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Oil up as U.S. drilling stalls, Iranian sanctions bite

10.09.2018


LONDON (Reuters) – Oil prices rose on Monday as U.S. drilling stalled and investors anticipated lower supply once new U.S. sanctions against Iran’s crude exports kick in from November. Benchmark Brent crude oil rose $1.09 a barrel, or 1.4 percent, to a high of $77.92 and was trading at $77.50 by 1130 GMT. U.S. light…



Import substitution in stevedoring sector

31.08.2018


Transshipment of Russia’s foreign trade cargo via the ports of the Baltic states and Ukraine in the first half of this year fell by 7.5% to 22.2 million tonnes. Their share has decreased from 6.51% in HI’2017 to 5.88% in HI’2018. High dependence is still observed in the segment of dry bulk cargo while the…



Russia boosts oil production by 100,000 bpd in June

01.08.2018


Part of this oil supposedly came from storage OPEC and other oil-producing countries decided to ease global output cuts aimed to stabilise the oil market last month. Following the decision, Russia added about 100,000 bpd to its monthly production in July. Some industry sources state that at least part of this extra oil originated from…



Sources: Russia Raises Crude Oil Exports From Sakhalin-1 In 3Qby

26.07.2018


Russia plans to boost crude oil exports from the ExxonMobil-led Sakhalin-1 project to between 260,000 to 266,000 barrels per day (bpd) in the third quarter after major oil producers agreed to lift production at the end of June, industry sources said on Monday. The exports include 10 to 11 cargoes of Sokol crude to be…



Transneft Siberia has obtained an approval from the Russian General Board of State Expert Review on the design documentation of the Surgut-Polotsk pipeline reconstruction.

12.07.2018


The project stipulates for the replacement of a 20km line section of the Surgut-Polotsk main with a calibre at 1200 mm and further connection of the section to the operating pipeline. The Surgut-Polotsk main is the oil pipeline connecting Russia’s Western Siberia to Belarus. The Siberian oil is transferred to Belarus via the pipeline and…



Chernomortransneft has started building six storage tanks at Sheskharis terminal


Chernomortransneft has initiated the construction of six vertical storage tanks as of 30k cbm each at Grushovaya site within the framework of the package Sheskharis reconstruction programme. The reservoirs are designed for diesel fuel and gasoline storage. Phase one is scheduled for 2019, whereas phase 2 – for 2020. Groundworks are currently underway. Moreover, Grushovaya…



Aker Arctic’s recent icebreaker designs built in Russia

10.07.2018


At any given time, Aker Arctic’s ship design department has a few dozen active projects of various sizes in various stages of competition, ranging from minor consultancy work and preliminary sketch designs to full basic design projects and shipyard support during vessel construction. Not every ship concept development leads to the construction of state-of-the-art icebreaking…



Big port deserves big bunkering

11.06.2018


Bunkering market of Big Port St. Petersburg is stable and the number of oil spills is decreasing. This segment is facing the creation of infrastructure for LNG bunkering and development of new terminals. Harbour Master’s Service of the port tells IAA PortNews about the situation in the bunkering market of Saint-Petersburg. Situation with oil spills…



Philippines to import diesel from Russia

01.06.2018


The Philippines will import about 240 million liters of diesel from Russia and other countries that are not members of the Organization of the Petroleum Exporting Countries (OPEC), an energy official said on Thursday. This, however, is not expected to bring down oil prices in the country. Energy Undersecretary Felix William Fuentebella said the importation…



Row Over Port Control Disrupts Russia’s Oil Product Exports

20.03.2018


Russia’s exports of oil products from the Black Sea port of Novorossiysk have been disrupted since the beginning of this month due to a conflict over the control of the port, Reuters reported on Wednesday, citing four industry sources. The port of Novorossiysk handles between 300,000 tons and 350,000 tons of oil products each month,…