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"Oil of Russia"

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, OOO "Gazprom Geologorazvedka" completed seismic work in the North-Kharasaveysky the subsurface area in the Kara sea. during the field season of 2019, the company performed a complex of marine seismic shooting with high data recording density. The area of research amounted to 1875 sq km, of which 986 square kilometres performed in shallow water. the purpose of the geophysical studies – geological study of subsoil, prospecting and extraction of hydrocarbons within the North kharasaveiskoe subsoil area of Federal significance. Work in this area of the Arctic shelf was conducted in two stages involving two seismic vessels. In the shallow part, were involved in a boat with a shallow draft "Akademik Nemchinov", in the deep end – the ship "Academician Primakov"....

Company "Messoyakhaneftegaz", was commissioned at Vostochno-Messoyakhskoye field, horizontal well, marking the beginning of full-scale development of Achim deposits. Well with a total depth of 3.2 thousand meters gave a gushing oil inflow with the debit executable 435 tons of oil per day. This is approximately eight times higher than average on Message. the Obtained results confirmed the correctness of calculations of the project participants relatively high prospects of development "of Akimovka" reserves are estimated by geologists "Messoyaha" 35 million tons of oil, resources of 111 million tonnes. the Achimov deposits are characterized by complex geological structure, requiring the use of advanced technologies for efficient development. Deposits differ...

Gas Export "Gazprom" in January—August 2019 in terms of value decreased by 9.3% compared to the same period last year to $28,41 billion, follows from the statistics of the FCS. In January—August 2018 the income of the holding gas from gas exports amounted to $31,304 billion In real terms, gas exports in January—August of the current year decreased by 3.5% and amounted to 143.3 billion cubic meters. As previously reported by the RNS, the revenue of "Gazprom" on gas exports in 2018 grew by 28.8% compared with the previous year to $49,148 billion In real terms, exports of gas increased by 5% and amounted to 220,6 billion cubic meters. Source: RNS

Oil Exports from Russia in value terms decreased in January—August 2019 compared to the same period last year by 3% to $79,908 billion, follows from the materials of the Federal customs service (FCS). In physical terms during the reporting period, the volume of oil exports amounted to 173,445 million tons, which is 2.5% more than in the same period of 2018. the Income from the export of oil products in January—September fell by 14.9% to $43,933 billion In physical terms, exports of petroleum products decreased by 10.2% to 91,689 million tons. Source: RNS

Company Sakhalin Energy – the operator of the project "Sakhalin-2" and "Yamal LNG" received in January-August 2019 revenues from exports of liquefied natural gas (LNG) at $5.51 billion, which is 1.5 times more in comparison with the figure for the same period in 2018, follows from statistics of the Federal customs service (FCS). According to the results of January-August 2018 Sakhalin Energy and Yamal LNG received income from LNG exports in the amount of $3,768 billion. Sakhalin Energy – the operator of the project "Sakhalin-2", the first Russian project on LNG production. In the framework of the "Sakhalin-2" develops the Piltun-Astokhskoye and Lunskoye fields of the Sakhalin shelf, the recoverable reserves are estimated at 150 million tons of oil and 500...

Deputy Director General for development of offshore projects of "Gazprom" Andrei Patrushev told the conference RAO/CIS Offshore on the necessary steps for effective industrial development of the Arctic. It is noted that the uniqueness of the Russian Arctic shelf and its attractiveness to potential investors is the presence of significant resource potential. Now the world's continental shelf accounts for about 30% of the production of hydrocarbons. The development of Arctic fields, for example, in the Pechora sea, hampered by climatic, geographical and geological factors: the considerable depth of productive deposits and complex ice situation. In the current environment is having a significant effect on the economic efficiency of their development. The...

Both lines of the "Turkish stream" will be ready before the end of the year, if Bulgaria is ready to receive gas, the supply will go on the second, told journalists the Deputy head of the Department of foreign trade activities "Gazprom" Dmitry Khandoga on the sidelines of the St. Petersburg international gas forum (SPIGF). So, to the question, does "Gazprom" to the end of the year to run from two pipelines, one of which is designed for delivery in Turkey and the other countries of Europe through Bulgaria, Handoga said: "Both lines will be ready before the end of the year and starts". At the same time Handoga forwarded to the Bulgarian side the question of whether it will be ready by this time to take gas from Turkish stream. "We are ready to supply gas," he...

"Rosneft" has increased oil production in January—September 2019 1.3% compared with the figure for the same period last year – to 145,908 million tons. This is stated in the materials of the Central Supervisory control energy (CDU TEK). In September, "Rosneft" has extracted 16,209 million tons of oil. Production of LUKOIL in January—September increased by 0.6% and amounted to 61,537 million tons. In September, the company produced of 6.71 million tons. "Surgutneftegaz" has reduced oil production for the first nine months of 0.1% to 45,338 million tons, in September production of the company amounted to 5,031 million tonnes. "Gazprom Neft" for the period from the beginning of the year has maintained production at the level of the same period last year...

