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    Russian Oil and Gas Industry: News

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    GarryB
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    Re: Russian Oil and Gas Industry: News

    Post  GarryB on Tue Jun 18, 2013 10:27 am

    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.

    Very few actual customers will be share owners, and I doubt share price entered the Pentagons mind when it bought some more Russian helicopters recently for the Afghans.


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    Austin
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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Wed Jun 19, 2013 2:00 pm

    Whats got Pentagon deal got to do with Gazprom declining fortunes.

    Companies all over the world do depend on stock market to know the health of company and to raise capital and increase its market value. Gazprom is no different , dropping share price means the company health is not well.

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Wed Jun 19, 2013 2:05 pm

    Oil and gas: Gazprom looks east to restore fortunes as US shale gas booms

    Gazprom and CNPC poised to strike long-term deal on Russia gas exports to China by year end – Gazprom

    sepheronx
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    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Wed Jun 19, 2013 9:15 pm

    Austin wrote:Whats got Pentagon deal got to do with Gazprom declining fortunes.

    Companies all over the world do depend on stock market to know the health of company and to raise capital and increase its market value. Gazprom is no different , dropping share price means the company health is not well.

    Shares is one thing, the other thing is the companies status of either a private owned or state run.  Seeing as this company is state run, there will always be bailouts or whatnot, all depends on the assets the company has.  Gazprom's profits have still been in the Billions and that is better than a lot of companies.  Gazprom is poorly managed and companies like Rosneft are actually growing which could outpace rosneft in finances but not in assets.  If something happened to Gazprom, you would guarentee to see its assets being distributed to the other state run companies or sold off to the private JV's.

    Gazprom isn't really a good indicator to the countries economy.  As much as the GDP growth has slowed down to a now expected 2.6% annual growth, it is to due not just with oil and gas, but the general outlook of the other countries and less people to sell to.  And this is the problem with the world economy and the whole WTO.  If Russia relied more on the sale of goods to their own citizens, they may not be as wealthy per the banks measurements, but they would be wealthier in quality of life and as well, be safe from any of this mess.

    Oil and gas only contributed something like 10% - 20% back in 2008 to its economy, and as much as that is a lot, it is not nearly as much as a contributor as to things like the other resources (water, coal, lumber, etc) and other assets like Energy and manufacturing.  It is just one sector out of many but so happens to be a quick profiter with little extra expenses (as most expenses end up being subsidized by the federal government).

    Austin, just like on the other forums, you are stuck on the assumption that Oil and Gas is the entire aspect of the Russian economy, which it isn't.  As well, you think that Gazprom is the center of it all, which (regardless of what media assumes), it isn't.  Gazprom is powerful simply because it has the most amount of assets, probably one of the largest in the world.  Those assets alone are worth more than the revenue of the company itself.  Bad management will always exist, but they need to deal with these managers so that Gazprom can continue to progress.

    I think they also lied on the value of their stocks, seeing as how their stocks dropped significantly.  It was dubious at best regarding the value of their stocks in their prime.

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    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Thu Jun 20, 2013 6:16 pm

    Increasing oil supplies to China 

    Rosneft’s Oil Supplies to China to Top $60Bln – Putin

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    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Fri Jun 21, 2013 11:13 am

    It was about time Russia starts supplying China with oil and gas and China gets another energy supply route the one not controlled by US.


    Russia Clinches $270 Bln Oil Export Deal With China

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    Re: Russian Oil and Gas Industry: News

    Post  Cyberspec on Fri Jun 21, 2013 12:49 pm


    Viktor wrote:Russia Clinches $270 Bln Oil Export Deal With China


    That's BIG news

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    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Tue Jul 02, 2013 5:40 pm

    It will be interesting to see if some new arms deals has been signed

    Venezuela, Russia Have Huge Investment Potential – Putin

    Rosneft and Venezuela’s PDVSA Sign Shelf Exploration Deal

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Tue Jul 02, 2013 6:26 pm

    Venezeula has the largest Oil Reserves in the Worls specially tar oil and its conventional reserves are also very high.

    So its in Russias interest to pursue these opportunities and make most of it as long as Maduro is in power , the other guy who got narrowly defeated does not appear to be friendly to Russia.

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Tue Jul 02, 2013 6:27 pm

    Viktor would have have any information from Russian source that would put an accurate picture on Russian Oil reserves as well as Russian Oil reserves in the Arctic.

    I have been trying to get more information on this but information is vary

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Tue Jul 02, 2013 6:30 pm

    Gas-exporting countries agree to support oil price link

    http://www.aawsat.net/2013/07/article55308120

    I think except for Qatar all were in favour and we know why Qatar wasnt

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    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Tue Jul 02, 2013 8:48 pm

    Austin wrote:Venezeula has the largest Oil Reserves in the Worls specially tar oil and its conventional reserves are also very high.

