ENI

Gazprom ready to help Egypt to extract gas in the Mediterranean Sea

​The official representative of the corporation said that the Russian party hasn’t received offers concerning a new deposit as yet.
Gazprom has commented on the opportunity of its participation in the development of a gas deposit discovered by Eni near the coast of Egypt. According to the official representative, S. Kupriyanov, Russia admits an opportunity of joining its development and waits for an offer from Cairo.
If we are offered to participate, we will consider such an opportunity. But there are no such offers as yet, Kupriyanov said.
Experts say the consultations upon the fate of the deposit might coincide with the favorable political background. The deposit is said to be huge by its volumes. Recently the Presidents V. Putin and A. F. As-Sisi discussed the perspectives of cooperation of Russia and Egypt in the framework of the official visit of the President of Egypt. Besides the issues of global safety and perspective of an important economic project on the modernization of the Suez Canal, the parties discussed the goals of expansion of cooperation in the spheres of trading, tourism and energy.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

CPC pipeline restarts after a scheduled stop.

On August 20 after a 72-hour scheduled stop CPC pipeline was started. During this period the entire planned scope of work was successfully completed.
At the same time, in all regions throughout the pipeline system of the consortium from Tengiz to Novorossiysk about 30 teams were involved in the linear part, NPS and MT. Works were related both to current operating activity and expansion project.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Eni and KazMunayGas to found a JV for geological exploration at the Caspian

​Eni and KazMunayGas will hold exploration works at the Isatai deposit in the Kazakh sector of the Caspian.
Isatai will be operated by the JV of Eni and KMG on parity basis.
Isatai is very sensitive in the ecological aspect of extraction, so Eni will share its technologies and experience with the JV.
The transfer of the stake is expected to be over within a few months provided the deal is approved by the Government of Kazakhstan.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Sanctions are not a problem for European oil companies to expand cooperation with Russia

​The largest oil companies of Europe expand cooperation with Russian partners despite of the intention of Brussels to go on the realization of the policy of sanctions, Financial Times reports.
BP reports that it plans to purchase 20% of Rosneft’s shares in “Taas-Yuraykh Neftegasdobycha” Ltd. The amount of the deal might reach $700 mln. Bp’s head, R. Dudley, said that the company would study the additional opportunities for investment in Russia.
Eni and Statoil were allowed by the EU to ho on joint projects with Rosneft that includes the sharing of technologies. Statoil plans to drill 2 wells at the North-Komsomolsky deposit this summer. Eni is likely to go on working in the Black Sea
Shell still cooperates with Gazprom Neft in the JV “Salym Petroleum”.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

"The strategic direction!" Sechin sells access to Siberian oil to the British.

Rosneft is preparing to sell the British oil company BP 20% in its subsidiary "Taas-Yuryakh Oil and Gas". The British will have access to one of the strategic Siberian fields.
As "RBK" reports with reference to the Financial Times, the deal could be announced this week during the St. Petersburg International Economic Forum.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Gazprom and ENI to discuss Russian gas supply to Italy

A.Miller, Gazprom’s head, and C.Descalzi, CEO of ENI discussed the project “Turkish Stream” and prospects of increasing of the capacity of the “Blue Stream”. It is stated by Gazprom.
The meeting took place in Milan. The parties discussed cooperation in gas sector and Russian gas supply to Europe, mainly to Italy.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Transaction between Shell and BG may deprive them of share in Karachaganak field in Kazakhstan

Oil and gas giant Royal Dutch Shell in the merger by the British oil and gas company BG Group plc may lose its share in a major oil field in Kazakhstan, as in the event of deal completion the Government of the country can claim for BG Group’s shares in the project, BG says in its report for 2014.
"In the event of a change of control over BG Group, Kazakhstan can claim the right to purchase the company's share in the final production sharing agreement, which manages the operation of the gas and gas condensate field Karachaganak (BG Group now owns 29.25% in it)," - the British company says.
The Karachaganak field is controlled by a group of investors, which, in addition to the BG Group, are Eni (29.25%), Chevron (18%), Lukoil (13.5%) and KazMunaiGas (10%). As it is noted on the site of BG Group, the currently production at the deposit is carried out at the highest level and is about 45% of the total gas production in Kazakhstan and 16% of the production of liquid hydrocarbons.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Eni: Europe to have pay more for gas supplies diversification

Europe will have to pay more if it wants to diversify gas supplies, head of the Italian company Eni K.Deskaltsi stated. 
If you are interested in energy security, you should pay for it, said K.Deskaltsi. He explained that if Europe didn’t want to depend on a single source of energy, and thihs is a political task, it should to pay for it.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Volume of oil shipment via sea terminal CPC in Q1 2015 rose by 16.2% to 10.9 mln tons

​The volume of oil shipment via the sea terminal of Caspian Pipeline Consortium at the port of Novorossiysk in Q1 2015 rose by 16.2% against Q1 2014 to 10 mln 979 thousand 539 tons, CPC reports.
In March the oil shipment rose by 19.4% to 3 mln 932 thousand 621 tons.
The pipeline system “Caspian Pipeline Consortium” is one of the largest investment projects in the energy sector with the participation of foreign capital in the CIS. The length of the pipeline that connects the oil deposits of the Western Kazakhstan with sea terminal in Novorossiysk is 1,511 km. The sea terminal CPC is equipped with the mooring fittings allowing to safely load tankers at a far distance from the coast, including in unfavorable weather conditions. The volume of oil shipment via the sea terminal CPC in 2014 rose by 22.2% to 39.9 mln tons.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Eni Turkmenistan announced a tender for crude oil sale

​On March 24th 2015 “Eni Turkmenistan Ltd” announced a tender for the sale of crude oil.
The applications are received until 12.00 p.m. local time on April 22nd 2015.
The companies willing to sign an agreement for oil purchase should send an official application to the manager for business development and dispatch: [email protected].
On March 20th 2015 Eni announced of the prolongation of the tender in Turkmenistan.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer