like rock instead of the typical sandstone or dolomite which
    are much more porous. From all the geological details, the reserves in this formation are huge. The deposits in this formation are not degraded like the tar sands.
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    PapaDragon

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    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Wed Aug 30, 2017 2:40 am

    kvs wrote:
    PapaDragon wrote:
    Arabs really screwed the pooch back in '14.... lol1 Razz

    When Russia Finally Hops On Shale Bandwagon, OPEC Is Finished

    https://www.forbes.com/sites/kenrapoza/2017/08/29/when-russia-finally-hops-on-shale-bandwagon-opec-is-finished/#7e863f851af0

    The Bazhenov formation is something special on this planet.   People should not fob it off as delusional Russian dreams.   Thanks to lack of
    "advanced" (aka desperate) drilling for economically non viable oil and gas in Russia, such formations have not been touched.    

    https://en.wikipedia.org/wiki/Bazhenov_Formation

    The EIA estimates are on the money.   This is prime source rock which is "tight" because of the shale-like rock instead of the typical sandstone or dolomite which
    are much more porous.    From all the geological details, the reserves in this formation are huge.    The deposits in this formation are not degraded like the tar sands.

    And it's so big that most of it is away from populated areas AKA water sources

    No flammable tap water with this one and by the time anyone does use that water for drinking chemicals will be long gone
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    miketheterrible

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    Re: Russian Oil and Gas Industry: News

    Post  miketheterrible on Wed Aug 30, 2017 7:21 am

    http://tass.com/economy/962632

    Nord Stream 2 project received 324 mln euro funding from European companies — Gazprom
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    PapaDragon

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    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Sun Sep 03, 2017 10:10 pm


    Russia's Rosneft, China's CEFC Shake Hands on Joint Oil Exploration in Siberia

    https://sputniknews.com/business/201709031057051789-russia-china-oil-siberia/
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    PapaDragon

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    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Fri Sep 08, 2017 10:34 pm


    Russia Plays Chess With Glencore, China -- and Saudi Arabia

    https://www.bloomberg.com/gadfly/articles/2017-09-08/cefc-buys-rosneft-stake-russia-plays-chess-with-china-saudis
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    JohninMK

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    Re: Russian Oil and Gas Industry: News

    Post  JohninMK on Fri Sep 15, 2017 3:49 pm

    NordStream2's political impact is starting the crank up. I really wonder if some members of the EU have really absorbed the ramifications of the start of increased supplies of gas to China around the start of 2020. In particular that it provides a revenue stream should supplies to Europe be interrupted with the end of transit through Ukraine and no NordStream2 online. Whilst Russia is pretty emphatic that it does not break gas supply contracts, if those contracts run out (as the Ukraine transit ones will) then what?


    The European Commission has drawn up plans to ensure that a new Russia-Germany gas pipeline - Nord Stream 2 - does not reshape EU energy markets for Russia's strategic gain.

    But the draft plan, a classified 10-page document seen by EUobserver, will only take effect if EU states give the green light, amid Germany's likely preference for handling Nord Stream 2 talks with Russia without EU involvement.

    Energy commissioner Maros Sefcovic likely to lead potential talks with Russia (Photo: ec.europa.eu)

    The plan calls for an EU Council decision "authorising the opening of negotiations on an agreement between the European Union and the Russian Federation on the operation of the Nord Stream 2 pipeline".

    It says the agreement is to "ensure a coherent regulatory framework contributing to market functioning and security of supply".

    It also says the Commission should be the "head of the Union's negotiating team", but that it would conduct the Russia talks "in consultation" with "a special committee" of EU states' officials.

    In what is likely to feel like poison in Russia's ear, the 10-page paper insists, in an annex, that Nord Stream 2 should abide by EU laws on "unbundling" and "third party access".


