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Energy news
Bulletine Energy 


2017 July 05 ( Wednesday )  10:37:06
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First Shah Deniz 2 Platform Topsides Installed

Baku/05.07.17/Turan: Following the successful sail-away of Azerbaijan"s Shah Deniz 2 Quarters and Utilities (QU) platform topsides on the STB-1 transportation barge, the topsides unit arrived in its location at around 18:00 on July 2, said the message from BP.

On July 3, the float-over operations started with the STB-1 moving slowly into the jacket slot. The float-over operation was completed with full load transfer onto the jacket at 15:00.

On July 3 evening, the first residents of the new platform - the platform manager and the initial hook-up and commissioning (HUC) team, transferred to the platform to begin HUC operations.

"This is very good news with the QU deck float over operation successfully completed. And it is great to see it was executed safely. I would like to thank everyone who has contributed to this milestone through all phases of project preparation and execution," said Ewan Drummond, BP"s Vice President, Projects.

The contract for development of the Shah Deniz offshore field was signed on June 4, 1996.

* The shareholders in the contract are BP (operator - 28.8 percent), AzSD (10 percent), SGC Upstream (6.7 percent), Petronas (15.5 percent), Lukoil (10 percent), NIOC (10 percent) and TPAO (19 percent).

The first gas and condensate production within the Shah Deniz-2 project is planned for the summer of 2018. -12D

SOCAR Conducts Geophysical Exploration in Central Part of Azerbaijan

Baku/05.07.17/ Turan: The subdivision Razvedgeofizika of the Department of Geophysics and Geology of SOCAR conducts complex geophysical exploration work on regional oil and gas bearing profiles in the Yevlakh-Agdjabedi trough. This is stated in the message of SOCAR.

For the purpose of regional monitoring of the Mesozoic and Cainozoic deposits and the study of the thickness of sediment complexes of various ages, two-dimensional seismic surveys are carried out on four profiles of the oil and gas region on the territory of 312 linear kilometres, as well as gravimetric and magnet metric investigations of 340 linear kilometres.

"The work was started in April 2011. At present, 176 linear km of 2D seismic studies, 235 linear km of gravimetric and 245 linear km of magnet metric studies have been completed. On the basis of the geophysical data obtained from the profiles, depth maps of different scales will be compiled, reflecting regional and local areas," it was reported.

The customer of the project was SOCAR's Azneft. -12D-

SOCAR Reduced Shipment of Oil from Ceyhan by 5% in H1 of 2017

Baku/05.07.17/ Turan: SOCAR shipped 8,126,315 tons of Azerbaijani oil from the Ceyhan oil terminal in the first half of 2017. According to the press service of SOCAR, in the first half of 2016 SOCAR shipped 8,536,793 tons of oil from Ceyhan. Thus, the shipment decreased by 4.8% in H1 of 2017.

In June, the company shipped 1,429,248 tons of Azerbaijani oil from the terminal in Ceyhan.

According to SOCAR, in June Brent oil was sold in the world markets at an average price of $ 46.53 per barrel (in May - $ 50.43), Urals - $ 45.97 per barrel (in May - $ 49.4 per barrel), and Grade BTC FOB Ceyhan - $ 47.51 per barrel (in May - $ 51.55 per barrel). -12D

SOCAR Reduces Oil Products Export by 28% in H1 of 2017

Baku/05.07.17/ Turan: SOCAR exported 465,163 tons of oil products and petrochemicals to the world markets in the first half of 2017. According to the press service of SOCAR, for the first half of the year in 2016 oil products were exported in the amount of 643,085 tons. That is, in the first half of 2017 the volume of exports decreased by 27.7%.

In the structure of exports in January-June 2017, the share of diesel fuel was 315,554 tons, aviation fuel - 24,085 tons, fuel oil - 111 tons, high pressure polyethylene - 47,811 tons, absolute isopropyl alcohol - 5,819 tons, liquid pyrolysis resin - 34,301 tons, propylene - 22,157 tons, and butylenes -butadiene fraction - 15,319 tons.

* In 2016, SOCAR exported 1,139,897 tons of oil products.

Ashgabat Proposes New Route for Delivering Turkmen Gas to China

Baku/05.07.17/ Turan: Turkmenistan has initiated the development of a new route for the supply of natural gas to China - through Afghanistan, Tajikistan and Kyrgyzstan.

Kabul supports this proposal of Ashgabat, President of Afghanistan Mohammad Ashraf Ghani said at the talks in Ashgabat with Gurbanguly Berdimuhamedov on July 3, the report of which was shown by Turkmen television.

According to the Turkmen state agency, the initiative put forward by the Turkmen leader indicates the intention to lay the second pipeline on the Afghan territory. Moreover, it is possible that the idea to arrange the delivery of Turkmen gas to China via Afghanistan is aimed at replacing the previously discussed route project through Uzbekistan, Tajikistan and Kyrgyzstan.

The parties at the talks also noted the importance of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline (TAPI) under construction. "I hope that we will witness its implementation," the Afghan leader said at the briefing. -0-

Uzbekneftegaz to Sack 12,000 Employees

Baku/05.07.17/ Turan: By the decision of the President of Uzbekistan Shavkat Mirziyoyev, a set of measures to improve the management system of the oil and gas industry was approved. The website of the head of state reports this.

According to the documents, new tasks for long-term and stable development of the industry require a radical review of the existing organizational structure and the introduction of modern corporate governance methods.

