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OilMARKET 12 / 2008
TOPIC OF THE ISSUE
Yury Boyko: The crisis is a good time to develop UkraineYury Boyko: The crisis is a good time to develop Ukraine's refineries
Speaking at the 4-th Ukraine's Oil Products Market conference, organized by UkrPetrolConsulting, deputy chair of the Ukrainian parliamentary fuel and energy committee, Party of Regions MP and former fuel and energy minister Yury Boyko said that despite all its negative points, the crisis is a unique opportunity to inject new effort into developing Ukrainian refining. He also described the main factors in developing the country's oil products market today. The priority task today is to launch domestic refining! he stated.
PERSON OF THE ISSUE
Dr. Alexander SakovichDr. Alexander Sakovich
An expert with principal position
Since February 2000, there was an important life circle established in Russia's oil industry: every two months deputy head of Russia's Finance ministry hard currency payments department doctor of chemical science Alexander Sakovich issues a new level of crude and oil products export duties.
PHOTO OF THE ISSUE
Mega project amidst the permafrostMega project amidst the permafrost
Construction of the main line of Bovanenkovo-Uhta gas pipeline was started in early December, along with the drilling of the first production well at Bovanenkovo oil field on Yamal. Gazprom head Alexey Miller, in the presence of the first prime minister and the board head of the gas holding Viktor Zubkov, signaled the start to the welding of the first joint on the gas pipeline.
EXPLORATION AND PRODUCTION
OPEC to cut back production by 4.2mn b/d in JanuaryOPEC to cut back production by 4.2mn b/d in January
OPEC has decided to cut back crude production beginning on 1 January 2009 by 4.2mn b/d compared to September production levels, OPEC Secretary General Abdalla Salem el-Badri said after an emergency meeting of OPEC countries in Oran, Algeria.
EVENT
SPE 2008: Present and Future OutlookSPE 2008: Present and Future Outlook
The 2nd SPE exhibition and conference in Moscow took place at VDNKh complex and became the biggest SPE event in Russia. Technologies of present and future were the key topic of the exhibition and conference, with the event giving broad opportunities to take a closer look at the latest international technological innovations for oil and gas industry. As SPE 2009 President Leo Roodhart said, the exhibition and conference provided an opportunity to learn about the latest technical developments from around the world, highlighting innovative solutions to technological challenges in Russia and to exchange best practices.
DOMESTIC MARKET
Helping GazpromHelping Gazprom
Gazprom plans to confirm a record volume in its 2009 investment programme. However, the financial crisis means the company is far from able to carry out all of its plans with its own money and is seeking help from its main shareholder the state.
NATURAL GAS
A productive anniversaryA productive anniversary
In November 2008, the Ukrainian company Kyivtransgaz celebrated its 60th anniversary. In the difficult post-war years Ukrainian specialists together with Muscovites and specialists from others regions launched the Dashava-Kyiv gas pipeline. Later the pipeline was extended to Moscow and Ukrainian gas was later pumped on to Leningrad. Before the giant fields in West Siberia were launched, gas supplies from Western Ukraine reliably provided the blue fuel to Moscow and Leningrad. At Ukrtransgaz, the mother company of which Kyivtransgaz is a part, there are still good memories of the partnership and the smooth and friendly work among the teams which brought common objectives to life.
NATURAL GAS
Debt-2: Russian mockers and Ukrainian show-offDebt-2: Russian mockers and Ukrainian show-off
Yet again Gazprom is telling Europe that it is saddened by the 25% share of Russian gas imports to the EU. The monopoly laments the transport artery through which 80% of its gas is pumped across Ukraine which it says it practically worthless due to the negligence of Ukrainian authorities. In December during a visit to Brussels, Gazprom press secretary Sergey Kupriyanov said the problem with current assets has kept the Ukrainian oil and gas monopoly Naftogaz from repairing and maintaining the transit pipeline for many years.
COMPANIES
Lukoil's hidden treasure
Lukoil is little interested in the diamond mines of Archangelsk region and the oil giant is conducting a speedy legal assessment of the possibility of ending a deal with De Beers, the world's leading diamond producer, to sell a share in the Verkhotinsk field. Now Lukoil is focussing on widening its window to Europe which could in fact even strengthen its position in Latin America. Lukoil's goal is the Spanish diamond, Repsol, one of the top 10 oil companies in the world. Repsol's gems include nine refineries and over 6,900 petrol stations in Europe and Latin America. Today, Repsol is experiencing financial difficulties and is being forced to seek the help of foreign investors who will help pay off its multi-billion euro debt. Lukoil's competitors in the fight include France's Total and the Kuwait Investment Authority (KIA) investment fund. Furthermore, Repsol shareholder Sacyr Vallehermoso SA could look at other offers. At the and of October, Sacyr received a proposal to sell 20% in Repsol to China's CNPC.
TECHNOLOGY
Remote control: unmanned aircraft begin patrolling pipelinesRemote control: unmanned aircraft begin patrolling pipelines
Monitoring the condition and use of Russia's oil and gas pipeline is an incredibly important task in light of the size of the world's largest network of oil and gas trunk lines, a significant part of which traverses harsh natural environments under severe weather. There are currently a number of methods for controlling the condition of pipelines (ultrasound and non-destructive controls methods and so on). One method under intensive development is the unmanned aerial vehicle (UAV) method for patrolling pipeline corridors.
TECHNOLOGY
The priority for project managementThe priority for project management
Ways to optimise engineering and technical processes while lowering risks in industrial projects
Key objectives in any industrial construction project are clear adherence to commissioning schedules and bringing production to capacity with an optimal period of testing and minimum trouble. These objectives are common to all participants in the project the client, designers, the general contractor, equipment suppliers and others.
TECHNOLOGY
New generation seismic surveyingNew generation seismic surveying
Industrial application of SLEC technology starts
The Moscow-based company New Oil and Gas Technologies Institute (INNT) is expanding the area on which its new Seismic Location of Emission Centers (SLEC) technology, which is unlike any other in the world, is being introduced. In 2009, work is planned in Tatarstan, Orenburg, Astrakhan and Saratov regions in Russia as well as in Kazakhstan.
TECHNOLOGY
Vibration analysis serving industryVibration analysis serving industry
The new CD-21 vibration analyser developed by the St. Petersburg company VAST Association, has passed state testing to confirm type and has been entered into the State Register of Measuring Devices. The CD-21 vibration analyser is meant for measuring, collecting and analysing vibrations as part of monitoring and diagnosing the technical condition of a wide range of industrial equipment.
TECHNOLOGY
Turbo generators for UralskTurbo generators for Uralsk
Last autumn, Elektrotyazhmash-privod (Lysva, Perm Region) inked a contract to supply three TS-20 turbo generators to a gas turbine power station being built in Uralsk (Kazakhstan). The first turbo generator will be delivered to the client in April 2009. Russian, Czech and English manufacturers of power machinery competed with the company for the project.
03 / 2018