    More on this at https://euobserver.com/energy/139023

    ATLASCUB

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    Re: Russian Oil and Gas Industry: News

    Post  ATLASCUB on Fri Sep 15, 2017 9:58 pm

    JohninMK wrote:NordStream2's political impact is starting the crank up. I really wonder if some members of the EU have really absorbed the ramifications of the start of increased supplies of gas to China around the start of 2020. In particular that it provides a revenue stream should supplies to Europe be interrupted with the end of transit through Ukraine and no NordStream2 online. Whilst Russia is pretty emphatic that it does not break gas supply contracts, if those contracts run out (as the Ukraine transit ones will) then what?


    The European Commission has drawn up plans to ensure that a new Russia-Germany gas pipeline - Nord Stream 2 - does not reshape EU energy markets for Russia's strategic gain.

    But the draft plan, a classified 10-page document seen by EUobserver, will only take effect if EU states give the green light, amid Germany's likely preference for handling Nord Stream 2 talks with Russia without EU involvement.

       Energy commissioner Maros Sefcovic likely to lead potential talks with Russia (Photo: ec.europa.eu)

    The plan calls for an EU Council decision "authorising the opening of negotiations on an agreement between the European Union and the Russian Federation on the operation of the Nord Stream 2 pipeline".

    It says the agreement is to "ensure a coherent regulatory framework contributing to market functioning and security of supply".

    It also says the Commission should be the "head of the Union's negotiating team", but that it would conduct the Russia talks "in consultation" with "a special committee" of EU states' officials.

    In what is likely to feel like poison in Russia's ear, the 10-page paper insists, in an annex, that Nord Stream 2 should abide by EU laws on "unbundling" and "third party access".


    More on this at https://euobserver.com/energy/139023

    Russia better not cave and should analyze its moves well. These are the same hacks that have sanctions on Russia and would, in a heart beat, celebrate Russian disintegration and feed off the pieces, after working covertly to achieve it. The EU needs to feed of Russia's benevolent hand, like a drug addict, all in due time. But for that, the seeds need to be planted now, properly - Ukraine showed the faults of the old system - at the seams. E.U + Scan 4 serve the U.S/German tit - unapologetic about it as well - gravitation to the center of strength and power. It will eventually serve Russia if it plays its cards right...but we're far away from that.
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    JohninMK

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    Re: Russian Oil and Gas Industry: News

    Post  JohninMK on Mon Sep 18, 2017 12:02 pm

    Massive rig heading into the Black Sea. Sanctions?

    Yörük Işık‏Verified account @YorukIsik

    Modified for this journey @eni Saipem ultra deepwater submersible rig Scarabeo9 transits Bosphorus for @RosneftRu Shatsky contract #BlackSea


    https://twitter.com/YorukIsik/status/909683605600919553




    Austin

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Wed Sep 20, 2017 7:12 pm

    Can Russia Develop Its Shale Reserves?

    http://oilprice.com/Energy/Crude-Oil/Can-Russia-Develop-Its-Shale-Reserves.html

    Austin

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Wed Sep 20, 2017 7:13 pm

    Russia’s Arctic Oil Is Off Limits For Private Drillers

    http://oilprice.com/Energy/Crude-Oil/Russias-Arctic-Oil-Is-Off-Limits-For-Private-Drillers.html
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    kvs

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    Re: Russian Oil and Gas Industry: News

    Post  kvs on Sat Sep 23, 2017 6:02 pm

    This is important for context:

    http://consciousnessofsheep.co.uk/2017/09/22/fracking-technological-breakthrough-is-theft/

    In effect, the fracking companies have been drilling into oil deposits already owned by conventional oil companies…
    and damaging the existing wells in the process. This is likely to result in lengthy court disputes that will add to the financial
    woes of the fracking companies.

