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    Russian Oil and Gas Industry: News

    kvs
    kvs


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    Post  kvs Wed Aug 23, 2017 4:48 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.
    PapaDragon
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    Post  PapaDragon Tue Aug 29, 2017 2:53 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......
    kvs
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    Post  kvs Tue Aug 29, 2017 7:27 pm

    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.
    PapaDragon
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    Post  PapaDragon Tue Aug 29, 2017 7:40 pm

    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
    miketheterrible
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    Post  miketheterrible Wed Aug 30, 2017 12:21 am

    http://tass.com/economy/962632

    Nord Stream 2 project received 324 mln euro funding from European companies — Gazprom
    PapaDragon
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    Post  PapaDragon Sun Sep 03, 2017 3:10 pm


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

    https://sputniknews.com/business/201709031057051789-russia-china-oil-siberia/
    PapaDragon
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    Post  PapaDragon Fri Sep 08, 2017 3:34 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
    JohninMK
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    Post  JohninMK Fri Sep 15, 2017 8:49 am

    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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    Post  ATLASCUB Fri Sep 15, 2017 2:58 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.
    JohninMK
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    Post  JohninMK Mon Sep 18, 2017 5:02 am

    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

    Russian Oil and Gas Industry: News - Page 30 DJ_YY5hW4AAAqpr

    avatar
    Austin


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    Post  Austin Wed Sep 20, 2017 12:12 pm

    Can Russia Develop Its Shale Reserves?

    http://oilprice.com/Energy/Crude-Oil/Can-Russia-Develop-Its-Shale-Reserves.html
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    Post  Austin Wed Sep 20, 2017 12:13 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
    kvs
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    Post  kvs Sat Sep 23, 2017 11:02 am

    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.
    PapaDragon
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    Post  PapaDragon Tue Sep 26, 2017 1:51 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......
    PapaDragon
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    Post  PapaDragon Mon Oct 02, 2017 8:21 pm

    '
    EU lawyers give Russia pipeline a free pass


    https://euobserver.com/energy/139236
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    Austin


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    Post  Austin Sat Nov 04, 2017 4:36 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/
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    Post  Austin Thu Dec 21, 2017 3:10 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.
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    Post  Austin Thu Dec 28, 2017 1:09 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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    Post  miketheterrible Sun Dec 31, 2017 10:32 pm

    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.
    PapaDragon
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    Post  PapaDragon Mon Jan 01, 2018 10:42 pm



    Russia’s Grip On European Gas Markets Is Tightening

    https://oilprice.com/Geopolitics/International/Russias-Grip-On-European-Gas-Markets-Is-Tightening.html

    Despite years of effort from the EU, Russia’s grip over natural gas supplies in Europe is tightening, not waning.....
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    Post  GarryB Tue Jan 02, 2018 2:16 am

    The reality is that Russia has no grip on the EU... they are free to buy from anyone they like including the US.

    The fact is that they choose to buy the Russian product because it is so much cheaper... the EU can't say no because they don't want to pay more for their energy.
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    Post  ZoA Wed Jan 03, 2018 1:00 pm

    All this "dependence on Russian gas" nonsense is US effort push out Russia as a competitor in European energy markets. Doing so would secure US economic and political control over Europe as they would control all European energy supply either directly form US or via its poppet proxies like Saudi. Not to mention that would allow US to extort massive amounts of money from EU by price gouging either directly for US LNG or indirectly by middle east poppers that transfer much of their oil income back to US through petrodollar recycling mechanisms.

    In that context we can also see effort to reinstate Iranian sanctions thus preventing Iranian oil export competition, destruction of Libya as independent fossil fuel exporter, as well as recent coup d'etat in Saudi Arabia who's main agenda seems to be privatisation of Saudi state oil company to US corporations thus securing increased dominance of US over global fossil fuel markets.
    PapaDragon
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    Post  PapaDragon Wed Jan 03, 2018 6:12 pm

    '
    I don't enjoy reading economic articles (I find them quite dry and dull) but this one brought me great satisfaction. Also some folks here from old MP.net days will remember when we were warning that this exact thing will happen within several years and how everyone giggled... I don't think they would be giggling today. Cool


    Russia-China Oil Friendship Makes Crude Costlier for Europe


    https://www.bloomberg.com/news/articles/2018-01-02/russia-s-oil-friendship-with-china-makes-crude-costly-for-europe

    Europe’s set to be stuck with a higher oil bill as Russia shifts more of its supply to the Chinese oil market.

