№10 October 2012Table of contents Issue Archive
Thoughts on Why We Celebrate Oilmen's Day in September
Pat Davis Szymczak
September has arrived and the business life in Moscow is starting up again. How do I know? Traffic has quadrupled in the last week!
With so much going on in...
Russian oil and gas field service companies are not happy with the situation they find themselves in which effectively makes them creditors to their production company clients, service company reps unanimously said during the Neftegazservis-2012 conference held October 9 in Moscow.
After riding high in 2010 and 2011 on drilling demand created by the North American shale boom and some recovery in the U.S. Gulf of Mexico following the Macondo incident, the major oilfield service companies saw their mid-year margins in North America shrink in 2012, while their costs rose. However, margins from activity occurring outside the U.S. are growing for companies in this sector, and rig counts outside North America are projected to be up eight percent in 2012, according to a recent report from IHS (NYSE: IHS), the leading global source of information and analytics. The four companies covered in the report are Baker Hughes, Halliburton, Schlumberger and Weatherford.
In the 21 years since the Soviet breakup, Kazakhstan has had to continually refocus its policy making to insure its independence. Initially it needed to distance itself from Russia, but soon that evolved into a multi-vector approach that included not only new allies but Russia as well.
Oil&Gas Eurasia: Why have you decided to set up a Technopark of this profile?
Mikhail Sochenko: Objective prerequisites for that arose long ago, and I would like to go into detail on this issue. Russia is one of the world leaders in oil production.
Deepwater and remote offshore locations in undeveloped areas have led to the growth of use of FPSO production vessels. The requirements in FPSO are very demanding, including compact installation space, open deck environment and ship movements.
The company Saturn – Gazovye Turbiny has won the bid for delivery of 22 gas-compressor units. Each unit’s capacity is 25 MW. The units will be used to build “Kazachya”, “Korenovskaya” and “Shakhtinskaya” compressor stations on the “South Stream” gas pipeline.
PJSC “YUZHNIIGIPROGAZ” performs the following operations:
1. Engineering design of oil and gas industry facilities:
Field facilities related to development of gas and oil-and-gas condensate fields;
Transmission pipelines and underground facilities for gas, oil, gas condensate and their products;
Primary well cementing, remedial cementing, provision of oilfield and specialized support service vehicles, off-road caterpillar machines, execution of work with use of the proprietary downhole equipment – this is far from the complete list of services rendered by Servisnaya Transportnaya Companiya.
Russia’s newest oil terminal began commercial operations this week, six months after Russian President Vladimir Putin inaugurated the testing phase of the site that establishes a direct link between Russia and Europe. The new oil terminal is located at the Ust-Luga merchant seaport on the Gulf of Finland and is the final destination of the Baltic Pipeline System-2 (BTS-2).
SIBUR's upgraded Vyngapurovsky gas processing plant can increase the processing of associated petroleum gas (APG) to 99% thanks to the new installation NTKR facility (cryogenic condensation and distillation).
The fate of the Russian gas industry hinges on it’s ability to successfully exploit the Yamal Peninsula’s enormous oil and gas reserves, as well as it’s ability to adapt to fundamental changes in global gas markets, according to remarks made at this year’s “Yamal Peninsula: Oil & Gas Perspectives” conference in Moscow.
Itron, Inc. announced that it is launching a new smart gas meter platform that is designed to deliver smart meter functionality to the European market as smart meters are rolled-out in the coming years. Itron’s smart gas meter will help utilities measure and manage gas through accurate and detailed usage data, as well as reduce business costs by using capabilities, such as remote asset monitoring, advanced alarms and remote valve operation. This innovative meter will replace aging traditional meters in the field with a future-proof product that will support the needs of gas providers today and into the future.