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    Russian Oil and Gas Industry: News

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    Karl Haushofer


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    Post  Karl Haushofer Sun Nov 15, 2015 12:38 am

    AlfaT8 wrote:
    sepheronx wrote:
    Karl Haushofer wrote:
    George1 wrote:Russia is not going to cut oil production — Energy Minister

    How many more years or decades can Russia maintain it's current output?

    Very long time.  Hundreds of years with current fields.  With new fields, even longer.

    Gas yes, but oil, not sure? scratch

    I guess the fate of long-term Russian oil industry relies on Arctic oil and shale oil from the Bazhenov formation.
    sepheronx
    sepheronx


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    Post  sepheronx Sun Nov 15, 2015 12:55 am

    There are plenty of Russian fields, especially untapped.  Recently more wells appeared in Russia.  Was on sdelanounas.
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    Karl Haushofer


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    Post  Karl Haushofer Sun Nov 15, 2015 1:18 am

    sepheronx wrote:There are plenty of Russian fields, especially untapped.  Recently more wells appeared in Russia.  Was on sdelanounas.
    It depends how big the new finds are.

    I have read that the existing wells in places like Khanty-Mansyisk have already matured.
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    Austin


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    Post  Austin Mon Nov 16, 2015 12:40 pm

    Energy called terms of balancing the oil market

    According to Alexander Novak, the imbalance of supply and demand on the oil market shrinking, the surplus will disappear in the second half of 2016

    http://www.interfax.ru/business/479503


    Moscow. November 16th. INTERFAX.RU - On the oil market is reducing the imbalance of supply and demand, excess supply will be liquidated in the second half of 2016, he told reporters Russian Energy Minister Alexander Novak.

    "What we believe is happening in the oil market? Who is reducing imbalances, the gradual reduction of the imbalance between supply and demand. It is estimated somewhere, this imbalance in the 1.5-2 million barrels per day at the beginning of the fall in prices" . - he said.

    "Today, we see that in the US where some 500 thousand barrels per day has fallen in comparison with the month of April. In general, there are other countries that are at low prices reduced production volumes," - continued the Minister.

    At the same time, according to Nowak, quickly reduced the imbalance can not be, so now the prices are quite low.

    According the Ministry of Energy, which is based on the data of the majority of experts of the oil industry, the imbalance between supply and demand must disappear in the second half of 2016. At this point, it should disappear over the supply of oil, which exceeds the increase in demand.

    Oil prices in the medium term

    According to Novak, the price of oil in the medium term in the $ 50-60 per barrel to reflect the balance of supply and demand. "As prices are difficult to predict, and, you know, there are so many different factors affect the price. I have earlier said that the price in the medium term, $ 50-60, in my opinion, will reflect a balance of supply and demand", - said, he.

    The Minister added that there are more fundamental assessment. For example, if the balance of supply and demand will turn in favor of the demand, the price of oil could rise significantly. "We do not exclude it, but I would not want to predict it, it's a thankless job," - said Novak, adding that it is better to focus on averages, which are incorporated, including in the budget.

    Consultations with OPEC

    Novak also said that OPEC is ready for consultations with Russia to assess the situation on the oil market. At the expert level there is agreement that the consultations will continue in mid-December. "We focus on mid-December. The signals are that there is a desire to such a meeting to be held, but it needs to carry out organizational work with all countries to agree," - said the minister, adding that if the agreement is reached, Russia is ready to participate in such a meeting .

    Novak believes that the consolidated position of OPEC to reduce oil production there, although there are some countries that offer such an approach.

    Energy Minister also said that he expected investment in the Russian oil sector this year will increase to expect 1 trillion 188 billion rubles. This is the case of vertically integrated companies in the oil complex.

    Energy Ministry forecasts growth in oil production in Russia in 2015 to 533 million tons (last year was 526.3 million tons).
    sepheronx
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    Post  sepheronx Tue Nov 17, 2015 5:50 am

    Karl Haushofer wrote:
    sepheronx wrote:There are plenty of Russian fields, especially untapped.  Recently more wells appeared in Russia.  Was on sdelanounas.
    It depends how big the new finds are.

    I have read that the existing wells in places like Khanty-Mansyisk have already matured.

    Lucky for me, George posted it on the website:
    Two oil fields with recoverable reserves of 30 million tons, in the Orenburg region, were opened
    sepheronx
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    Post  sepheronx Tue Dec 01, 2015 5:42 pm

    http://tass.ru/en/economy/840644

    So they propose safer method is keeping Ukraine as transit country? Lol.  I think it is high time Russia just builds a hub on the borders and EU countries then have to pau for the shipments themselves while Russia just gets its money.  Cancel all current contracts, no more discounts and simple as that.  They can purchase gas from the upcoming LNG plant.

    God damn the Europeans are retarded.
    JohninMK
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    Post  JohninMK Tue Dec 01, 2015 6:06 pm

    sepheronx wrote:http://tass.ru/en/economy/840644

    So they propose safer method is keeping Ukraine as transit country? Lol.  I think it is high time Russia just builds a hub on the borders and EU countries then have to pau for the shipments themselves while Russia just gets its money.  Cancel all current contracts, no more discounts and simple as that.  They can purchase gas from the upcoming LNG plant.

    God damn the Europeans are retarded.
    Its only a couple of the 9 Eastern Europe countries objecting that are retarded. Those in the south are acting in self interest as NS2 will reduce the need for a new southern gas pipe replacing the proposed South and Turk Streams, which will affect them.

    They do seem to be tying themselves in knots tho' as they try to argue that the Germans in particular that this extra pipe capacity means they don't have the ability to buy from anywhere but Russia and that they can't be trusted to decide what satisfies their own energy security needs.

    This is from your link, my highlights.

    In a joint letter to the European Council president Donald Tusk, the countries demand that "the proposed pipeline between Russia and Germany be put on the agenda of next month’s summit of EU leaders, in an attempt to pressure Brussels to withhold its approval," the newspaper wrote. The new pipeline, which will be the second to connect Russia and Germany under the Baltic Sea, "will increase Europe’s dependence on Russian gas monopoly Gazprom." According to the letter, the project "contradicts the EU’s own energy diversification and security policies" while the leading countries of the European Union that support it are putting their "own economic needs ahead of their energy security."
    sepheronx
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    Post  sepheronx Tue Dec 01, 2015 6:52 pm

    US dirty hands in this?
    http://sputniknews.com/politics/20151201/1031067157/usa-nord-stream-2.html
    JohninMK
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    Post  JohninMK Tue Dec 01, 2015 7:29 pm

    sepheronx wrote:US dirty hands in this?
    http://sputniknews.com/politics/20151201/1031067157/usa-nord-stream-2.html
    Definitely.
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    Post  sepheronx 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.
    sepheronx
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    Post  sepheronx 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.
    George1
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    Post  George1 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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    Austin


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    Post  Austin 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
    sepheronx
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    Post  sepheronx 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.
    sepheronx
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    Post  sepheronx Sat Dec 19, 2015 6:05 pm

    First LNG plant in Siberia to start operations in August 2016
    kvs
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    Post  kvs 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.
    sepheronx
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    Post  sepheronx 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.
    PapaDragon
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    Post  PapaDragon 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
    AlfaT8
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    Post  AlfaT8 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.
    sepheronx
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    Post  sepheronx Wed Dec 23, 2015 11:18 pm

    "Gazprom Neft" has begun shipping bitumen to Israel and Bulgaria
    higurashihougi
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    Post  higurashihougi 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.
    George1
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    Post  George1 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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    Post  Austin 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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    Post  higurashihougi 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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    Post  max steel 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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