    As the world’s second-biggest economy buys more, crude shipments from the Baltic Sea port of Primorsk will be cut, according to industry consultant FGE. The reduction will push up the price of varieties available for sale to Europe. Russia is already the biggest supplier to the China, and will probably boost exports to the country by 200,000 barrels a day in 2018, FGE said.

    After a glut sparked the biggest price crash in a generation and starved Russia of oil revenues, the nation sought to boost market share in the world’s top importer. It’s now supplanted Saudi Arabia as the top exporter to China, even as the two producers lead efforts to shrink the global oversupply by curbing output. A pipeline that transports crude from the East Siberia-Pacific Ocean system has helped its mission to increase volumes.


    “Russia is starting in effect immediately to shift crude exports away from Europe to China,” FGE said in a Dec. 29 note. “While we see overall crude exports from Russia flat year-over-year in 2018, this is bullish news for the Urals price due to its lower availability, in particular from the port of Primorsk.”

    This increase in China-bound deliveries is expected to cut exports from Primorsk in January and February, and reduce pipeline flows to Eastern Europe in March, according to FGE. Shipments of the Urals grade from the port in January will likely fall by 160,000 barrels a day, compared with a year ago, while supplies from Novorossiysk in the Black Sea could remain largely flat, with some possible upside, according to the note.

    The diversions have made Urals prices stronger at the end of December, compared with a month before, according to FGE. The grade turned about 60 cents a barrel costlier relative to London’s Brent crude, the benchmark for sales of the variety, the industry consultant said. Brent was at $66.67 a barrel at 9:35 a.m. in London, rising from an average level of $64.09 last month.

    Pipeline Flows

    China imports the bulk of Russian oil via inland pipes and seaborne shipments from the eastern ports of Kozmino, De-Kastri and Prigorodnoye. A second conduit between the two countries began operations on New Year’s Day, doubling China’s ESPO crude import capacity to 30 million tons annually, or about 600,000 barrels a day. The two lines run parallel to each other between Mohe at the border and Daqing in northeast Heilongjiang Province.


    The Asian nation has also sought to expand its energy relationship with Russia. CEFC China Energy Co., a firm that’s grown from a small local trader to a global deal-making juggernaut, in November sold its first cargo of Russian crude after buying a $9 billion stake in Rosneft PJSC last year. The Russian energy giant will supply the Shanghai-based company with as much as 60.8 million tons, including the Urals, ESPO and Sokol grades, over five years.

    Russia supplied 5.12 million tons of crude to China in November, official customs data show, the equivalent of about 1.3 million barrels per day. It also aims to start natural gas sales via the Power of Siberia pipeline by December 2019.
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    Post  Cyberspec Fri Jan 05, 2018 3:54 pm

    PapaDragon wrote:'
    I don't enjoy reading economic articles (I find them quite dry and dull) but this one brought me great satisfaction. Also some folks here from old MP.net days will remember when we were warning that this exact thing will happen within several years and how everyone giggled... I don't think they would be giggling today. Cool


    Russia-China Oil Friendship Makes Crude Costlier for Europe

    The Chinese are the ones that are giggling the loudest I think...the stupidity of the EU leadership is almost unbeliavable
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    Post  miketheterrible Tue Jan 09, 2018 4:53 pm

    This should cause great embarrassment to many in the US:

    https://www.rt.com/business/415345-united-states-buying-russian-lng/?utm_referrer=https%3A%2F%2Fzen.yandex.com

    US has to buy Russian natural gas as consumer prices soar

    Russia will deliver liquefied natural gas (LNG) to the US, Kommersant daily reports. The reason for the deal is the sharp rise in gas prices on the east coast of the US.
    An LNG tanker belonging to French energy company Engie is now shipping from the British port of Isle of Grain to an American terminal, Everett, located near Boston.

    The gas being shipped is from Russia’s Yamal LNG plant, according to the newspaper. The tanker is due to arrive in the US on January 22.

    Read more at the link.

    Sponsored content


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