    Fracking will not make America great again.
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    PapaDragon

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    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Tue Sep 26, 2017 8:51 pm


    What Sanctions? Russian Oil Knocks Exxon Off Its Pedestal

    https://www.forbes.com/sites/kenrapoza/2017/09/26/russia-gazprom-exxon-platts-big-oil/#4152f832579b

    Sanctions have not had any real impact on Russian oil and gas giant Gazprom. It toppled Exxon's 12-year reign as the world's leading energy company, according to S&P Global Platts rankings released on Sunday......
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    PapaDragon

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    Re: Russian Oil and Gas Industry: News

    Post  PapaDragon on Tue Oct 03, 2017 3:21 am

    '
    EU lawyers give Russia pipeline a free pass


    https://euobserver.com/energy/139236

    Austin

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sat Nov 04, 2017 10:36 am

    Russia And China Continue To Boost Oil Ties

    http://www.nasdaq.com/article/russia-and-china-continue-to-boost-oil-ties-cm857368


    EIA: Russia Oil Market Overview

    http://www.hellenicshippingnews.com/eia-russia-oil-market-overview/

    Austin

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Thu Dec 21, 2017 10:10 am

    Gazprom, CNPC sign agreement on basic conditions of gas supply from Far East to China

    More:
    http://tass.com/economy/982188

    MOSCOW, December 21. /TASS/. Chief Executive Officer of Russia’s Gazprom company Alexey Miller and Chairman of China National Petroleum Corporation (CNPC) Wang Yilin have signed an agreement on the basic conditions of gas supply from Russia’s Far East to China, Gazprom said in a statement.

    "The document determines the main parameters of the future supplies, including their volume, the contract period, the timeframe to start the deliveries, the period to increase supplies and the border crossing point. The parties plan to sign the contract in 2018," the statement reads.

    During the working meeting in Beijing, the sides gave high marks to gas partnership, noting that the companies are successfully implementing the project to export Russian gas to China via the so-called ‘eastern route’, and cooperating in a number of other areas, including underground gas storage, gas power generation, use of gas as motor fuel.

    China’s state oil and gas company CNPC is Gazprom’s main partner in the country.

    Currently, Gazprom is building the Power of Siberia gas pipeline, which will pump natural gas from the giant Chayanda oil and gas condensate deposit in Yakutia and the Kovykta gas condensate field in the Irkutsk Region in Eastern Siberia to deliver gas to the domestic market (via Khabarovsk to Vladivostok) and further on for exports to China. The pipe's section aimed for China will be built near Blagoveshchensk. The eastern route stipulates the supply of 38 billion cubic meters of natural gas to China annually within 30 years.

    In 2017, Gazprom investment in the Power of Siberia pipeline increased to 158.811 billion rubles ($2.7 bln) from 76.162 billion rubles ($1.3 bln) .

    The terms of the partnership in design, construction and operation of the cross-border zones of the gas pipeline are defined by an intergovernmental agreement dated October 13, 2014

    In 2015, Gazprom and CNPC signed an agreement on the basic conditions of pipeline gas deliveries from Western Siberia to China via the "Western" route (Power of Siberia-2 pipeline). Initially supplies are envisaged at 30 billion cubic meters of gas per year.

    Also in 2015, Gazprom and CNPC signed a memorandum of understanding on the project of pipeline shipments of natural gas to China from Russia’s Far East.

    Austin

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Thu Dec 28, 2017 8:09 am

    Russia’s and China’s secret weapon to take down US economic dominance

    http://russiafeed.com/russias-chinas-secret-weapon-take-us-economic-dominance/
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    miketheterrible

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    Re: Russian Oil and Gas Industry: News

    Post  miketheterrible on Mon Jan 01, 2018 5:32 am

    This one is really interesting

    https://www.rt.com/business/414447-russia-natural-gas-fuel-putin/

    Putin says Russia should ditch petrol in favor of natural gas fuel

    In other words, that the entire nation should switch over to Natural gas (besides others like Electric) for fuel simply because:
    1) its significantly cheaper
    and
    2) its much cleaner

    I would add to it as well that Natural Gas is a continuous product of nature (dead plants produce the gas as example) while oil is not. On top of that, it will bring high demand for gas which then will mean increase in infrastructure needed for processing the gas and transportation.

    Sponsored content

    Re: Russian Oil and Gas Industry: News

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