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    Russian Oil and Gas Industry: News

    sepheronx
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    Post  sepheronx Wed Oct 29, 2014 2:15 pm

    http://en.itar-tass.com/economy/757088
    Hahahahah Rosneft, nice try.

    The companies revenue is larger than some countries. They can use their own funds to prop themselves up. Oil companies are starting to be as corrupt as construction companies and banks.
    sepheronx
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    Post  sepheronx Wed Oct 29, 2014 2:20 pm

    http://en.itar-tass.com/economy/757050

    Sounds good. Hope it goes through. Im all for diversification of energy aupplies.
    magnumcromagnon
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    Post  magnumcromagnon Wed Oct 29, 2014 5:33 pm

    sepheronx wrote:http://en.itar-tass.com/economy/757050

    Sounds good. Hope it goes through. Im all for diversification of energy aupplies.

    But solar power is a heavily state-subsided boondoggle (ironically just like Shale), maybe in 20-30 years they'll be efficient enough to replace a portion of the oil/gas industry due to advancements in technologies such as semiconductors/microprocessors, but it's not likely those oil/gas industry's will stagnate technologically and they could easily advance enough to be competitive and maintain it's lead over green energy.
    George1
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    Post  George1 Fri Oct 31, 2014 11:09 am

    Russian government to support Yamal LNG project — Putin
    sepheronx
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    Post  sepheronx Sat Nov 01, 2014 6:02 pm

    Mr. Austin, this may interest you:
    Russia-India working group to consider ground transportation of hydrocarbons
    NEW DELHI, November 1. /TASS/. Russia and India will organise a working group on ground transportation of hydrocarbons from Russia to India, Russia’s Deputy Minister of Energy Yuri Senturin told TASS on Saturday.
    The group will be organised before end of November, and its first meeting is due in early 2015, he said.
    The deputy minister participated in a meeting of a Russia-India working group on energy and energy effectiveness.
    “We have agreed to organise a working group to consider possible on-ground supplies of hydrocarbons from Russia via Central Asia to India,” he said. “The working group will have regular meetings beginning from the first quarter of the coming year.”
    The plans to organise a working group were announced in 2013, where India’s major oil and gas corporation ONGC (Oil and Natural Gas Corporation) suggested building an oil pipeline from Russia. The Corporation’s deputy head Nair said the pipeline could cross Afghanistan and Pakistan.
    Besides, the parties discussed extending to the border with India of the gas pipeline from Russia to China.
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    Post  Austin Sun Nov 23, 2014 7:48 am

    Novak: Russia will replace Western oil companies

    http://www.rg.ru/2014/11/22/neft-site.html

    In Russia will attract investment partners from countries that do not impose sanctions against Russia. This will happen if the Western oil companies decide to leave the project in the country, said today Russian Energy Minister Alexander Novak.

    "If the company in the long term will be for himself decided not to participate in the organization of investment, we will attract investors from those countries that have not adopted against us and against our oil and gas companies sanctions" - quoted Alexander Novak news agencies.

    According to him, in respect of the Russian oil and gas sector from foreign partners has developed general uncertain situation. "Western companies, on the one hand, we would like to continue to work, on the other - their regulators are not allowed to continue to participate. This uncertainty should be resolved. We will not stop, we will continue the implementation of projects. We are ready for our own investment company, or it is a partnership with companies from other countries who are willing to cooperate, "- said Alexander Novak.

    These can include including joint projects on the Arctic shelf. Summer in sectoral sanctions against Russia US and the EU are no longer imported into our country equipment for oil exploration and production, as well as for the development of deposits on the Arctic shelf. In the autumn of the sanctions were several major Russian oil companies, which are unable to borrow in the European countries, as well as acquire new technology for oil extraction.
    previously on the subject


    In the Ministry of Natural Resources had previously stated that reduce the volume of exploration in the Arctic shelf because of sanctions against Russia will not. "It's just lose the competitive advantages that we now have as a country due to the fact that we have such a resource base," - said First Deputy Minister of Natural Resources and Environment Minister Denis Temples. According to him, if it is to stop exploration in the Arctic, "we can safely lose the opportunities that now formed in the Asia-Pacific region, and that if we are not filled with hydrocarbons now, it will fill our colleagues, including those from other regions - Australia and the United States. "

