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OilMARKET 08 / 2009
TOPIC OF THE ISSUE
RussiaRussia's marine activity
The Russian Federation's Strategy for developing the shelf through 2020 and beyond has been drafted. What's next?
PERSON OF THE ISSUE
Francis OsborneFrancis Osborne
Principal Analyst Oil Research, Wood Mackenzie
The ability to make an astute judgement about development priorities seems to be one of the most important goals of an enterprise management. This is particularly true in such tricky business as strategic development of refineries. Over the last 10 years the situation in world refining has changed so radically that even for the new generation of top managers in the former Soviet Union, brought up without the comfortable habit of working under the steady pressure of a planned economy, it is difficult to make a fair judgement on what is ahead for their business. The world economy is becoming increasingly dependent on globalization. Francis Osborne reminded his audience about this and a number of other important factors in his brilliant presentation at OILMARKET magazine's Oil refining and transportation conference in Odessa.
PHOTO OF THE ISSUE
The Russian energy market loses 2.5% of capacityThe Russian energy market loses 2.5% of capacity
The accident at the Sayano-Shushenskaya power station, the country's biggest electric station, hit on the morning of 17 August, partially damaging the turbine hall. The accident completely destroyed three power units at the plant and severely damaged two. The station has ten 640 mW units. Nearly all of them suffered damage from the water in the turbine hall.
EXPLORATION AND PRODUCTION
Energy security above all!Energy security above all!
The Russian National Security Strategy which was signed by Russian President Dmitriy Medvedev on 13 May is a rather voluminous work written by Russian academics and covers literally all spheres of life in the Russian Federation. Implementing the Security Strategy by 2020 is meant to mobilise the national economy, improve the standard of living and provide political stability in society while strengthening national defence, state security and law and order and raise Russia's competitiveness and international prestige in the world.
REFINING
Refining:Refining:
There May Be Trouble Ahead
As the world struggles with the fall out from the global credit crunch, it is ironic to think that not long ago the refining industry was looking to the future with an optimism unfelt for years. Margins were strong, demand prospects robust and it seemed that the only issue was just what kind of investment to make.
REFINING
Odessa lightsOdessa lights
The 6th International conference on Oil refining, transportation and trading in the CIS and Baltic States was held from 18-20 June in the Black Sea jewel of Odessa.
COMPANIES
Forever in debtForever in debt
PKN Orlen demands $250mn from Yukos International over Mazeikiu nafta deal
Though Yukos, the ill-fated oil company which fell victim to bankruptcy, ceased existing two years ago, dramatic events continue to surround the assets of what was once Russia's biggest oil company. Almost three years after buying the Lithuanian concern Mazeikiu nafta from Yukos, its new owner Polish PKN Orlen is trying to win $250mn in court from the seller due to violations of the conditions of the sale of assets.
TECHNOLOGY
QFI offers cost effective solution for refiners in FSUQFI offers cost effective solution for refiners in FSU
Lack of funds and low refinery margins has today slowed down refinery development in the former Soviet Union and a number of old projects have been put on hold. This situation opens opportunities for relatively inexpensive, but cost-effective technologies.
TECHNOLOGY
Nanotechnology for aviation on the shelfNanotechnology for aviation on the shelf
It is hard to imagine scientific and technological progress in almost any sector of industry, medicine, biotechnology, construction and so on today without nanotechnologies. Nano-materials and intelligent materials with unique characteristics stemming from the physical laws of the nano-scale world are the basis of new adapted technological solutions. Creating and using nano-materials makes it possible to achieve quality breakthroughs in technical equipment and the technologies for building the same. The aviation industry could well become a leading example in this sector.
TECHNOLOGY
FlexLine Wireless Radar Gauge for level measurementFlexLine Wireless Radar Gauge for level measurement
Honeywell has begun making first wireless radar gauge for level measurement in tanks
On August 11, Honeywell reported about release of the first ISA100.11a-ready FlexLine Wireless Radar Gauge. The new technology helps to monitor tank levels and to prevent hazardous incidents at plants and terminals. Also the FlexLine Wireless Radar Gauge can track temperature, pressure, water and overfill.
01 / 2019