Russia has increased oil exports in January—September 2019 5.3% compared to the same period last year – to 199,533 million tons, the materials of the Central Supervisory control energy (CDU TEK). the Export of oil from Russia in September made up of 21.29 million tons. the Export of oil to far abroad countries in January—September increased by 5.9% to 186,415 million tons, in September the figure was 20,806 million tons. Oil exports to CIS countries in January—September fell by 2.4% and amounted to 13,118 million tonnes in September, Russia exported to the neighboring countries of 1.59 million tons of oil. oil Supplies in foreign countries, including transit resources increased by 5.7 percent to 201,067 million tons, in September deliveries amounted to...

From 1 to 4 October 2019 in Saint-Petersburg hosted the IX St. Petersburg international gas forum (SPIGF-2019), this year it attracted more than 20 thousand industry representatives from 55 countries. ITPS team of experts has submitted two reports to the business program of the event and demonstrated the new possibilities of digital solutions of its own design – integration platform AVIST Oil&Gas;, function module Avist.Operation and solutions Biotelemetry in the framework of the exhibition. the St. Petersburg international gas forum is known as one of the key events in the gas industry. In his welcome address to the participants of the event, the Chairman of the Board of JSC "Gazprom" (the General partner of the SPIGF-2019) Alexey Miller noted that the...

During Russia's energy week (REN), the new energy Minister of Saudi Arabia Prince Abdul Aziz bin Salman reported full restoration of the country's extractive capacity to 11.3 million barrels./day. The Saudi Prince confirmed the statements made by Saudi Aramco on restoring production after an attack drones on September 14 at the oil infrastructure in the area of Hail and on the field Khurais. Rapid recovery of production in the Saudi Kingdom was the cause of the fall in oil prices below the level at which they were before September 14. the REDUCTION of the RESERVES IN SAUDI ARABIA However, according to several sources, the current production capacity of installations for processing of oil in the Hail is only 4.9 million barrels./day. against 5.5 million...

, "Gazprom" plans in 2020-2022 years to drill 15.8 thousand meters of wells on the Arctic shelf of the Russian Federation. This is stated in the materials submitted by the head of Department of PJSC "Gazprom" Vadim Petrenko at the International forum on development of oil and gas resources of Russian Arctic and continental shelf. "Drilling wells offshore in 2020, and 5.4 million in 2021 and 5.2 thousand m in 2022 – 5.2 thousand meters", – stated in the materials. Thus, "Gazprom" over the years, will drill 15.8 thousand meters of wells on the shelf. In 2018 this figure is made up 4.56 million meters by the end of 2019 – 5 thousand meters. The company also plans in 2019-2022 years to conduct seismic works on the shelf on an area of over 7 thousand square km...

The Growth of demand for oil in the world in 2019 will amount, according to the Ministry of energy 1-1. 2 million barrels per day, 300-500 thousand barrels per day less than in 2018, said Russian energy Minister Alexander Novak in his speech at the forum "Russian energy week". "We see that this year compared with 2018 under the influence of various factors, demand growth will be significantly below the growth may be 1-1. 2 million barrels per day," said the Minister. He recalled that last year the growth in demand was 1.5 million barrels per day. According to Novak, a strong influence on the reduction in demand provides the state of the global economy, whose growth slowed down in 2019 and 3% or less (as opposed to 3.6% in 2018). He explained that economic...

Saudi Arabia has restored oil production to a level of 11.3 million barrels per day, but by the end of November, production will be reduced under the agreement OPEC and non-cartel countries on the reduction of oil production level (OPEC transaction+). This was stated at the forum "Russian energy week" the Minister of energy, industry and mineral resources of Saudi Arabia Abdulaziz bin Salman bin Abdulaziz al Saud. "We've stabilized production volumes at the level of 11.3 million barrels per day. By the end of November we will return to the previous volume of production, in the framework of obligations," he said. on 14 September of the current year there have been attacks on oil facilities a Saudi company, Saudi Aramco in the cities of Houris and Hail...

In Russia the cost of oil production increased in the period 2008-2018 2.3 times – up to 3 thousand rubles per ton, according to the presentation of the Ministry of energy for the performance of the Deputy head of the Ministry Pavel Sorokin on the forum "Russian energy week". According to the Ministry, in 2008 the cost of oil production was 1.3 thousand rubles per ton, in 2017, they amounted to 2.9 thousand rubles per ton, in 2018 – 3 thousand roubles for ton. In a speech Sorokin noted that when you save the current configuration of the tax system, oil production in Russia may decrease. According to the presentation, oil production (including gas condensate) can be reduced to 552 million tonnes in 2024, 535,9 mln tons in 2025, 448,6 million tons in 2030 and...