May 9, 2012
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Editor's Letter

Moscow Smog Departs to Welcome Eurocorr 2010, and Here’s a Word on KIOGE and SPE RO&G

Pat Davis Szymczak

   Thank God summer is over! I still cannot believe that most of my friends and family outside of Russia had no idea that in early...

Main Article

WEB-EXCLUSIVE: TNK-BP Optimizes HR Policy

Despite the lack of highly skilled specialists in the market, the aging industry and an overall drop in quality of practical skills obtained by students at college, TNK-BP has managed to continue hiring the creme of industry pros, reduce the average age of its staff and attract the best young engineers Russian academia can offer.

Featured Article

LUKOIL and TNK –BP Dispose of Oil Cuttings Inherited After Perestroika

The Russian oil and gas industry generates over 3 million tones of cuttings a year. One third of this waste comes from oil producing companies. Given the huge impact on the environment, oil companies are becoming more aware of the issue and taking major steps to rectify the situaiton.

More Top Features

Kazakhstan Keeps Its Options Open

   Moscow’s ally seeks to build energy ties with Russia, but nurtures relations with Europe and China as well in an attempt to secure diversified supply routes to energy markets

Corrosion Kills Profits! So Why Not Invest in the Best Technologies?

   For the first time ever, Russia is hosting EUROCORR, Europe’s most prestigeous gathering of specialists in corrosion science and engineering. The event in Moscow, 13-17 September, is organized under the auspices of Gubkin State Oil&Gas University and draws participants from around the globe, including the United States.

Optimization of a Microbial Control Program to Minimize the Risk of Microbiologically Influenced Corrosion

   Prevention of microbiologically influenced corrosion (MIC) is a significant challenge in the petroleum industry. Microbial risks usually increase as a field becomes more mature, making the cost of the program difficult to justify with decreasing revenue.

Nord Stream Reaches Out to Finally Touch the Russian Shore

   You are unlikely to find another pipeline in the world with a story like that of Nord Stream – a project that has been under the close scrutiny of environmentalists and the subject of public discourse in nine countries, and the construction of which has required such complex technological solutions, in light of the high demands for protecting the environment.

RN Yuganskneftegaz Integrates Intellectual High-Speed Pumping Equipment and Control Systems

   One of the main challenges to be met by RN-Yuganskneftegaz is the continuous enhancement of productivity of both base well stock and new wells being put into production after drilling. Both groups are outfitted with steadily operating equipment that does not require special care or control.

Why Rosneft VP & RO&G Exec Comm Chair, Mikhail Stavsky, Thinks SPE RO&G 2010 is One Event You Don’t Want to Miss

   Whether the topic is mature field development, integrated approaches to reservoir engineering, “smart field” technology or the Arctic offshore, optimal solutions to complex problems emerge when specialists share ideas and best practices.

The Russian View on Shale Gas Environmental & Financial Aspects Part 3

   On top of the huge investments required for shale gas development, there is another challenge – the environment. As Nikolai Ivanov, chief expert of the Energy Department at the Energy and Finance Institute, pointed out, in July 2008, the state of New York imposed a temporary moratorium on shale gas production at the local part of its Marcellus play.

Norway and Russia Sign Maritime Delimitation Agreement

Russia and Norway signed the treaty on maritime delimitation and cooperation in the Barents Sea and the Arctic Ocean in Murmansk today. The treaty was signed some minutes before 5 pm downtown Murmansk today by the Norwegian and Russian Foreign Ministers Jonas Gahr Støre and Sergey Lavrov. Both Russian President Dmitri Medvedev and Norwegian Prime Minister Jens Stoltenberg were attending the ceremony.

EUROCORR 2010: Choosing The Right Corrosion Inhibitor

The use of corrosion inhibitors is one of the main areas of corrosion protection science all over the world. The importance of this topic for the oil&gas industry was evident during the EUROCORR 2010 conference, when the Joint EFC WP13/NACE Session on Corrosion Mechanisms and Corrosion Inhibition: Corrosion in oil&gas production took place on Thursday, September 16.

EUROCORR 2010: Foreign Companies See Huge Potential In Russia

The European corrosion conference EUROCORR 2010 wrapped up on Friday after being held for the first time in Moscow, Russia. Russian scientists earned the right to host the corrosion prevention event thanks to the high level of their scientific work which drew the attention of the international expert commission.

