Russian Oil and Gas Industry: News

https://www.rt.com/business/335088-rosneft-vietnam-drilling-exploration/

Russian energy major Rosneft has begun drilling an offshore exploration well in Vietnam, according to the company.

The expected recoverable reserves of natural gas are estimated at 12.6 billion cubic meters (bcm) with 0.6 million tons of gas condensate, says Rosneft.

The well is located in the Nam Con Son basin, and will drill to a depth at around 1380 meters in an area of sea 162 meters deep.

par far wrote:Can't believe no one talking about this.

"Russia may be running out of oil".



https://www.rt.com/business/334970-russia-oil-reserves-depletion-2035/

They keep telling stuff like that for the past 60 years and we are at the PEAK of oil production.

AlfaT8 wrote:

Werewolf wrote:

par far wrote:Can't believe no one talking about this.

"Russia may be running out of oil".



https://www.rt.com/business/334970-russia-oil-reserves-depletion-2035/

They keep telling stuff like that for the past 60 years and we are at the PEAK of oil production.

Agreed, these prediction always have some lose ends, and how is this even possible with Russia not yet fully exploiting there Arctic regions?

Not to mention how many unexplored fields there must be in entire Russia, it is the largest country bigger than a few continents and still so many places undiscovered and unchecked for resources and this is kept that way due to the communist doctrine to keep russians away from russian resources which belong to an elite...according to the elite which controls still to many aspects in russia and with high fideltiy the resources cooperated with CBR scum.

par far wrote:Can't believe no one talking about this.

"Russia may be running out of oil".



https://www.rt.com/business/334970-russia-oil-reserves-depletion-2035/

Nothing surprising here. Oil fields don't last forever and it is a fact that globally the discovery of new oil fields of any significance has basically
collapsed. The current conventional oil field discovery rate is only 1/8 (i.e. 12.5%) of that needed to maintain existing reserves. It has been
non-conventional oil production in the USA and biofuels globally that has kept the illusion of that oil supply is unconstrained. The current oil
"glut" can disappear in a very short period of time if enough US fracking operations shut down. In addition, Saudi Arabia is a "dead man walking"
and its crown jewel Ghawar (the largest oil field on the planet and another such as it will never be discovered) will undergo the same collapse
that the Yibal field experienced in Oman. When the water to oil ratio hits around 45:55 there will be an inversion of the emulsion regime in the
rock matrix. Right now oil flows through the rock matrix with microscopic water droplet inclusions, it will phase change to a regular emulsion where
it will be the water that flows and the oil droplets will remain trapped in the rock. Ghawar is a very old field and is very close to this transition.
So we can see the disappearance of 10 million barrels per day of production over the span of a few years from production failure in many locations.

Werewolf wrote:

par far wrote:Can't believe no one talking about this.

"Russia may be running out of oil".



https://www.rt.com/business/334970-russia-oil-reserves-depletion-2035/

They keep telling stuff like that for the past 60 years and we are at the PEAK of oil production.

A trick to increase oil price ? After all, Obama shale oil is dead already and there is no reason to keep the price low.

As far as I know, Russian oil are sold in dollar but the price are fixed to ruble.

Which means, while Russian oil in USD may up and down, Russian oil in ruble stay roughly the same.

Which means, oil price in USD is controlled by ruble exchange ratio. And by Russian goverment.

Pls correct me if I am wrong.

Back to business.

https://www.rt.com/business/353350-russia-turkish-stream-negotiations/?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome

Turkey has confirmed it’s ready to continue negotiations on the Turkish Stream gas pipeline project, said Russian Deputy Prime Minister Arkady Dvorkovich as representatives from the energy ministries of the two countries met on Tuesday.

Good.

This deal was going to be good for Turkey and for Russia... I would like to see it go ahead.

I suspect the whole idea is to separate itself from the whining EU... deliver it to Turkey and they can deliver it to EU on their terms... ie not Russias problem any more.

Austin wrote:Sad news for Nord Stream 2

Poland Roadblocks Russia's Nord Stream 2 Pipeline

Poland and its master, Uncle Scam, are under the delusion that Russia gives a f*ck. Transit of gas via Banderastan
will stop by 2018 regardless of the completion of Nord Stream II or not. These clowns actually expect Russia to subsidize
the butchers in Kiev. Russia is not that desperate and not that stupid.

BTW, please do not link to Forbes, cut and paste some relevant quotes. It is a garbage website that insists adblocking software be
disabled. I am not going to expose my computer to malicious javascript that is part of these precious ads that installs malware. I have
burned myself once already by disabling adblocking on a website.

http://www.nord-stream2.com/media-info/news/signatories-of-nord-stream-2-shareholder-agreement-withdraw-merger-clearance-application-in-poland-22/

Signatories of Nord Stream 2 Shareholder Agreement Withdraw Merger Clearance Application in Poland

-Implementation of Nord Stream 2 proceeds as planned
-Prospective Shareholders to continue close cooperation

Aug. 12, 2016 | Zug | The signatories of the Nord Stream 2 AG shareholders’ agreement have today withdrawn their application for a merger clearance proceeding in Poland. This decision does not affect implementation of the project, which continues as planned.

The decision only affects the acquisition of the existing project company’s shares by Gazprom’s Western partners. The current ownership of shares in Nord Stream 2 AG remains unchanged. The implementation schedule of the Nord Stream 2 project also remains unchanged. The prospective shareholders will continue their close cooperation and their mutual efforts towards strengthening the security of the European gas supply.

Looks like Uncle Scam's poodle Poland managed to break up the Nord Stream consortium:

http://www.naturalgaseurope.com/gazprom-soldiers-on-with-nord-stream-ii-31101

Poland has achieved a significant victory in its battle against German and Russian energy collaboration. Daunted by Polish regulations, five international giants in the natural gas industry announced Aug. 12 that they had pulled out of an agreement to join Russian state-owned gas company Gazprom in the Nord Stream II AG consortium.

Time for Russia to take action:

1) The Duma should pass legislation that no gas for any reason should transit Banderastan (formerly known as Ukraine)
on the basis of gross human rights abuses, war crimes and aggression (e.g. attempted terrorism) against Russia.

2) All gas transit through Banderastan should stop in January 2016.

3) Let the EU find the alternative sources of gas (e.g. LNG) that it is always yammering about.