international magazine
Main page  |  Contacts  |  
OilMARKET 08 / 2007
Let them talkLet them talk
Nikolay Yermolayev, President of Dinaz holding, Latvia
Latvian holding Dinaz initiated this year an ambitious project of developing in Latvia a new refinery and oil terminal. Many experts raised their eyebrows, as Mazeikiu Nafta refinery in Lithuania already provides sufficient amount of oil products to the Baltic market, while products shipments from Russia and Belarus ensure sufficient amount of motor fuels for the Baltic market and for the transit terminals in the region. However, under closer look it appears that there's economical feasibility and a lot of common sense in what the Latvian company is doing. Nikolay Yermolayev, who chairs successful holding already for many years is not as naive as might have appeared to some judgmental experts.
New Flame meets Torm GertrudNew Flame meets Torm Gertrud
Rescue boats sail around the Panamanian registered merchant boat New Flame is seen half sunken into the Mediterranean Sea some 1 mile off southern Spainish coast, near Algeciras on 12 August. The New Flame (43,815t DWT) collided early that day with Danish oil tanker Torm Gertrud (45,942t DWT). The merchant boat crew has been evacuated, with five people sent to local hospital. There is no danger to environment, experts say.
Vladimir Kapustin: today is the day of unique opportunitiesVladimir Kapustin: today is the day of unique opportunities
The fame of Vladimir Kapustin, VNIPIneft general director and chair of refining technologies department at Gubkin oil&gas university has long reached beyond the confines of the small circle of oil&gas specialists. The Russian government pays heed to his words while national TV channels are happy to have him on air, as was the case in Kapustin's appearance on air alongside Deputy Prime Minister Sergey Ivanov on the RBC channel in August.
The anti-flare march  2The anti-flare march 2
Associated gas recycling: liberalisation or usurpation
On 6 August, Russian President Vladimir Putin conducted a meeting on developing the oil&gas sector with ministers and the leadership of Transneft, Rosneft and Gazprom. The topic of recycling associated gases has long been a challenging task, which the country was unable to solve since the 1970s. We can no longer put off solving this old problem the very minimum assessments show, now we burn more than 20 bcm of associated gas a year. That kind of waste is intolerable, Putin said at the meeting, Some participants are looking at me. I know they burn a lot, too. The President said, a monitoring system needed to be put in place along with tougher environmental fines and more strict licensing demands. We need to create conditions under which it is profitable to work in this direction. Today, flaring is profitable. And so they use flaring, he said. Putin requested to inform him on developments in this direction.
The laws of the ArcticThe laws of the Arctic
Russia, Denmark, Norway, Canada, Iceland, Sweden and Finland are all ready to fight for the riches of the Arctic shelf in the UN commission on maritime shelves. It is no surprise that the United States has decided to try its luck too. The Americans have equipped an expedition to the North and are keeping in sight a second group of Russian scientists who are seeking additional proof that part of the Arctic belongs to Russia
Naftogaz Ukrainy and CBM OIL plan joint shelf projects and IPONaftogaz Ukrainy and CBM OIL plan joint shelf projects and IPO
Naftogaz Ukrainy and CBM Oil plan joint exploration on Black Sea shore and joint IPO in London.
OMV expands globally in upstreamOMV expands globally in upstream
OMV announces successful oil production testing offshore UK
OMV, Central Europe's leading oil&gas group, is successfully following its vertical integration programme. The company, which is a household name in refining, transportation and sales of natural gas and motor fuels, has recently acquired taste for upstream projects throughout the globe.
Looking over the horisonLooking over the horison
Necklace of Nordic Storage oil terminals does its magic to help leading oil exporters to see the future.
Taking care of the  shelf developmentTaking care of the shelf development
With little activity at sea, there is no reason to fight over the shelf
The topic of developing Russia's maritime activity has of late been given increased attention. The headline trek by a Russian scientific submarine to the Arctic and the stormy reception that expedition received from the US and Canada (which lost no time opening a new military-maritime base in the Arctic at the beginning of August) is only the tip of a huge problem which Russia must solve in the coming years.
New capacities for new timesNew capacities for new times
Latvia's Dinaz holding is gearing up to a new refinery construction project in the Baltic region. The project of the company with close business links in Russia and Ukraine plans refinery construction in Daugavpiels, adjacent to a large railway hub and only 4km away from the idling LatRosTrans oil pipeline.
Russian catalyst successfully used in Russia and EURussian catalyst successfully used in Russia and EU
In 2005 Russian JSC NPP Neftekhim successfully launched its newly developed Isomalk-2 technology and SI-2 catalyst at three refineries in Lisichansk (Ukraine), Ryazan and Kirishi (Russia).
No preferential treatment, it seemsNo preferential treatment, it seems
Iraqi oil minister Hussein Shahrastani refused any preferential treatment for Russian oil producers anticipating projects in Iraq. Not a single country or company would get preferential treatment. Russia's Lukoil would compete on equal terms with other companies, according to the new oil legislation, he said.
Russneft heads to DeripaskaRussneft heads to Deripaska
Mikhail Gutseriev intends to sell the company to Basic Element structures
The Russneft company, which has come under serious pressure in the past few months from law enforcement agencies, is going to change hands. In place of Russneft owner Mikhail Gutseriev who in five years has from practically nothing created a company which producess 16mn tpaand has reserves of 600mn t will likely be replaced by aluminium magnate Oleg Deripaska. However, Mr Deripaska will probably not be Russneft's final owner it is more likely the pieces of enterprise which Gutseriev has stitched together will end up being controlled by a state company.
Playing GodPlaying God
At the state level
Over the past three decades, bulk of upstream projects was owned globally by private companies, often by the majors. Some 40% of oil was produced by industrially developed states (OECD members), which also heavily invested in the projects. Now the situation is changing.
New compressor seriesNew compressor series
In late 2006 early 2007 Kirovsky Zavod started producing a new type of compressors (pressuriser) for natural gas transportation.
FTIS pigs aid piping coils inspectionFTIS pigs aid piping coils inspection
Serpentine furnace coils in petroleum and chemical plants present a significant challenge for the Non Destruction Testing Examination (NDE) inspector when applying conventional Non Destructive Testing (NDT) methods.
Cooling towers against pollutionCooling towers against pollution
Modern recooling technologies
Efficient recooling is an essential part of strong performance for companies in downstream segment, as well as in energy, chemical, metallurgy and other industries. Cooling towers is the cheapest option for diversification of low-grade heat- the technology saves at least 95% of clean water while also protecting water bodies from heat pollution.
In the heat zoneIn the heat zone
High performance duel enhanced shell and tube heat exchangers save weight, space, reduce fouling and extend operating time case studies provide the evidence.
01 / 2020