    In 2015, the Arctic shelf will be drilled over 10 wells. The first oil was produced from the shelf of Russia in April this year. According to some reports in the Russian Arctic is located 106 billion tons of oil equivalent, including 69.5 trillion cubic meters of gas. In general, the Arctic is about 13 percent of the world's oil reserves and 30 percent of natural gas reserves.
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    Post  Austin Fri Dec 05, 2014 11:47 am

    The Importance Of The Cancellation Of South Stream
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    Post  Austin Sat Dec 06, 2014 11:48 am

    Gazprom Chief Interview

    Miller: "Gazprom" Changing patterns in the market of the European Union


    Stop the "South Stream" - a step to change the model of the European market, the European Union will have to buy gas at the border, said the head of "Gazprom" Alexei Miller in an interview with the program "Vesti on Saturday with Sergei Brilev " .

    "Our strategy is changing in relation to the European market, in principle, the decision to stop the "South Stream" - is the beginning of the end of our model in the market, when we focused on the delivery of the final consumer in the European market, "- said Miller.

    In turn Brilev said, not on whether the border between Turkey and Greece, European countries will have to buy gas. "Yes, without a doubt, this is the case," - said the head of "Gazprom".




    Miller: there is no guarantee that the EU will not block again "South Stream"

    No one can guarantee that when you return to the "South Stream" situation with delays and blocking of the European Union will not happen again, said the head of "Gazprom" Alexei Miller in an interview with the program "Vesti on Saturday with Sergei Brilev" .

    "In fact, if we talk about the time of the efforts that we have spent (on the" South Stream ") - a few years - of course, except for the time spent and some money ... we have gained some knowledge and experience ... Now we can say that we know very well the European bureaucracy ... Who can guarantee that this will not happen again in a month or two, half a year? " - Miller said, responding to a question on, whether there is "way back."


    Infrastructure "South Stream" is used for the gas pipeline to Turkey


    We have invested about 4 billion euros in gas transmission infrastructure in Russia to create the Southern Corridor to deliver gas to the area of ​​the Krasnodar region, for delivery to the compressor station" Russian ", and all these investments will be needed to fully implement the project offshore gas pipeline to Turkey. So everything in the house, "- said Miller.

    http://ria.ru/economy/20141206/1036932053.html


    Miller: The EU conducted a deliberate policy of blocking "South Stream"


    MOSCOW, December 6 - RIA Novosti. Frank blocking "South Stream" was a deliberate policy of the European Union, said the head of "Gazprom" Alexey Miller.

    "As for the decision to stop the project ... it is dictated by the fact that to implement the project in a delay and just plain block is basically impossible. And of course, this is a deliberate policy of the European Union. April 17 this year, the European Parliament adopted a resolution to ban the" South Stream " - Miller said in an interview with the program "Vesti on Saturday with Sergei Brilev."


    Miller: the rejection of the "South Stream" is not associated with the requirements of the European Commission


    Waiver of "South Stream" is not associated with the requirements of the EC on the third energy package, the reason is the lack of a building permit from the Bulgarian side, the head of "Gazprom" Alexei Miller in an interview with the program "Vesti on Saturday Sergei Brilev. "

    "The decision to close the" South Stream "was made during the visit of our President to Turkey, but this day came pipe-laying vessel in the Black Sea in order to carry out the work already laying the pipe. But how can you perform these works, when Bulgaria no building permits issued in the territorial waters, the exclusive economic zone and not given permission to build on land ... This question is irrelevant to the third energy package ", - explained Miller.
    Miller: The Russian Federation will provide Ukraine with gas, necessary for domestic consumption


    MOSCOW, December 6 - RIA Novosti. Russia will supply Ukraine needs for domestic consumption amount of gas, while Europe will receive fuel alternative routes, the head of "Gazprom" Alexei Miller in an interview with the program "Vesti on Saturday with Sergei Brilev" .

    "In fact, the volumes that Ukraine necessary for its domestic consumption, we will provide. In Europe, deliveries will be carried out alternative routes," - said Miller, commenting on the refusal of Ukraine as a transit country on the conditions of existence in the "Nord Stream" and a new gas pipeline flowing from Russia to Europe via Turkey.



    Miller: the role of Ukraine as a transit gas will turn into nonsense


    The role of Ukraine as a transit gas is reduced to zero as collectively, the "Nord Stream" pipeline and through Turkey, said the head of "Gazprom" Alexei Miller in an interview with the program "Vesti on Saturday with Sergei Brilev" .

