Mar. 11, 2005
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Italy's ERG and Shell to Develop LNG Terminal
Construction of the 8 bcm capacity LNG regasification terminal in Sicily is scheduled to begin in 2007 and be operational in 2010.

02.03.2005, 18:56
erg.it



Roxar, TNK-BP Sign Deal
TNK-BP buys Roxar reservoir management and production optimization software for engineering R&D.;

02.03.2005, 18:45
roxar.com



ChevronTexaco Announces First Condensate
ChevronTexaco Corp. has announced first condensate production from the Sanha Field in Angola.

02.03.2005, 18:33
chevrontexaco.com



ExxonMobil Sells Sinopec Stake
ExxonMobil has completed the sale of its 3.7 percent stake in China Petroleum and Chemical Corporation(Sinopec.)

02.03.2005, 18:25
ExxonMobil



BJ Services Wins Cementing Contract
Marathon Petrolum Company has contracted with BJ Services for cementing services for a number of its wells offshore Norway.

02.03.2005, 18:19
2 March 2005 BJ Services


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Murmansk: Port with a View

Pat Davis Szymczak

In November, OGE turns its focus to the North, to the region of Murmansk, whose capital city (of the same name) is home to Russia’s most northern ice free port. I’m talking year-round ice free and, deep enough to load VLCCs, the only type of crude tanker that can economically ferry Russian crude across the Atlantic to the United States.

OGE’s Ivetta Gerasimchuk attended a conference recently in Murmansk and returned back with stories on prospects for the local port’s transformation into a leading export oil terminal for Europe and U.S.-bound crude. Ivetta also interviewed top managers of the Murmansk Shipping Co., which is enjoying the transformation of the economic base of Murmansk as times change and demand shifts from fish deliveries to the shipping of crude oil and petroleum products which are gradually becoming top commodities in the shipping business.

But that’s not all. Our Russian readers may be especially interested in this month’s project report from our information partner in the Middle East, Data Media Systems. This month, DMS profiles Saudi Arabia. OGE is aware of the interest that Russian companies have in doing business in the Middle East and as the exclusive agent for the sale of DMS products in Russia, we invite you to contact us.

On the technology side of things, Smith Eurasia Ltd. showcases its TRACKMASTER sidetracking tool, while Russian experts from Gazflot, VNIIGAZ, Burovaya Tekhnika and Russia’s Association of Drilling Contractors present a survey on directional and multilateral drilling of wells in the offshore fields in Russia’s northern seas. We also offer you a report on a recent conference on horizontal wells that was held in the capital of Russia’s Udmurtia province, Izhevsk.

Having visited Aker Kvaerner’s construction site in the Russian Far East, Olga Grigorieva speaks at length about the major project the Norwegian company is performing for Sakhalin Energy under the Sakhalin-II project – as early as next summer the company will complete building the two base structures of the offshore rigs that will be drilling for oil and gas at the Lunskoye and Piltun-Astokhskoye fields on the Sakhalin shelf. One of the synergies we’ve been picking up on these days is the transfer of technology and know-how from the Sakhalin offshore to the Barents Sea region, and vice versa. Norwegian companies, in particular, are being found increasingly in both regions.

OGE this month closes with a look at investment opportunities in Russia – an old theme actually – and Russian investment abroad. With regard to deals within Russia, legislation, of course, plays a role and is often in a state of flux. The most significant law now under study and revision is the law on subsoil use which was discussed at a recent legal conference held in Moscow. We offer a report on what conference speakers had to say on this vital subject.

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