Russia needs to re-focus investment from easier conventional onshore projects to more difficult and expensive tight oil, LNG and Arctic developments to maintain production in the longer-term, according to industry analysts Wood Mackenzie…
Rosneft, Gazprombank, Sovcomflot and Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. (DSME) have signed a Memorandum of Understanding on key terms of cooperation to establish shipbuilding and industrial cluster in the southern part of Primorskiy Krai (Russian Far East)…
Sea Trucks Group has won a contract from Daewoo Shipbuilding and Marine Engineering (DSME) to provide an accommodation vessel for the Arkutun-Dagi Project, operated by Exxon Neftegas Limited, in Sakhalin, Russia. Sea Truck’s Jascon 25 vessel will be used for the project…
The Arctic is one of the few areas remaining with large finds to be made. In order to operate and develop fields in the Arctic, new technologies are needed and are being developed, from ice-management systems to innovations in drilling. The…
Lamprell has completed and delivered the first of two Caspian Sea jackup rigs following tow out from the Astrakhan re-assembly yard. The new rig will now start its first contract in the Caspian Sea. Good progress is being made on a second Caspian Sea jackup…
FMC wins TEN order FMC Technologies Inc. received an order from Tullow Ghana Ltd. to supply subsea systems for its Tweneboa-Enyenra-Ntomme Development (TEN) offshore Ghana. The order's estimated value is US$340 million. FMC Technologies’ scope of supply includes subsea trees…
Norwegian engineering and construction firm Kvaerner has opened an office in Moscow to position itself for future arctic construction projects. Kvaerner's office in Moscow is being led by Andrey Plotnikov, with a staff of 10 people currently focusing on business development activities…
The US-Russia Business Council (USRBC) held its 21st annual meeting on 29 October in Houston, Texas. Various panels discussed topics ranging from Russia’s global integration to its over-dependency on oil and gas to investment in the country…
The first subsea production facility has been brought on stream offshore Russia, Gazprom announced. The Kirinskoye gas and condensate field, part of the Sakhalin III project, is a 28km subsea tie-back to shore, in the Kirinsky block in the Sea of Okhotsk…
Forces transforming the global energy industry are presenting both opportunities and challenges for Russia, according to senior government and industry figures at the World Energy Congress in Korea. Alexander Novak, Minister of Energy…
More needs to be done to develop Russian subsea production capabilities in order to develop hydrocarbon resources in Russia’s arctic seas, SPE Arctic & Extreme heard in Moscow yesterday. According Gazprom, there is an estimated 21-46Billion tons of oil and 36…
The Caspian Sea is a land-locked interior basin with established oil and gas production that has seen increasing activity since the bordering nations gained independence from the former USSR in the late 1990s. Five nations surround the sea: Russia…
Atkins’ Ramsay Fraser looks at offshore asset integrity assessment techniques and how acceptance criteria depend on geographic region. Evaluation of the integrity of an offshore structure is one of the four key functions of an integrity…
Dubai-based Dragon Oil plc has leased two LeTourneau S116E jackup rigs from BKE Shelf Ltd to use in its Cheleken Contract Area, offshore Turkmenistan. The Neptune and Mercury have been contracted for a period totaling three years. Neptune…
Lundin Petroleum AB and its partner Gunvor Group signed a heads of agreement with Rosneft Oil Company to jointly sell 51% of PetroResurs LLC. PetroResurs, the Russian subsidiary of Lundin, is the 100% owner of the Lagansky block license…
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