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Latest Energy in Russia Stories

2008-10-31 12:00:28

MIDLAND, Texas, Oct. 31 /PRNewswire-FirstCall/ -- Natural Gas Services Group, Inc. , a leading provider of compression equipment and services to the natural gas industry, announces plans to release its 2008 third quarter and nine months financial results at 8:25 AM Central Time on Wednesday, November 5, 2008. In conjunction with the release, the Company has scheduled a conference call Wednesday, November 5, 2008 at 10:00 AM Central Time/11:00 AM Eastern Time. What: Natural Gas...

2008-10-23 09:00:32

Russian gas major Gazprom has reported operating profit of RUB365.63 billion for the first quarter ended March 31, 2008, compared to RUB209.79 billion for the same period of 2007. The company reported net natural gas sales of RUB595.79 billion for the three months ended March 31, 2008, a 39% increase compared to the same period of 2007. Net sales of oil and gas products increased by RUB56.59 billion, or 54%, in the three months ended March 31, 2008. The increase was mainly due to the...

2008-10-16 03:00:18

Russia-based vertically integrated oil company TNK-BP has commenced deliveries of crude oil produced at the Verkhnechonskoye field to the East Siberia-Pacific Ocean Pipeline. TNK-BP and Rosneft are the major shareholders of Verkhnechonskneftegaz (VCNG), the operator of the project. In 2008 production at Verkhnechonskoye field (VC) is expected to reach 2,500 tons per day. In 2009, the project is expected to produce in excess of 1 million tons. Cumulative investment in the project has now...

2008-10-15 12:00:28

Officials from Russian energy giant Gazprom met with Alaskan state officials to discuss investing in the northern state's energy projects, the company said. "Gazprom has accumulated great experience in exploring hydrocarbon deposits, building and using gas pipelines in the far north environment," the company said in the statement. "Gazprom's experience will be relevant in realization of similar projects in Alaska," Gazprom said. State representatives and about a dozen company officials,...

2008-10-10 09:00:45

Russian natural gas producer Novatek has reported that natural gas production increased by 1.63 billion cubic meters or 27.1% in the third quarter of 2008, compared to natural gas production in the same period of 2007. The company has reported that gross liquids production increased by 8,000 tons, or 1.2% in the third quarter of 2008, compared to the corresponding gross production in the same period of 2007. Gross production totaled 7.64 billion cubic meters of natural gas and 639,000 tons...

2008-10-10 03:00:29

By Anonymous Transneft President Nikolai Tokarev recently met South Korean officials to negotiate financing the construction of the East Siberian oil pipeline. The pipeline will connect Taishet, in central Siberia, to Perevoznaya on the Pacific coast close to Russia's border with China. There will be 44 oil pumping stations along the 4,130-km route. The 1,200-mm pipeline will have the capacity to transport up to 80 MMt/a of oil for shipments to China and Japan, as well as to South Korea,...

2008-10-10 03:00:29

By Feller, Gordon Gazprom's web in Europe continued to expand when the Russian state-owned gas monopoly announced that it would begin supplying gas to Ireland through its subsidiary Gazprom Marketing and Trading. Precise terms of the deal have not been revealed. Gazprom plans to supply about 10-15% of Ireland's gas in the first five years of operations in the country. Ireland is the 23rd European country where Gazprom will sell its gas to consumers. The Gazprom juggernaut is an impressive...

2008-10-10 03:00:29

By Anonymous China has signed an agreement that will pave the way for the development of a 1,000-km gas pipeline from Myanmar to southern China. The agreement covers the sale and transportation of gas from the A-1 and A-3 blocks, located offshore Myanmar. Last year operator of the two blocks, Daewoo, said it had picked China as a preferred bidder for Myanmar gas, ahead of India and Thailand which also planned to build pipelines to export the gas. South Korea had also bid for the gas, but...

2008-10-09 06:00:35

Conduit Capital Partners, a private equity investment firm, has announced that its subsidiary, Kuntur Transportadora de Gas, has been awarded a 30-year concession contract by the government of Peru to build a 700-mile pipeline that will carry natural gas from the Camisea gas fields to the port of Ilo in southern Peru. Development and construction costs for the pipeline, known as the Gasoducto Andino del Sur (GAS), are estimated to be $1.4 billion. The pipeline will deliver attractively...

2008-10-08 12:00:32

Text of report by corporate-owned Russian news agency Interfax Moscow, 8 October: Russia's decision on its involvement in the construction of the Nabucco gas pipeline will depend on the situation in the region, Russian First Deputy Foreign Minister Andrey Denisov has told Interfax. "The project is still on paper, and it is difficult to assess its viability. Russia's involvement in it will depend on economic conditions and stability in the region," he said in an interview with Interfax....


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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