|TOPIC OF THE ISSUE|
|IP week: staying on the top of industry trends in London|
On 15-19 February 2010 British capital hosted for
the 96th time annual international petroleum week,
IP week 2010 organized by the Energy Institute.
As usually OILMARKET attended most of the events
in London to stay on the top of the latest trends
in the oil and gas sector.
|PERSON OF THE ISSUE|
|Three objectives for Eugene Bakulin, new Naftogaz Ukrainy CEO|
In February Eugeny Bakulin took over position of Ukraine's state owned Nak Naftogaz Ukrainy CEO from Oleg Dubina. Newly appointed Ukraine's fuel and energy minister Yury Boyko had Eugene Bakulin introduced to the Naftogaz staff. Bakulin's key objective is to retain the Russian natural gas transit volumes via Ukraine. In order to achieve this, Naftogaz will have to convince the Russian side to at least postpone construction of the subsea South Stream natural gas link from Russia to Italy via the Black sea and Adriatic seas. This needs to be made via attracting the Russian side as one of the key shareholders of the natural gas transportation consortium to be created in order to operate Ukraine's natural gas transportation systems.
|PHOTO OF THE ISSUE|
TA union member of French oil giant Total demonstrate in Dunkirk, northern France, Thursday Feb. 4, 2010. French oil company Total SA promised jobs for workers at its Flanders refinery but said it hasn't made a decision on the future of the Dunkirk site in northern France, which has been inactive since September.
|EXPLORATION AND PRODUCTION|
|Oil above fear|
On 31 January, Lukoil's President Vagit Alekperov arrived to Baghdad to sign a contract on the development of the West Qurna-2 oilfield. Several bombs exploded in the city just several days prior to the visit could not upset plans of Mr. Alekperov — apparently, he had been waiting far too long for this moment. OILMARKET followed the president of the Russian oil-and-gas giant to Iraq.
|Hydrocarbons transportation in Arctic conditions|
On the wave of gradual deterioration of mainland reserves, the beginning of the new century sees Russian companies increasingly moving their exploration and production efforts to the Arctic area. This raises the issue of hydrocarbons transportation means for safe operation in Arctic conditions. St Petersburg marine machine building design bureau Malakhit along with close JSC New Submarine technologies and Arctic Trade and transportation company and several other related Russian design institutions drafted the concept of the Arctic Transportation System (ATS) using nuclear submarine tankers.
|Enceladus put on the water|
Nizhniy Novgorod, February 1, 2010. Krasnoye Sormovo Shipyard launched a tanker of the project 19614 with the deadweight of 5600 t for Saturn Shipping Company (Panama). The tanker is named «Enceladus».
The contract to build three tankers was signed in April 2008. The first tanker «Titan» has already been delivered to the customer in October 2009, the second tanker «Enceladus» should be delivered in June, the third tanker — in July 2010. An option fort he fourth vessel was confirmed in summer 2008, commissioning date — October 2010. The tankers of this project are the river-sea class vessels.
|Great teaching followers|
Deep refining of Oil Dispersed Systems (ODS)
On 11 December 2009 I.M. Gubkin Russian State University of Oil and Gas (Gubkin Oil and Gas RGU in Moscow) specialists along with specialists from other Russian scientific institutions took part in the 5th scientific conference «Physico-chemical principles and technology of refining oil dispersed systems». The conference was dedicated to the 80th anniversary of Dr. Zagidulla Syunyaev and 30th anniversary of scientific and educational teaching he had founded in Gubkin University. The conference took place in Gubkin Oil and Gas RGU.
|TNK's prospect with Nadezhda in Poltava region|
Ukraine's regional operator Nadezhda has opened in February its first TNK-branded petrol retail outlet in Poltava region.
|Will Surgutneftegaz sell its shares in MOL to Poland's PKN Orlen in return for the Mazeikiu Oil refinery?|
Russia's vertically integrated Surgutneftegaz may soon give up the stake it acquired last year in Hungarian MOL. The Russian company has been in negotiations with the British company Sinocor to exchange its shares in MOL for a stake in the world's third largest petrochemicals company, Ineos, anonymous sources cited in the Hungarian newspaper Nepszabadsag said. But the publication wrote that the sides did not reach an agreement and the deal did not take place. Players on the market say Surgutneftegaz already intends to get rid of the Hungarian asset; the only issue remaining is how to do so in a way that brings the biggest advantage to the Russian company.
|Bacteria and sulfur destroy oil sludge|
Re-cultivating of oil sludge and of oil-contaminated soils without excessive capital expenditures and without polluting the environment
A large percentage of gas condensate fields (GCF) in Russia are composed of sulfur-breaing gases. For example, Gazprom's reserves in the European section of the country are 90% composed of these kinds of gases. Proven reserves at the Astrakhanskoye GCF are 4.5tr m3 of gas and production is less than 5%. One of the factors hindering the development of the Astrakhan field is low demand for the sulfur obtained when cleaning gas from seams. In 2008, world storehouse reserves of sulfur were 24mn t. Most of the companies in the world and in Russia are concerned with the problem of using some of this sulfur since it is impossible to use it all. Companies use what they can to make sulfur-containing cement, asphalt and fertiliser. The company Inzhiniring (Astrakhan) has developed an economic technology for refining oil sludge and oil-contaminated soil using sulfur.
|Upgraded Honeywell ST3000 transmitter|
US Honeywell issued Honeywell ST3000 transmitters with upgraded software, the company stated on 18 February 2010. Honeywell's latest version of its smart pressure transmitters includes a software upgrade that allows industrial facilities to take a more proactive approach to maintenance. The ST 3000 HART6 transmitter line now features enhanced and advanced on-board diagnostics that simplify maintenance by automatically telling plant personnel how the devices are functioning.