    During the interview Brilev Miller asked the question of whether a set of turn "Nord Stream" to bypass Ukraine and a new route through Turkey Ukrainian transit nonsense and if the company refuses to Ukraine as a transit country on in principle.

    "Yes, in fact, the role of Ukraine as a transit country is reduced to zero," - said Miller.

    http://ria.ru/economy/20141206/1036931781.html
    kvs
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    Post  kvs Wed Dec 10, 2014 8:18 pm

    http://www.euractiv.com/sections/energy/russia-confirms-decision-abandon-south-stream-final-310712

    Bulgaria gets all the blame

    But yesterday Russia dispelled hopes that the project could still be realised as initially planned, blaming Bulgaria.

    Speaking to TV channel Russia 24’, Gazprom’s CEO Alexei Miller confirmed that the decision to abandon South Stream was final.

    Referring to Putin’s visit to Turkey, Miller said that the Turkish side has been aware of Russia’s plans to abandon South Stream, but the final decision was taken during talks between Putin and his Turkish colleague Recep Tayyip Erdoğan.

    “South Stream is cancelled. Bulgaria did not give a construction permit to build South Stream neither onshore, nor in its territorial waters and economic zone. This doesn’t concern the Third Energy Package, and the European Commission is not the one to blame in this particular situation. It is the Bulgarian government that did not provide us with the construction permits. Therefore, the definitive decision to cancel the project was made”, Miller said.

    The Gazprom chief said Bulgaria will bear significant losses due to the South Stream cancellation. “Approximately €3bn will not be invested in Bulgaria. More than 6.000 jobs will not be created. Moreover, Bulgaria will lose its status of a transit country. For the time being, Bulgaria transits 18 bcm of gas to Turkey, Macedonia and Greece. Once the new pipeline is built, these gas volumes will go via Turkey," Miller said.

    He also said that once the new pipeline to Turkey becomes operational, the role of Ukraine as a transit country “will be reduced to zero”.

    “Gas will not pass through Ukraine or Bulgaria, but will be delivered to the EU from another side. Once the pipeline reaches the EU, European consumers can pick up gas at the Turkey-Greece border. In this case, the Third Energy Package norms will not be applied to these deliveries,” Miller said.

    I love this. A nice quick kick to the gonads for the eurotard Russia haters.
    TR1
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    Post  TR1 Wed Dec 10, 2014 8:55 pm

    The whole South Stream scenario has been fascinating.

    Russia definitely should have been turning towards Turkey over failed "brothers" like Ukraine long ago. The political will and economic fortitude is there.
    Viktor
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    Post  Viktor Fri Dec 12, 2014 9:39 pm

    Nice thumbsup

    Russia’s Rostec to Build Oil, Gas Infrastructure for Pakistan From 2015
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    Austin


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    Post  Austin Wed Dec 24, 2014 3:39 pm

    Russian oil major Rosneft to yield over $2.8 trillion in revenues from Arctic development

    Rosneft’s aggregate revenue from the program implementation will exceed expenditures by more than seven times through the multiplier effect, the company said


    MOSCOW, December 24. /TASS/. Russian oil major Rosneft will invest $400 billion in its program of Arctic shelf development over 20 years and expects to earn more than $2.8 trillion from the program’s implementation, according to materials posted on Rosneft’s website.

    Rosneft’s aggregate revenue from the program implementation will exceed expenditures by more than seven times through the multiplier effect, the company said.

    Rosneft, which is the world’s largest company by output, said in its materials that the Russian Arctic would account for 20-30% of Russia’s total oil production by 2050.

    According to data of Russia’s Natural Resources Minister Sergey Donskoy, initial recoverable oil reserves in the Russian Arctic amount to about 7.7 billion tons, including 500 million tons on the Arctic shelf.

    By today, 594 oil and 159 gas deposits have been discovered in the Russian Arctic, as well as 2 large nickel and over 350 gold fields.

    Aggregate recoverable hydrocarbon reserves in the Russian Arctic are estimated at 258 billion tons of conventional fuel or 60% of Russia’s total hydrocarbons.

    At the same time, the Arctic zone’s unexplored potential equals over 90% on the shelf and 53% on the ground.
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    par far


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    Post  par far Wed Dec 24, 2014 4:24 pm

    Austin wrote:Russian oil major Rosneft to yield over $2.8 trillion in revenues from Arctic development

    Rosneft’s aggregate revenue from the program implementation will exceed expenditures by more than seven times through the multiplier effect, the company said


    MOSCOW, December 24. /TASS/. Russian oil major Rosneft will invest $400 billion in its program of Arctic shelf development over 20 years and expects to earn more than $2.8 trillion from the program’s implementation, according to materials posted on Rosneft’s website.

