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OilMARKET 11 / 2006
On the crest of quality growthOn the crest of quality growth
Quality changes in Russia's downstream are an indisputable fact. The domestic companies use new approaches in refineries modernisation, pipeline construction, terminals projects. This will ensure seamless transition to supplying higher-quality oil products to domestic and export markets. Particular focus on oil products quality raises questions of adequate quality control and adequate equipment supply. This year, the OilMarket asked Ecros specialists (the leader in supplying laboratory modules and equipment to Russia's oil&gas segment) to pinpoint the key trends in their sector, summing up the experience of the year going.
Betting on the future potentialBetting on the future potential
Chernomornaftogaz extraordinary meeting on 31 October elected a new chairman of the board Anatoly Prisyazhnyuk. As the new head said on the press conference, the company's financial health could have been better so the management will now put every effort into stabilising the company.
To the President, on the Thanksgiving DayTo the President, on the Thanksgiving Day
Tucson, Arizona, answered George Bush call to give up the hydrocarbons dependency. On the Thanksgiving Day the city authorities warned the population against pouring down the drain the fat collected on baking sheets and roosters during the traditional turkey meal preparation.
Mazeikiu in fireMazeikiu in fire
Lithuanian refinery suffered from the most serious disaster
The 12 October fire accident at Mazeikiu Nafta's vacuum tower sent the ripples throughout the oil&gas community. According to the witnesses, the fire climbed up by 150m, spilling the burning fuel oil over 800m2. As well-informed sources noted, the tower has collapsed according to the best possible scenario, leaving the refinery with at least 50% of its capacity. There no forecast on the reconstruction period, however, the experts believe it will take at least a year to fully eliminate the damages. Meanwhile, PKN Orlen says it will terminate the Mazeikiu Nafta stake acquisition deal; this is most likely due to concerns of the banks that were to provide loans to the Polish company.
Lukoil beefs up its downstream muscleLukoil beefs up its downstream muscle
Lukoil says it plans to expand its refining arm (both in Russia and overseas) by 70% to 100mn tpa (some 2mn b/d). The company also keeps a close eye on its retail and marketing. Ostensibly, regardless of Lukoil's drive to boost oil production, downstream is high on the company's priority list.
Modernisation directionsModernisation directions
Ukraine's state-owned gas producer UkrGaz-Vydobuvannya has outlined a 2007 modernisation programme for Shebelinka natural gas processing plant
Jurby WaterTech signed up for Yukos water treatment projectJurby WaterTech signed up for Yukos water treatment project
On 19 October Jurby WaterTech International representatives met with Yukos experts and management.
The international forum attracted 463 companies from 24 countries
The 5th international forum PCVEXPO in Sokolniki exhibition centre on 2-5 October integrated five dedicated exhibitions: The Pump; Compressors, Pneumatics and Pneumatic Tools; Reinforcing Accessories; Motors and Drivegear; and Lubricant Materials.
Thorough integrationThorough integration
The specifics of a new approach to modelling test and production wells
Pressing need of boosting oil&gas production, coupled with tighter environmental regulations and demand for growing efficiency in fields' development force oil companies to search for optimisation opportunities throughout upstream operations.
Mixer in the roadMixer in the road
Bunker business is hit by restrictions on sulphur content for bunker fuel for the Baltic Sea ships, imposed by MARPOL (the International Convention for the Prevention of Pollution from Ships) on 19 May. In November, the difference between one tonne of HSFO and LSFO fluctuated within $1220/t range, annoying the market and affecting its operations. Having little hope for producers, bunker fuel traders try to utilise all available opportunities, including blending, in order to compensate for short supply.
The Black sea breezeThe Black sea breeze
The global upstream expands offshore. The majors and independent producers alike try to fetch a block or two in the prospective offshore production zones. Rolling up the sleeves, with zeal and gaining valuable experience, Azerbaijan, Kazakhstan and Russia develop offshore projects. Though Ukraine is also a member of the marine club (access to the Azov and the Black Seas), the country's oil&gas industry has long been in the shadows of the offshore development. In this country, exploration and production has been done almost on the leftover principle in spite of receiving from the soviet Neftegazprom the Crimea oil&gas offshore production base, the largely unique and the first in the former USSR such unit. This passive approach is particularly absurd on the background of country's deep habit of hydrocarbons' export. The new Ukraine's minister of fuel and energy Yuri Boiko is now setting the record straight; state-owned oil&gas producer Naftogaz Ukrainy, and its subsidiary Chornomornaftogaz, with support of the ministry have already drafted strategic priorities and business approach to the offshore development.
02 / 2020