    So its in Russias interest to pursue these opportunities and make most of it as long as Maduro is in power , the other guy who got narrowly defeated does not appear to be friendly to Russia.

    Yup, the "other guy" Capriles openly said he would instantly derail all relations with Russia and China and kick out all Cuban doctors out of the country (6000 of them

    are working in Venezuela in exchange for oil).

    Sorry, I have no info about Artic reserves.




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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Wed Jul 03, 2013 8:16 pm

    Found some good document on Arctic Resources

    The potential for hydrocarbon resource development on the Russian Arctic Ocean Shelf

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    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Wed Jul 03, 2013 11:11 pm

    Austin - you are the real treasure of this forum Very Happy 

    tnx man.

    Final nail in the coffin of Nabucco saga

    Azeri consortium opts for TAP over Nabucco pipeline

    Azeri (Shah Deniz company) opted for TAP project over Nabucco project.



    Shah Deniz company:

    - 25% BP
    - 25% Statoil (Norway)
    - 10% Lukoil
    - 10% SOCAR (Azeri)
    - 10% Total (French)
    - 10% NIOC (Iran)
    - 10% TPAO (Turkey)

    That company choose TAP (Switzerland (Axpo), Norway(Statoil), German(EON) over Nabucco West.


    TAP project




    according to initial EU/USA plan Nabucco was to collect gas from Turkmenistan and Azerbaijan giving those countries necessary means to lead
    its policies independent from Russia. It was kind a plan to isolate Russia from central Asian countries and to relieve EU from dependency on Russian gas.  


    Later Nabucco was altered without Turkmenistan after it repeatedly failed to provide answer to EU proposals.

    after that all is history - after 20 years Nabucco project is a failure as has failed to secure gas and TAP provides no challenge to South Steam as its capacity

    is 6+ times larger than TAP and therefore TAP can not provide any meaningful amount of gas to EU customers.


    Austin
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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Thu Jul 04, 2013 2:12 pm

    Good post , More on this i will post.

    It seems in future EU will have more of LNG too so Gazprom is building terminals for LNG and also Rosneft too.

    Another post on this issue

    Nabucco: How the pipeline became a pipedream
    Nabucco was the lynchpin of America’s grand strategy to isolate Russia, but in the end the hunter became the hunted.

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Thu Jul 04, 2013 2:16 pm

    Russia’s energy strategies in the Arctic

    More than 60 percent of Arctic oil and gas resources are deposited in areas which belong to or are claimed by the Russian Federation. It accounts for 375 billion barrels of oil. According to BP's Statistical Review of World Energy, this is much more than the oil reserves of Saudi Arabia and the gas reserves of Qatar taken together. More than 200 prospective (D1, D2, and D3 categories) and more than 20 proved or expected (A, B, C1, and C2 categories) oil and gas fields are located in the Arctic Ocean, primarily in the Barents Sea and Kara Sea.

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    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Thu Jul 04, 2013 3:11 pm

    New large oil and gas contracts - Rosneft with Venezuela. (Bolivia invited Gazprom)

    More than oil

    http://sdelanounas.ru/blogs/36060/

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    Russian Oil and Gas Industry: News

    Post  Austin on Sat Jul 06, 2013 7:22 pm

    Ernst & Young Arctic Oil & Gas

    http://www.ey.com/Publication/vwLUAssets/Arctic_oil_and_gas/$FILE/Arctic_oil_and_gas.pdf

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Fri Jul 12, 2013 1:42 pm

    Russia has officially disclosed its Oil and Gas Reserves today , Any news on the numbers and how it compares with the projection ?

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Fri Jul 12, 2013 2:52 pm

    Ok found it

    Russia’s recoverable oil reserves in ABC1 categories at 17.8 bln tons

    MOSCOW, July 12 (Itar-Tass) - As of January 1, 2013, Russia had 17.8 bln tons of recoverable crude oil in the ABC1 categories, Natural Resource Minister Sergei Donskoi said Friday at a conference on the reserves of oil. The oil reserves of the C2 category are estimated at 10.2 billion tonnes.

    Reserves in gas caps of oil fields falling into the ABC1 categories stood at 48.8 trillion cubic meters and in the C2 category, at 19.3 trillion cubic meters, he said.

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Fri Jul 12, 2013 6:12 pm

    Mother (Russia) lode: Vast extent of oil, gas reserves revealed for first time

    According to declassified data Russia holds 17 billion tons of oil and 48 billion cubic meters of gas. Moscow believes revealing the extent of the vast reserves will lead to a surge of investment in the extraction and production of hydrocarbons.

    The country’s recoverable oil reserves in the C1 category (proven reserves) totals 17.8 billion tons; category C2 (preliminary estimated reserves) is 10.2 billion tons, according to data collected on January 1, 2012.

    Meanwhile, gas reserves were equally bountiful at 48.8 trillion cubic meters C1 category; gas stores of the C2 category is estimated at 19.6 trillion cubic meters.

