February 4, 2012
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Editor's Letter

Chaos in North Africa – With Oil at $150 a Barrel are There Any Winners?

Pat Davis Szymczak

   The events this month in North Africa and the Middle East have again been a reminder that I’ve lived too long in Russia. I’ve...

Main Article

Deputy Russian PM Sechin Must Resign From Rosneft Board - Kremlin Aide

Government officials including Deputy Prime Minister Igor Sechin, a close ally of Prime Minister Vladimir Putin, will have to leave their posts as board chairmen of state companies, Presidential Economic Aide Arkady Dvorkovich said on Thursday.

Featured Article

Making Russian Arctic Drilling More Safe

The oil spill in the Mexico Gulf in 2010 was an eye-opener for Russian authorities, which currently face a number of new offshore projects on the country’s shelf, both in the Arctic, the Far East, the Black Sea and the Caspian Sea.

More Top Features

Cooperation Between Russia and China in the Energy Sector Interests, Problems and Prospects

   Unlike the U.S.-China axis, where the two sides compete for global energy resources, on the industrial and food markets, and in the future may become rivals on the financial services market, links between the Russian and the Chinese economies structurally complement each other; besides this, huge deposits of Russia’s primary resources are geographically close to the Chinese border.

Method of Evaluating Normal Stresses Developed by the Expanding Cement Stone

   As known, expansion of cement stone after the start of cement setting ensures effective sealing of contact points between cement ring, borehole wall and pipe. However, there is no simple method for determining the value of the contact pressure of the expanding cement stone on the walls of the well.

NOVATEK Chief Ventures Into New Business

   Enlisting a well-connected investor helped Leonid Mikhelson, the head of NOVATEK gas producer, to hone its competitive edge while aiming at Gazprom itself – and also spreading its investments in other industries. Mikhelson recently announced the acquisition of Sibur Holding, the largest domestic petrochemical holding worth about $7.5 billion excluding liabilities.

Growing Demand for Meters Drilled Should Stabilize Contractors’ Rates and Provide Old Rigs Replacement

   Though a year ago many representatives of drilling service companies and rig manufacturers interviewed by OGE described the standing of their companies as stable, they still complained about the crisis detrimental effect, reduction in volume of orders, and expansion of Chinese equipment manufacturers.

Belarus, Russia and Kazakhstan Move to Streamline Standards

   Three states (Belarus, Kazakhstan and Russia) put their heads together to make another step in the right direction to joining the WTO: the countries have established a Customs Union and agreed to form the Common Economic Space (CES), the next project in the pipe, by January 1, 2012.

Controlled-Penetration Sealant System for Water and Gas Shutoff Applications

   The production of unwanted fluids (either water or gas) is a major problem in hydrocarbon producing fields throughout the world. This article presents the field application of a controlled-penetration sealant (CPS) system for water and gas shutoff. This system can be considered an alternative to standard cement squeeze operations for zonal isolation, casing leak repair, sealing of thief zones, and many other wellbore operations.

Gazprom Gains Ground on the Spot Market The giant also intends to retain its long-term contracts

   Low spot prices during the global economic crisis did not help the Russian gas giant, whose long-term contract prices were too high for consumers. However, in the fourth quarter of 2010, European exchanges provided Gazprom with what was Christmas and New Year’s present in one.

Modular ACHE Equipment Aids in Oil and Gas Industry Heat Removal

   Fresh water has always been the main cooling agent for the removal of excess heat in industrial processes and in cooling equipment. However, the reckless use of large quantities of water has aggravated environmental situation in many Russian regions. Here, switching the cooling agent from water to air would be a fundamental solution to the challenge.

“Day of Shtokman Development AG” held in Gubkin Russian State University of Oil and Gas

On March 17 at the Gubkin Russian State University the management of Shtokman Development AG met students and post-graduates of the University. During the meeting Alexey Zagorovskiy, SDAG Chief Executive Officer, told about the unique features of the gas field development and necessity to train high-qualified personnel.

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