fetching latest news
News tagged in:
In order to develop and embrace new technologies to increase oil recovery, Russia’s Gazprom Neft and China National Petroleum Corporation (CNPC) have come together as technical partners at the Eastern Economic Forum. The objective of the partnership also includes developing advanced techniques for polymer and surfactant flooding. The first step in the process would be a feasibility study for surfactant flooding which will take place at the Sutorminskoye field.
Gazprom, gas giant of Russia announced its Q2 report. The company’s profit surged and jumped to $3.8 billion. The numbers of the company beat all the expectations of the analysts. Gazprom gained profits from the increasing fuel prices. The shares of gas major increased by 1.1%. Gazprom has shipped over 101 billion cubic meters of natural gas to EU and accounted for 34% share in the gas market of Europe.
Chairman of the Management Committee of PJSC Gazprom recently met with acting Governor of Yamalo-Nenets autonomous area to discuss the key priorities of cooperation. The parties affirmed their commitment towards the continuation of constructive and mutually beneficial cooperation between the company and the regional government. 90% of Gazprom gas is produced from the fields of Yamalo-Nenets, and the area has seen RUB 884.7 billion investment in the last 5 years.
After Skolkovo Institute, Russian-Gazprom NEFT has now reached an agreement with tech giant IBM for the development of new technologies in onshore oil production. The new technology will be used to boost the efficiency of geological exploration and production of onshore reserves. The expanded cooperation is within the framework of an agreement made on strategic cooperation between Gazprom and IBM during this year’s St. Petersburg International Economic Forum.
A 3.4 TBtu cargo of Russian LNG reached India at its Dahej LNG terminal in Gujarat, the day before yesterday. GAIL recently renegotiated with Gazprom about the terms of the 20-year deal to import 2.5 million tones/year of LNG. India received its first cargo of US LNG a few weeks back. India Petroleum Minister, Dharmendra Pradhan sees the LNG import from Russia adding a new dimension to Indo-Russian bilateral relations!
The first ever cargo of Russian LNG is on its way to India and will reach the Petronet terminal today. The import comes in line with GAIL’s renegotiation with Gazprom about the terms of the 20-year deal to import 2.5 million tonnes a year of LNG. India received its first cargo of US LNG a few weeks back. The price indexation has been changed from the Japan customs-cleared crude to Brent.
Gazprom, the Russian gas giant, has said that not more than $ 5 billion capex is required for the construction of a gas processing complex near the Baltic Sea. Moreover, the firm will allocate a pipeline capacity of 45 billion cubic meters per year for the project.
Achimgaz, a German-Russian joint venture of Wintershall and Gazprom, has set a new benchmark, with total production reaching 30 Bcm of natural gas. Moreover, the company has produced more than 13 million tons of gas condensate, till date. The record figures reflect that developing difficult hydrocarbon deposits like the Achimov horizon can be successful and profitable.