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Mass media / Periodicals

"Oil of Russia"

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Oil Production, including gas condensate, in Russia in January-March 2019 rose 3.4% compared to the same period last year, gas – by 3.9%, reported in the operational report of Rosstat. In particular, in March the production of oil and gas condensate in Russia grew in comparison with March of last year by 3.3% to 47.8 million tons and 10.8% compared to February 2019. gas Production in March was 60.9 billion cubic meters. The index increased in annual terms by 3.8%, month-on-month by 11.3%. Source: PRIME

Oil in the strategic reserves of the United States tainted with poisonous hydrogen sulfide, told Bloomberg the U.S. oil and gas giant Exxon Mobil. In the batch of raw materials from the strategic reserve, purchased last summer, the amount of toxic gas to 250 times higher than the technical regulations and seven times the levels deadly to humans. TOXIC FUEL one and a half million barrels acquired in August last year Exxon Mobil, the U.S. Department of energy, came from Bryan Mound storage on the plant of Exxon in Texas city. There it was discovered that the hydrogen sulfide in the raw material to five thousand parts per million (ppm), although state standards may be no more than 20 ppm. the Majority of pipelines limits the hydrogen sulfide content in oil at...

Russia in February, was again in second place in terms of oil production with the average of 10,669 million barrels a day, again beating Saudi Arabia and losing the world leadership of the United States, according to the organization "Joint initiative on oil statistics" (JODI). According to JODI, USA in February produced an average of 12,025 million barrels of oil per day, remained the largest oil producer. Third place went to Saudi Arabia with the volume of production in 10,136 million barrels per day. production in Russia, according to the organization, decreased in comparison with January by 0.05% in the US rose 1.3% in Saudi Arabia decreased by 1%. the oil Exports of Saudi Arabia in February in monthly terms decreased by 3.8% to 6,977 million barrels a...

Gazprom, according to preliminary data, from 1 January to 15 April reduced the export of gas to far-abroad countries by 9% compared to the same period of the previous year, to 56.6 billion cubic meters, says the company. "foreign countries "Gazprom" according to preliminary data, the set of 56.6 billion cubic meters of gas. This is 9% less than three and a half months, a record in 2018. The volume of exports in a number of countries since the beginning of this year has increased: for example, in Austria 18.6%, Czech Republic – 47.8%, Hungary – by 28.2%, Italy – 3.2%, Slovakia – by 11.7%," – said in the message. At the same time, the company notes that in the first half of April 2019 the volume of exports to non-CIS countries amounted to 7.8 billion cubic...

The Production of shale oil in the largest oil and gas producing regions of the United States in may increase in comparison with April by 80 thousand barrels a day to 8.46 million barrels per day, i.e., less than 1%, predicts the energy information administration (EIA), energy of the country. the biggest increase in production in may is expected to field Permian – 42 thousand barrels to 4,136 million barrels a day. in addition, according to the EIA, on the Niobrara, this growth will amount to 22 thousand barrels per day, up to 764 thousand barrels per day for Eagle Ford – 7 thousand barrels to 1,429 million barrels a day for Bakken production will increase by 11 thousand barrels, to 1,385 million a day, 6 thousand barrels of oil production will decrease at...

Duty on oil exports from Russia from may 1 will rise 7.2 per dollar to $ 104.6 dollar 97.4 dollars per ton in April, follows from the calculations of the Ministry of Finance. the Average price of Urals oil for the monitoring period from 15 March to 14 April 2019 made up 69.02 per barrel, or 503,9 dollars per ton, according to the materials of the Ministry of Finance posted on its website. the Preferential rate of duty on oil for a number of deposits of Eastern Siberia, Caspian fields and the Prirazlomnoye field in connection with new formula, adopted in the framework of the tax maneuver in the oil industry, from February 1, 2015 remains at zero. the Duty on high-viscosity oil in may will rise to 10.4 per dollar from 9.7 per dollar. the Duty on light oil...

The Board of OJSC "Gazprom" considered issues relating to preparation and holding the annual General meeting of shareholders of the company. the Board approved the proposal to hold the annual General meeting of shareholders of JSC "Gazprom" 28 June 2019 in Saint-Petersburg . the Board also approved the proposals on: the form and text of ballots for voting and formulations of decisions on issues of agenda of the meeting; order of notification of shareholders about holding of the meeting; the Bureau and the Chairman of the meeting; list of information materials for the meeting which, after review by the Board of Directors will be presented to the shareholders of PJSC "Gazprom" on time and at the address specified in the information notice of the meeting...

Rosneft, Gazprom, LUKOIL are in talks with Bahrain on projects in the oil and gas industry, said the head of Minpromtorg Denis Manturov at the meeting of the Russian-Bahraini intergovernmental Commission. "a Traditional sphere of cooperation between our countries is energy. Largest Russian company "Rosneft", "Gazprom" and LUKOIL are in talks with Bahrain on projects in the oil and gas industry," he said. In turn, the Minister of industry, trade and tourism of Bahrain Zayed bin Rashid al-zayani was also noted that the presence of Russian companies is welcome. "Recently, Bahrain has opened a new oil and gas reserves. We are now preparing for the exploration of these reserves. "Gazprom" – one of the first companies that claim to participate in this process, as...

OPEC cut oil production in March 2019 550 thousand barrels per day compared to February of the current year — to 30,13 million barrels a day, according to the monthly report by the International energy Agency (IEA). "In March, production of crude oil OPEC fell by 550 thousand barrels per day to 30.1 million barrels a day in the light of further production cuts in Saudi Arabia and its significant drop in Venezuela. The volume of production in Saudi Arabia fell to its lowest level in two years," the report says. According to the IEA, in February OPEC production was 30,68 million barrels per day. According to the report of the organization from November 2018, the level of production of OPEC countries in October 2018 was $ 32,99 million barrels per day. Thus...

, OOO "LUKOIL-Western Siberia" (100% affiliated organization of JSC "LUKOIL") commenced development drilling at two gas condensate fields in the Bolshekhetskaya depression of the Yamal-Nenets Autonomous district. The first well drilled at the Yuzhno-Messoyakhskoye and Khalmerpayutinskoye fisheries compliance with environmental requirements. the drilling Process is accompanied by geophysical studies for monitoring the condition of wells at all stages of construction and commissioning. With the purpose of studying the geological section of the productive formation to the selection of the subject core, which will comprehensively study under laboratory conditions that will clarify the basic characteristics of hydrocarbon reservoirs. Work is being done in...

NOVATEK in the first quarter of this year, according to preliminary data, gas production increased by 13% compared to the same period last year to 18.66 billion cubic meters, says the company. In General, the company increased hydrocarbon production by 11% to 147.1 million barrels of oil equivalent. Production of liquid hydrocarbons grew by 1.7 percent to 2,987 million tons. In January, the head of "NOVATEK" Leonid Mikhelson at the world economic forum stated that NOVATEK expects to increase gas production by the company in 2019, 10%, of liquid hydrocarbons by 2% compared to the previous year. Source: PRIME

The Paris agreement, signed by most countries of the world in April 2016, is aimed at taking measures to limit the global temperature rise no more than 2 0C. A radical solution to this problem is decarbonization of the global economy. Olga Vinogradova Shift of the basic energy sources sometime in the future is natural, however, predicted in many forecasts the possibility of relatively rapid transition of the world economy mainly on renewable energy resources is questionable. The facts suggest that the process may be delayed until the middle of this century and even more. alarmed by the arguments of skeptics, pointing to the fact that the energy transition from fossil to renewable energy sources (RES) will reduce the "energy density" of the dominant fuels in...

Relations between Russia and Saudi Arabia can be called the most powerful Alliance in recent years on the world hydrocarbon market. In the press it is often called "arranged marriage", and say that this is a clear rapprochement between the two largest oil exporters illustrates the new "oil right." This Alliance is primarily a result of the urgent need to stabilize the price of oil, exports of which depends the economy and stability of political regimes in both States. Besides, Russia and Saudi Arabia are trying to change the balance of power that determines the processes on the global energy market now that OPEC's influence is gradually decreasing. Tatiana Shmeleva, expert of the Institute of the Middle East Riyadh plays a key role in the oil market, and...

On the information front energy market the first months of 2019, was marked by a number of reports of record oil production in the United States. Is this true, what are the problems traditionally left outside the winning publicity and what awaits the industry in the near future? Konstantin Sergeyev Sequentially, in January and February, the experts of the Organization Data Initiative (JODI) has announced the unconditional leadership of the United States for the extraction of crude oil and the increasing backwardness of Saudi Arabia and the Russian Federation on relevant indicators. by the Way, picked up the message of this company, the majority of Russian media for some reason chose not to notice several interesting features. First, we in them was not the...

In 1994, by signing a major oil contract in the Republic – PSA block, Azeri-Chirag-Guneshli, Baku has an economic stake in the production and export of hydrocarbons. In 2008, the global economic crisis, falls in oil prices (in July, a barrel cost $ 147 in December for 33) beat a raw rate of Azerbaijan that the proceeds from the sale of oil dollars are expected to purchase abroad a wide range of products, from Airliners and Parmesan to medicines and clothing. Absolute dependence on imports, and hence, indirectly, on the volume of foreign exchange earnings for the sold oil, and de facto neutralized "record economic growth" calculated in the national currency, the manat. The GDP is measured in convertible currency, – the indicator is much more accurate. And it...