№10 October 2009
Look Ahead to October 2010, Answer SPE ROG’s “Call for Papers” Now
The past two years have been some of the most momentous in the history of the oil markets. A frantic commodities bubble redefined record oil prices and sent crude oil soaring to over $147 per barrel (/b) in July 2008. Oil products skyrocketed as well, boosted by unprecedented demand from China in the run-up to the Olympics.
The efficient and environmentally compatible production of clean fuels and the use of alternative sources of energy are the major challenges of our time. Lurgi, a company of the Air Liquide Group, is addressing these challenges with clean conversion processes using oxygen and hydrogen.
On 20 November 2009, Chief Engineer of Aquatic (a company of Weatherford Group) Vladimir Solomonovich Basovich will celebrate his 70th birthday.
Vladimir Basovich was born in the oilers’ city – Baku. In 1961, he graduated from Gubkin Moscow Oil Institute, the Mechanical Engineering Department, and took employment with All-Russia Research Institute of Oil and Gas Industry Integrated Automation (VNIIKAneftegaz), Moscow, – and that was the start of his professional life.
A town of Pervouralsk located in several kilometers from the border between Europe and Asia owes its origin and existence only to metallurgy. Even the date of its foundation, December, 1, 1732, is timed to coincide with the day when the blast furnace of the ironworks founded here by the Demidovs’ dynasty started tapping cast iron.
In parallel to being the leading Russian energy corporation, Gazprom is the world’s largest, too. The company holds the largest reserves of natural gas in the world. Its proven reserves incorporate some 17 percent of the world’s total. The giant produces about a fifth of global natural gas volumes, which gives the concern the leverage over the global prices.
A proper agreement has been signed at the Offshore Europe Oil and Gas Conference and Exhibition, held in September 2009 in Aberdeen, UK, under the theme “Rediscovering the Future”. The exhibition sponsors mentioned major changes in the world oil and gas exploration and production such as increase in demand, enhanced oil recovery, and sophisticated production process.
Mobile halls by large Scandinavian holding NSS, segment leader on the European market, are familiar in Russia, Baltic states, Germany and UK. Lainapeite, Russian branch of the holding, was established in 1998. Oil and Gas Eurasia talks with Lainapeite president Janne Oksanen on how the company’s products make life of oilmen at remote fields more comfortable.
The Moscow refinery has gotten funding to upgrade its production; the unit will produce Euro-4 quality gasoline as of 2012. The modernization is set to improve environment of Kapotnya and neighborhood, too – the emission rate should fall by approximately 30 percent.
In the current, not very favorable, economic environment Russian oil producers have an obvious but still unclaimed reserve to improve their operation efficiency. This latent reserve is rental of oil production equipment – a pattern widely used throughout the world but for some reason not applied in Russia.
Reverse or averse – is this a question? The magazine has mulled the similar question last year. However, little has changed since then. One of most ambitious Ukraine’s energy projects, which should have improved energy security while brushing up international image of the country, turned out to be just another chronic headache.
Currently, the list of idling Russian wells stands at some 40 percent of total stock. This data was presented by ROSING chair Viacheslav Manyrin on opening the September meeting of engineering and technical sub-committee at Russia’s Chamber of trade and industry.
In the second half of this century, traditional reserves of crude oil (and partially – natural gas), such as Western Siberia or Persian Gulf, will run low. At the same time, energy demand in the world is predicted to go off-scale. The only option to solve global energy problems is to tap into Arctic hydrocarbon fields, which hold up to 30 percent of global gas and 13 percent of oil reserves, U.S. scientists estimate.
VNIIGAZ is Gazprom’s leading scientific research facility in the field of development and engineering of the gas industry technologies, including prospecting and development of gas fields; development of the offshore oil and gas resources; gas conversion and field conditioning; regulatory backup of components production, engineering and operation of the gas transport and underground storage system; mathematical modeling and information technologies.
The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.