Baku Summit Launches Breakthrough LNG Project

On September 14, Presidents Ilham Aliyev of Azerbaijan, Mikheil Saakashvili of Georgia, Traian Basescu of Romania and Prime Minister Viktor Orban of Hungary gave new impetus to the realization of a revolutionary liquid natural gas (LNG) project. The high level attention to the project, named AGRI (Azerbaijan-Georgia-Romania Interconnector) is likely to attract other states to join. Experts say AGRI may be the most promising route for delivering LNG from the Caspian to Europe. It would connect existing and planned natural gas grids in Eastern Europe via Romania, Hungary, Bulgaria, and possibly Austria, as well as via an existing interconnector in Hungary.

Petrobras Raises $70 Billion In World's Biggest IPO

Brazilian state oil company Petrobras raised $70 billion on Thursday in the world's biggest share offering, giving the company the financial muscle it needs to tap vast offshore oil reserves.
The cash will help fund the world's largest oil exploration plan, which at $224 billion for the 2010-2014 period aims to turn Brazil into a major energy exporter.

Microsoft and Accenture Study Shows Upstream Oil and Gas Industry Still Wrestling With Information Overload

Upstream players are calling for a simpler and more unified computing environment to help them manage information overload, according to a Microsoft Corp. and Accenture survey released today at SPE’s Annual Technical Conference and Exhibition (ATCE) in Florence. Sixty-four percent cite a simpler and more unified computing environment as very valuable to their job performance. And more than one-third see an industry-wide collaboration of oilfield products and services providers, IT providers, industry IT standards organizations, and upstream operating companies as most capable of bringing about the needed improvements. Most-often cited benefits include easier access to information, more accurate information and enhanced collaboration.

From Moscow To Beijing: A Genuine Bilateral Relationship

Over the past two decades, Sino-Russian summits have become the norm. Good relations with Beijing are one of the major and most valued assets of Moscow's foreign policy today. China ranks, along with the United States and the European Union, among Russia's most important partners. Sino-Russian relationship is based on the principles of reciprocal respect, sovereign equality and mutual benefit. This is nothing short of a small miracle. Moscow and Beijing have established this formula and have been living up to it, even as China's power steadily increased and Russia faced enormous difficulties after the collapse of the Soviet Union.

Russia's ”Prirazlomnaya” Platform Gets Ready For Arctic Drilling

Russia will soon be ready to start production at its first offshore oil field in the Arctic, the Prirazlomnoye field in the Pechora Sea. The Prirazlomnoye field, which is located in the eastern part of the Pechora Sea about 60 km north of the Nenets Autonomous Okrug, is due to be put production early next year, license holder Gazprom Dobycha Shelf confirms to Prime-Tass. The project, which has been delayed for a number of years, will be Russia’s first Arctic offshore hydrocarbon field in production.

Siemens To Assist Gazprom With LNG Technologies

Siemens AG (NYSE:SI) is planning to enlarge its presence in Russia by setting up the Russian Turbo Machinery joint venture to manufacture compressors in Perm. "The first compressor is to be built in 2011 and the first order is expected in October", Siemens Energy Sales Department Director in Russia Sergey Kuzmin told journalists during a news conference. The project envisions an investment of 60 million euros to build a new, greenfield production facility and increase production capacity over the next three years.

U.S. Analysts See Rush Coming To Unconventional Oil

According to a new market analysis just released from BENTEK Energy, LLC, the horizontal drilling and hydraulic fracturing technology that has revolutionized natural gas production from shales and other unconventional plays is beginning to transform the domestic crude oil industry. The new report, titled The Rush to Unconventional Oil, details how these technologies are being used to unlock oil from shales in a number of plays such as the Bakken and Niobrara shales in the Rockies region, the Bone Springs/Wolfberry, Granite Wash and Eagle Ford plays in and around Texas and the liquids-rich shales in the Southwestern Marcellus.

Eurasia Drilling Company and Schlumberger Enter Strategic Alliance, Sell and Purchase Assets

Eurasia Drilling Company Limited (Eurasia) and Schlumberger announced today that they have signed a Letter of Intent to sell and purchase each other’s drilling and service assets, while entering a strategic alliance in the CIS. Schlumberger has agreed to sell all drilling, sidetrack and workover rigs currently operating mainly in West Siberia to Eurasia. As part of the sale, the rigs’ crews will transfer to Eurasia.

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