September 2, 2012
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Editor's Letter

Russia Proposes Its Own Fuel Bourse in Wake of Market Panic


Pat Davis Szymczak

It’s impossible to be timely in a monthly print publication so I’m afraid to even mention international finance. In the week it takes to print this issue of Oil&Gas Eurasia, God alone knows what could happen. So I invite you to stay current by visiting ...

Featured Article

Oil & Gas Eurasia first site to go “live” within BPA’s web traffic tool; beta test continues with 100+ sites tagged

In another step toward the creation of a single standard for web traffic measurement, BPA Worldwide announced Russia-based Oil & Gas Eurasia has become the first web site to “go live” and make its data publicly available through the auditor’s tag-enabled Interactive tool.

More Top Features

VNIIGAZ at 60 Years. Roman Samsonov Talks about his Vision for Gazprom's R&D Institute

In marking the 60th anniversary of VNIIGAZ this year, Oil&Gas Eurasia honors a vast number of professionals who made a significant contribution to the development of the Russian gas industry.

Experts Debate Best Technology For Barents Sea Development

Developing offshore fields in the northern and eastern seas is a critical mission both for the country’s oil and gas industry and economy as a whole.

Weatherford's "Aquatic" Spreads the Gospel of Aluminiumfor Drilling Deep On and Offshore

Russia's Aquatic Co., now a subsidiary of Weatherford International Ltd., has had a long history of supplying aluminum drill pipe and risers as well as other drilling equipment.

Improving Shift Camp Performance

In the last three years, Russia  witnessed a vast increase in the amount of new oil and gas fields and mining assets. The necessity to develop these assets resulted in the increasing demand in mobile and pre-fabricated buildings.

Success Story. Mirrico Carves Niche in Oilfield Services

Early in 2000, two young men just out of university approached an elderly experienced chemical expert who, by the way, was the Honored Chemist of Tatarstan and asked him to develop a simple and efficient chromium acetate technology for their start-up business.

Russian Industrialists Union Urges Support of Small Oil Producers

What does the oil and gas industry mean to Russia? Its share in the country’s total industrial product amounts to 31 percent.

Submersible Pump Motor Drives Get New Piston Seal Sections

Today oil companies most often use electric submersible pumps like ESP and ESPCP for production purposes.

OPEC General Secretary, Russian President Hold First-Ever Kremlin Meeting

OPEC’s General Secretary, Abdalla El-Badri met with Russian President Dmitry Medvedev in Moscow Wednesday. In speaking with Oil&Gas Eurasia at a conference preceding his meeting with the Russian president, El-Badri said his Kremlin visit was a first-ever official meeting between an OPEC General Secretary and a Russian President.

OPEC Combats Falling Prices with Output Reduction

The OPEC cartel on Friday decided to slash oil production by 1.5 million barrels a day as of next month in an attempt to stem plunging prices for crude.


Signs of the Times

Unprecedented gasoline pricing in the U.S. has forced many to reconfigure their daily commuting habits as well as their vacation plans. Though many enjoyed a brief drop in prices at the pump, OPEC’s recent resolve to cut back on oil production by 1.5 million barrels a day is unlikely to provide any extended relief.

Exxon, Conoco May Join Gazprom's Yamal LNG Projects

Russia's Gazprom is considering U.S. majors Exxon Mobil and ConocoPhillips for its liquefied natural gas (LNG) projects in Russia's Arctic Yamal region, its deputy chairman said on Tuesday.

Alexander Medvedev also said Conoco could gain access to gas deposits in Yamal in exchange for Russian gas export monopoly Gazprom joining gas projects in Alaska.



Oil Majors Seek FLNG Support to Build $5 Billion Ships

Oil and gas companies are racing to develop a new type of vessel they hope will revolutionize offshore gas production but even if the untested technology works, its deployment could be blocked by resource holders who fear it will undermine development goals.

Merril Lynch Sees Oil Falling to $25 in 2009

Oil prices are likely to keep falling until well into next year and could reach $25 a barrel before recovering, U.S. bank Merrill Lynch has said.

OPEC's Khelil: Startle the Market - Stimulate Prices

OPEC's President, Chakib Khelil, recently warned of "surprising" cuts to oil output in an effort to stimulates prices. And once again, the cartel has requested compliance from Russia.

Oil rises towards $46 on IEA report

Oil rose toward $46 on Thursday after the International Energy Agency predicted global growth in oil demand would resume in 2009 and the Saudi oil minister said OPEC's top exporter pumped less oil than expected last month.


Oil Beauty: Tyumen Student Wins Miss World

Brains and blonde! Russian beauty Kseniya Sukhinova, a university student at Tyumen Oil& Gas University, was crowned the 58th Miss World Saturday after a two-hour spectacle in South Africa that combined elements of travelogue and reality show, and the kind of flag-waving usually seen at sports events.

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