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OilMARKET 01 / 2009
TOPIC OF THE ISSUE
Should this gas war be forgotten?Should this gas war be forgotten?
It appears the main war is over. On 19 January, a long-term peace agreement was signed in Moscow. The conditions of the capitulation were accepted by both warring sides. Russia renewed the transit of gas to Europe and Gazprom sbyt Ukrayina received one-fourth of the Ukrainian market as a contribution. Still, one question remains unanswered today. And that is Ч what is the price? Surprisingly, the intense stand-off which cost both sides Ч not to mention innocent people in the EU Ч moral and material losses was suddenly replaced with a surprising peace and mutual satisfaction between the Russian and Ukrainian prime ministers. There were surprisingly no accusations of theft, blackmail or arm-twisting.
PERSON OF THE ISSUE
Dmitry Firtash: the time of quick money gone foreverDmitry Firtash: the time of quick money gone forever
Dmitry Firtash is one of Ukraine's most enigmatic capitalists. He has no heart for publicity. He rarely goes on the record. It was his particularly puzzling action for the Ukrainian public when in 2006 he arranged a scheme to supply natural gas from Central Asia to Ukrainian consumers at a price below $250/1000ì3 Ч the price he actually paid for this gas to Russia's Gazprom when buying it at the Ukrainian-Russian border.
PHOTO OF THE ISSUE
Total protest against aliensTotal protest against aliens
The United kingdom is entrenched in widespread strikes which began in the end of January by employees at the Lindsey refinery in Lincolnshire. Workers took to the streets to express their anger over the enterprise employing foreigners
EXPLORATION AND PRODUCTION
Heading downHeading down
008 was the first year in 10 years that crude production in Russia fell
Last year was not simple for the Russian oil industry. The record growth of crude prices was merely a precursor to their swift collapse. Crude exports which have traditionally brought companies in the sector their main profits suddenly became unprofitable for them.
EVENT
The flagman of Russian refining and petrochemicalsThe flagman of Russian refining and petrochemicals
On 9 February 2009, the refining and petrochemicals industry scientific research and design centre VNIPIneft celebrates its thirtieth anniversary. Since its inception in 1929, the institute has grown from being one of the forebears of oil industry design to claiming its position as the leading organisation in Russia in its sector and has achieved leadership on the Russian market as a successful engineering company. This is evident in the multitude of VNIPIneft's successful projects and large number of awards and certificates.
REFINING
Vladimir Kapustin: the crisis is test of leadership!Vladimir Kapustin: the crisis is test of leadership!
The concerns with which 2008 ended and 2009 began merely emphasised the importance of our traditional January meeting with General Director of VNIPIneft, Dr. Vladimir Kapustin. As always, Mr. Kapustin is on the move Ч catching him during a short stop in Moscow after his flight from Tatarstan, where the company is leading a number of projects and before his flight to meet partners in London was even more valuable as time was short. This trying crisis is teaching us to value our time and efforts as never before!
REFINING
China and the U.S. to replenish strategic oil reservesChina and the U.S. to replenish strategic oil reserves
Concurrently with the United States who have officially announced plans to replenish the country's strategic petroleum reserve in response to steeping oil prices, China proclaimed it might also take advantage of the falling global energy demand to increase its own stockpile.
REFINING
More light products!More light products!
TNK-BP improves efficiency at LINIK's catcracking unit
In 2008, the LINIK refinery completed one of its main investment projects Ч modernisation of its catalytic cracking unit. The project included replacing equipment on the K-201 column and building a new column Ч K-202/1. Project engineers said the work will increase the output of light products by 30,000 t/yr.
REFINING
Exxon to invest $1 bn in three refineriesExxon to invest $1 bn in three refineries
ExxonMobil Corp. has committed $1 billion in upgrades to its three refineries, including the US-largest Baytown, Texas, facility, in a move to boost the company's low-sulfur diesel capacity in response to the growing market demand and the expected strengthening of greenhouse emission regulations by the government.
COMPANIES
Heirs of a grand traditionHeirs of a grand tradition
Manufacturing equipment for the sugar industry in the mid-19th century started the powerful development of machine tooling in what is today the Czech Republic and enables Czech masters today to supply equipment for the oil refining and chemicals industries that meet the highest international standards of the 21st century.
COMPANIES
AgreedAgreed
TNK-BP shareholders regulate disagreements on company management
The conflict between TNK-BP's Russian and British shareholders is finished Ч the sides have made changes to the shareholders' agreement which defines the principles upon which the company is to be managed. The new board of directors of the main company holding Ч TNK-BP Ltd. Ч now includes three independent candidates, one of whom is former German chancellor Gerhard Schroeder.
TECHNOLOGY
UOP TechnologyUOP Technology
Used in Green Jet Fuel Test Flights
Air New Zealand and Continental Airlines have each successfully conducted two-hour test flights using green jet fuel, produced using UOP process technology.
TECHNOLOGY
The key to profitable productionThe key to profitable production
Effective use of amine resources
Cleansing gas of acidic components (CO2 and H2S) with amine solutions is a typical process in chemisorption and is widely employed in industry today since amine solutions have good saturation abilities. Today Russian oil and gas enterprises which use this cleaning method need new, more effective ways to solve problems tied to operating amine units: the loss of amine during dissipation, corroding equipment, polluted hydrocarbons and so on.
TECHNOLOGY
Nanotechnology in drilling wellsNanotechnology in drilling wells
Nanotechnology as the basis for developing new approaches to increasing the quality of well construction
The development of modern science and technology has defined a new approach to managing various materials Ч nanotechnology. Experts forecast that applying nanotechnology will make give a big boost to technology. In 2007, the Russian government confirmed the federal programme ЂDeveloping nanotechnology infrastructures in the Russian Federation from 2008Ц2010ї. However, the oil and gas sector was not included in this programme. Despite this, several companies and enterprises in Russia like VNIIGAZ, which is Gazprom's research centre, are engaged studying and using nanotechnologies in the oil and gas industries. In order to solve the complex problems which arise in building and using wells, the application of nanotechnologies will undoubtedly be very effective.
04 / 2018