One of the most painful decisions will be the dismissal of 12,000 employees of structural units and subsidiaries of Uzbekneftegaz.

The head of state instructed the Ministry of Employment and Labor Relations to assist in the placement of the fired workers.

After the reorganization, the five largest companies included in Uzbekneftegaz will receive an updated list of priority tasks.

In particular, Uzneftegazdobycha will develop deposits and produce oil, gas and gas condensate, Uznefteprodukt - processing hydrocarbons and producing oil products, Uzburneftegaz - drilling and construction of exploration and production wells, Uzneftegazmash - production of oil and gas and chemical equipment.

Uztransgaz will be responsible for providing the population and enterprises of the country with natural and liquefied gas.

The President of the country instructed the company to improve the system of transport main gas pipelines and gas distribution networks, keep strict account of the sold "blue fuel" and the full revenue, take measures to reduce losses and waste of gas, prevent and suppress theft and illegal connection to gas networks.

Also, the head of state approved the decision to create a limited liability company within Uzbekneftegaz. This company, Neftgazexport, will specialize in the export of products of the Uzbek oil and gas industry.

In addition, part of the enterprises are planned to be withdrawn from the structure of Uzbekneftegaz and put up for sale in shares to local and foreign investors.

* According to the annual report of the company, as of January 1, 2016 more than 128 thousand people worked in the structures of Uzbekneftegaz. -0

Date of Gas Supplies via Siberia Power Pipeline to China Announced

Baku/05.07.17/ Turan: Deliveries of Russian gas via the Siberia Power pipeline to China will begin on December 20, 2019. This was announced yesterday by Gazprom CEO Alexei Miller.

"An agreement was signed between Gazprom and our Chinese partner CNPC on the date of the beginning of gas supplies via the Siberia Power gas pipeline on December 20, 2019," TASS quotes him.

Gazprom and CNPC signed a contract for the purchase and sale of Russian gas on the "eastern" route (Siberia Power) in 2014. The contract is concluded for a period of 30 years and involves the supply of up to 38 bcm of gas to China per year. The construction of the gas main started in 2015. The total length of the pipeline, taking into account the Chinese segment, will exceed 4 thousand km. -0

Russia to Take Fifth Place in World for LNG Production by 2025

Baku/05.07.17/ Turan: Russia will rise to the fifth place in the world for LNG production from the ninth after the Yamal LNG project is launched to full capacity.

This statement was made by the head of Novatek Leonid Mikhelson yesterday at a meeting of the leaders of Russia and the PRC with representatives of public organizations, business circles and media communities of the two countries.

"The Yamal LNG first line is already undergoing commissioning, we plan to start production at the end of this year, and in 2018-2019 the second and third stages of the project will be launched," he said.

Mikhelson expressed his gratitude to the leadership of Russia and China for supporting the Yamal LNG project, which allowed Russian-Chinese financing to be implemented at the set time.

"As part of the government's decree, Novatek has started designing the next Arctic-LNG-2 project on the Gydan Peninsula, with the combined capacity of Yamal-LNG and Arctic-LNG at about 35 million tons," the head of the company said.

The capacity of the Yamal LNG project will be 16.5 million tons per year at the resource base of the South Tambee deposit. The shareholders of the project are Novatek (50.1%), Total (20%), CNPC (20%) and the Silk Road Fund (9.9%).

Arctic LNG-2 is the second project of Novatek. The planned launch time is 2022-2025. The resource base for the project will be deposits on the Gydan Peninsula. -0-

Qatar Plans to Increase LNG Production to 100 Million Tons by 2024

Baku/05.07.17/ Turan: The world's largest exporter of liquefied natural gas (LNG) intends to increase the volume of LNG production to 100 million tons per year by 2024. This was stated by the General Director of the state oil and gas corporation Qatar Petroleum Saad Sherida al-Kaabi.

"We intend to increase the production of liquefied natural gas from 77 million to 100 million tons per year," he said, noting that the project is designed for 5-7 years and is focused on the North Field.

Qatar Petroleum, being a state oil and gas corporation, was created by the decree of the Emir in 1974. Qatar is the world leader in the supply of LNG. In 2016, the emirate produced 79.6 million tons of liquefied gas and accounted for 30.2% of the total supply in the market. The main market for the Qatari LNG is the countries of Asia, such as China, Japan and India, TASS reported. Gas is also supplied to Italy, Great Britain and Turkey. -0-

OPEC Increased Oil Production to Maximum since Beginning of 2017

Baku/05.07.17/ Turan: Despite the signed agreements on the reduction of oil production to contain the fall in oil prices, OPEC members continue to increase it. This was reported by Bloomberg.

According to the agency's experts, the average daily oil production in the OPEC countries in June 2017 increased by 260 thousand barrels, reaching the highest levels since the beginning of the year.

At the same time, about half of the growth was achieved due to growth in production in Libya (an increase from the beginning of the year by 300 thousand barrels / day) and Nigeria, which are exempt from any obligations to reduce oil production.

Oil production is also increasing in Russia. Growth for the first half of the year was about 1% compared to the same period last year. -0

Average Price of Urals Oil Increased by 1.3 Times in H1 of 2017

Baku/05.07.17/ Turan: The average price of Urals oil in January-June of 2017 was $ 50.3 per barrel. This was reported in the Ministry of Finance.

In 2016, the average price for Urals in January-June was $ 37.85 per barrel. The average price for Urals oil in June 2017 was $ 45.65 per barrel, which is 1.01 times lower than in June 2016 ($ 46.49 per barrel). -0