    The Minister of Natural Resources of the Russian Federation Sergey Donskoy said the resource potential for these kinds of mineral resources remains one of the most significant in the world. "I am convinced that the opening of this data will give a powerful impetus to investment in reproduction and production of hydrocarbons,” he said. He also added that Russia’s potential for the mineral resources is one of the most significant in the world.

    Russia’s available hydrocarbon potential will be able to provide the nation’s growing economy for 30 years, according to expert estimates put out by the Russian Ministry of Natural Resources and the Federal State Commission on Mineral Reserves.

    Meanwhile, increased exploration of mineral resources consistently exceed the level of production, the minister said, noting that last year 49 oil fields were discovered.

    Last week, Prime Minister Dmitry Medvedev signed a government decree that removed the lid of secrecy on oil reserve data.

    Earlier, President Putin, explained the necessary level of cooperation that exists between the domestic fuel and energy sector and foreign investors, called the former level of secrecy "an obvious anachronism."

    Putin also called on the development and approval of a new classification of Russian oil and gas reserves as close as possible to international standards.

    Before the release of the official data Russia was placed second in the world by gas reserves after Iran, with 32.9 trillion cubic meters, and eighth by crude oil reserves, after Venezuela, Saudi Arabia, Canada, Iran, Iraq, Kuwait and UAE, with 11.8 trillion cubic meters of oil.

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Fri Jul 12, 2013 7:46 pm

    Check the news and most important the comment

    http://sdelanounas.ru/blogs/36708/

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    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Fri Jul 12, 2013 8:37 pm

    Austin wrote:Check the news and most important the comment

    http://sdelanounas.ru/blogs/36708/

    Thats 56% more than the maximum estimate (LINK) up to now and sufficient for 57 years by today oil production. (Arctic not taken in the account).
    It also places Russia right after Saudi Arabia with 181.132MMbbl Very Happy russia

    (counting in 100$/barrel) That is in terms of money 1.81e13 $ Very Happy  meaning 18 100 000 000 000 $ Very Happy  meaning 18.1 trillion $ meaning in 57 year Russia will earn each

    year 317 bin $.

    If we take in the account that tax is 55% that leaves Russian government 174.5 bin $ for the next 57 years.

    Now we can play and say that during Russian rearmament it will spend 23 trillion rubles =  roughly 700 bin $ / 174.5 bin $ = 4 years.

    So if Russia would for the next 4 years spend all its money collected throughout oil taxes on military buildup it would take her only 4 years to complete the task. (even less since now is 2013) Laughing Laughing Laughing

    And all this analysis does not take in the consideration GAS !Very Happy

    Russian gas reserves just increased 2.05 TIMES in comparison with projected reserves LINK and that would be sufficient by todays gas production in Russia for 103 years (without finding any new field ..... hint Arctic)

    But what is most important in terms of money that would equal 8,8e12 $ which would make 8 800 000 000 000 $ or 8.8 trillion $ which in 103 year would give  85.57 bin $ per year and if we add taxes in the equation of roughly 45% we would get 38.5 bin $ per year on top of 174.5 bin $ from oil = 212 bin $ per year for at least 57 years.

    As Putin said that oil and gas sector brings 50% of government budget and budget for 2012 was 414 bin $ and 50% from that is 207 bin $ which is very
    close to my calculation = 212 bin $ per year. Very Happy

    - so Russia is increasing production as fast as it can to get most of the world energy market (oil, gas, nuclear, and lately still noticeable - green)
    - nuclear / green technology will free more oil and gas in Russia for export
    - Russia can freely look at the future planing how to spend every year more and more money from oil and gas in a smart and productive way
    - getting more from cooperation with other countries with huge reserves (Venezuela and Iraq) hopefully (Iran, Brasil, Australia, Vietnam etc)
    - developing arctic and by doing so developing new technologies (ship NPP, new icebreakers, investing in Murmansk, expeditionary military forces, new satellites etc)

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sat Jul 13, 2013 7:31 am

    Viktor , Good Back of the paper calculation thumbsup 

    I should add that Russia would need couple of trillion as investment to find the reserves , build supply chains like pipeline , rigs for exploration .......specially in difficult to get oil like tight oil and at Arctic its expensive to drill oil.

    Are we sure the disclosure of ABC and C1 reserves does not include Arctic and Shale Oil Reserves that US EIA recently disclosed ?


    I think the first step they should take is for all public transport , rails and road they should convert to Gas/CNG which is environmently friendly and cheaper ...... also encourage sale of natural gas cars etc ......thats the best way to use reserve.

    Not to mention electrcity generation from Gas , Plus build more nuclear reactors

    Basicly free up as much Oil as possible for export and dont sell raw crude but refine it and sell it as value added products to generate more revenue.

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    Re: Russian Oil and Gas Industry: News

    Post  TR1 on Sat Jul 13, 2013 7:43 am

    Finding reserves is about to get MUCH MUCH cheaper.... Wink

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