    Rosneft’s aggregate revenue from the program implementation will exceed expenditures by more than seven times through the multiplier effect, the company said.

    Rosneft, which is the world’s largest company by output, said in its materials that the Russian Arctic would account for 20-30% of Russia’s total oil production by 2050.

    According to data of Russia’s Natural Resources Minister Sergey Donskoy, initial recoverable oil reserves in the Russian Arctic amount to about 7.7 billion tons, including 500 million tons on the Arctic shelf.

    By today, 594 oil and 159 gas deposits have been discovered in the Russian Arctic, as well as 2 large nickel and over 350 gold fields.

    Aggregate recoverable hydrocarbon reserves in the Russian Arctic are estimated at 258 billion tons of conventional fuel or 60% of Russia’s total hydrocarbons.

    At the same time, the Arctic zone’s unexplored potential equals over 90% on the shelf and 53% on the ground.


    This is very good news but Russia needs to be careful because the Zionists will be attacking Russia like never before because they want everything thing(greedy bastards).

    The question is does Russia have what it takes to defend it self and it's interests in the Arctic and around the world?


    Last edited by par far on Wed Dec 24, 2014 4:49 pm; edited 1 time in total
    sepheronx
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    Post  sepheronx Wed Dec 24, 2014 4:38 pm

    I would say yes, cause they have military bases in the arctic now and tested their subs in those regions and were able to successfuly launch missiles from sub through the ice.

    Unless the US really wants to get nuked, I doubt anyone will attempted other than trying to scare Russia (which I think Russia will just call their bluff).
    medo
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    Post  medo Wed Dec 24, 2014 6:17 pm

    par far wrote:
    Austin wrote:Russian oil major Rosneft to yield over $2.8 trillion in revenues from Arctic development

    Rosneft’s aggregate revenue from the program implementation will exceed expenditures by more than seven times through the multiplier effect, the company said


    MOSCOW, December 24. /TASS/. Russian oil major Rosneft will invest $400 billion in its program of Arctic shelf development over 20 years and expects to earn more than $2.8 trillion from the program’s implementation, according to materials posted on Rosneft’s website.

    Rosneft’s aggregate revenue from the program implementation will exceed expenditures by more than seven times through the multiplier effect, the company said.

    Rosneft, which is the world’s largest company by output, said in its materials that the Russian Arctic would account for 20-30% of Russia’s total oil production by 2050.

    According to data of Russia’s Natural Resources Minister Sergey Donskoy, initial recoverable oil reserves in the Russian Arctic amount to about 7.7 billion tons, including 500 million tons on the Arctic shelf.

    By today, 594 oil and 159 gas deposits have been discovered in the Russian Arctic, as well as 2 large nickel and over 350 gold fields.

    Aggregate recoverable hydrocarbon reserves in the Russian Arctic are estimated at 258 billion tons of conventional fuel or 60% of Russia’s total hydrocarbons.

    At the same time, the Arctic zone’s unexplored potential equals over 90% on the shelf and 53% on the ground.


    This is very good news but Russia needs to be careful because the Zionists will be attacking Russia like never before because they want everything thing(greedy bastards).

    The question is does Russia have what it takes to defend it self and it's interests in the Arctic and around the world?

    Russia have the largest arsenal of nukes.
    George1
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    Post  George1 Tue Jan 06, 2015 8:52 pm

    Russia boosts 2014 oil output by 0.6% to post-Soviet high of 526 mln tons
    Kyo
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    Post  Kyo Fri Jan 16, 2015 8:38 pm

    Gazprom tells EU no deal on South Stream Restart. EU free to get Russia gas in Turkey. Now it's Gazprom that has no time for EU:

    • No deal on Ukraine gas discunt
      No deal on South Stream restart
      Announces it will drop Ukraine as a transit country


    http://russia-insider.com/en/2015/01/15/2440

    Viktor
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    Post  Viktor Fri Jan 16, 2015 8:48 pm

    Kyo wrote:Gazprom tells EU no deal on South Stream Restart. EU free to get Russia gas in Turkey. Now it's Gazprom that has no time for EU:


    • No deal on Ukraine gas discunt
      No deal on South Stream restart
      Announces it will drop Ukraine as a transit country


    http://russia-insider.com/en/2015/01/15/2440


    It was about fricking time thumbsup

    Now China (Russia ally) will benefit from cheap Russian energy and not EU.
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    Post  Kyo Fri Jan 16, 2015 10:54 pm

    Funny thing the article says how Merkel's Germany ruthlessly secured its own gas supplies through North Stream while at the same time deeply sabotaging southern Europe's supplies through South Stream.
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    Post  flamming_python Fri Jan 16, 2015 10:59 pm

    Kyo wrote:Gazprom tells EU no deal on South Stream Restart. EU free to get Russia gas in Turkey. Now it's Gazprom that has no time for EU:


    • No deal on Ukraine gas discunt
      No deal on South Stream restart
      Announces it will drop Ukraine as a transit country


    http://russia-insider.com/en/2015/01/15/2440


    That's more like it! thumbsup russia
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    Post  GarryB Sat Jan 17, 2015 10:42 am

    Hahahaha... thanks for posting... gets my vote.

    Hilarious that they have simply rejected the convoluted rules the EU developed to confound them and created a situations where they can sell the product but the EU now has to navigate their own stupid rules to organise delivery themselves... poetic justice... Twisted Evil
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    Post  medo Sat Jan 17, 2015 10:15 pm

    Kyo wrote:Gazprom tells EU no deal on South Stream Restart. EU free to get Russia gas in Turkey. Now it's Gazprom that has no time for EU:


    • No deal on Ukraine gas discunt
      No deal on South Stream restart
      Announces it will drop Ukraine as a transit country


    http://russia-insider.com/en/2015/01/15/2440


    The best news for a long time. Twisted Evil thumbsup
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    Post  AlfaT8 Sun Jan 18, 2015 5:52 am

    Kyo wrote:Gazprom tells EU no deal on South Stream Restart. EU free to get Russia gas in Turkey. Now it's Gazprom that has no time for EU:


    • No deal on Ukraine gas discunt
      No deal on South Stream restart
      Announces it will drop Ukraine as a transit country


    http://russia-insider.com/en/2015/01/15/2440

    Woow, that's a hell of a move, now the U.S has to go destabilize....Turkey Twisted Evil
    George1
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    Post  George1 Tue Jan 20, 2015 5:33 pm

    Sakhalin-1 Consortium Starts Oil Production at Project's Third Field

    The consortium of companies participating in the international oil project Sakhalin-1 have started oil production at the project’s third oil field, Arkutun-Dagi, which will provide about $9 billion for Russia’s regional and state budget in the next 10 years.

    MOSCOW, January 19 (Sputnik) – Companies participating in the international oil project Sakhalin-1 have started oil production at the project’s third oil field, Arkutun-Dagi, Russian energy company Rosneft stated on its website Monday.

    The deputy head of ExxonMobil Development Company, a participant in the consortium, congratulated the team on the opening.

    “I congratulate the team for the safe and successful development of Sakhalin-1’s third field, Arkutun-Dagi. The start-up of this field will continue to add to the benefits the community is receiving through the development of the Sakhalin-1 project,” Exxon’s James Flood was quoted as saying on Rosneft website.

    Arkutun-Dagi will bring the total daily amount of extracted oil at all three Sakhalin-1 fields to more than 27,000 metric tons, according to the Rosneft statement, with annual production capacity reaching 4.5 million metric tons. Production at the Berkut platform will provide about $9 billion for Russia’s regional and state budget in the next 10 years, Rosneft stated.

    Arkutun-Dagi is the latest of the Sakhalin-1 oil fields to come on stream, following the Chayvo field, which started operations in 2005, and the Odoptu field, which was launched in 2010.

    Sakhalin-1 is a large-scale project, carried out under a production sharing agreement (PSA), signed in 1996. The production is being carried out on the northeastern shelf of Sakhalin Island. The project involves four participants – Russian Rosneft, which owns a 20-percent share in the project, US company ExxonMobil, which owns 30 percent, Japanese Sodeco with 30 percent, and the Indian ONGC Videsh, which has a 20-percent share.
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    Post  Kyo Tue Jan 20, 2015 10:17 pm

    New geopolitics with Russia,Turkey gas deal

    Sponsored content


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      Current date/time is Mon Nov 18, 2024 9:42 am