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News Article | February 15, 2017
Site: www.businesswire.com

BEIJING--(BUSINESS WIRE)--cippe 2017 (the 17th China International Petroleum & Petrochemical Technology and Equipment Exhibition) will be held on March 20-22, 2017 at New China International Exhibition Center in Beijing. With an exhibition area of 100,000m2, the event will gather around 2,000 exhibitors from 65 countries and regions, including 50 Fortune Global 500 companies and 18 international pavilions, to display the latest cutting-edge petrochemical and equipment technologies and products. cippe is an approved member of the Global Association of the Exhibition Industry (UFI) and enjoys the support of China’s Ministry of Commerce. This year as the petroleum industry is setting to revive, cippe will present a more professional, valuable and wonderful event for the industry players. In 2017, apart from the existing Oil Exploration & Development, Offshore Oil & Gas, Offshore Engineering, Oil & Gas Pipeline, Shale Gas, Natural Gas and Explosion-proof Equipment zones, the event will add professional exhibition zones for more market segments, including Valves, Fire Control, Oilfield & Land Conservation, in a bid to build a more precise and professional matching platform for buyers. So far, companies that have confirmed to attend include Caterpillar, NOV, Schlumberger, GE, Honeywell, DOW Chemical, Rockwell, Transneft, Rosneft, Akzo, API, 3M, E+H, MTU, Hempel, CNPC, Sinopec, CNOOC, CSSC, CSIC, CASC, Jereh, Kerui, RG Petro-Machinery, Sany Heavy Industry, Northern Heavy Industries Group, CITIC Pacific, HBP, Jerrywon, LandOcean Energy, Anton Oilfield, Shanghai Shenkai, Tiehu Petromachinery, Tidfore, CNOOC, DS Group and Warom Technology. Building professional forums to help insiders look into the future cippe 2017 will continue to hold the 9th International Petroleum Summit highlighting low-cost development, which will analyze industry prospects and policies to come up with feasible practices and technologies. Multiple other technology seminars and symposiums will be held concurrently. During cippe 2017, the organizer Zhenwei Expo will partner with Xi'an Shiyou University and Shanxi Petroleum Society to hold the 2017 International Petroleum & Petrochemical Technology Conference, covering the full industry chain including offshore petroleum exploration, drilling and producing engineering, oil & gas storage and transportation, etc. Besides, cippe will launch the Middle East session by cooperating with Petroleum Association of Middle East (PAME) and Business Gateways International. LLC., (BGI) of Oman. While BGI Oman will introduce in details about its Joint Supplier Registration System (JSRS) to facilitate Chinese petroleum companies to enter Omanis market, PAME will elaborate on the opportunities, challenges and strategies in the Middle Eastern market. cippe 2017 will attract over 100 buyer and visitor delegations comprised of government institutions, industry associations and companies. Rosneft, Gazprom, Transneft, Saudi Aramco, Statoil, NIOC, INOC, Qatargas, Saudi Aramco, Emirates National Oil, Petronas, KNPC, PDVSA, EVOLEN, PAME, DNV, and other industry associations from the Netherlands, India and France.


News Article | February 20, 2017
Site: marketersmedia.com

— This report studies Liquefaction Plant in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Liquefaction Plant in these regions, from 2011 to 2021 (forecast), like Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into Type I Type II Split by application, this report focuses on consumption, market share and growth rate of Liquefaction Plant in each application, can be divided into Application 1 Application 2 Global Liquefaction Plant Market Research Report 2017 1 Liquefaction Plant Market Overview 1.1 Product Overview and Scope of Liquefaction Plant 1.2 Liquefaction Plant Segment by Type 1.2.1 Global Production Market Share of Liquefaction Plant by Type in 2015 1.2.2 Type I 1.2.3 Type II 1.3 Liquefaction Plant Segment by Application 1.3.1 Liquefaction Plant Consumption Market Share by Application in 2015 1.3.2 Application 1 1.3.3 Application 2 1.4 Liquefaction Plant Market by Region 1.4.1 North America Status and Prospect (2012-2022) 1.4.2 Europe Status and Prospect (2012-2022) 1.4.3 China Status and Prospect (2012-2022) 1.4.4 Japan Status and Prospect (2012-2022) 1.4.5 Southeast Asia Status and Prospect (2012-2022) 1.4.6 India Status and Prospect (2012-2022) 1.5 Global Market Size (Value) of Liquefaction Plant (2012-2022) 7 Global Liquefaction Plant Manufacturers Profiles/Analysis 7.1 IEA Coal Research 7.1.1 Company Basic Information, Manufacturing Base and Its Competitors 7.1.2 Liquefaction Plant Product Type, Application and Specification 7.1.2.1 Product A 7.1.2.2 Product B 7.1.3 IEA Coal Research Liquefaction Plant Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.1.4 Main Business/Business Overview 7.2 Sichuan Sentai Energy Investmen 7.2.1 Company Basic Information, Manufacturing Base and Its Competitors 7.2.2 Liquefaction Plant Product Type, Application and Specification 7.2.2.1 Product A 7.2.2.2 Product B 7.2.3 Sichuan Sentai Energy Investmen Liquefaction Plant Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.2.4 Main Business/Business Overview 7.3 Eagle LNG 7.3.1 Company Basic Information, Manufacturing Base and Its Competitors 7.3.2 Liquefaction Plant Product Type, Application and Specification 7.3.2.1 Product A 7.3.2.2 Product B 7.3.3 Eagle LNG Liquefaction Plant Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.3.4 Main Business/Business Overview 7.4 Stolt LNGaz 7.4.1 Company Basic Information, Manufacturing Base and Its Competitors 7.4.2 Liquefaction Plant Product Type, Application and Specification 7.4.2.1 Product A 7.4.2.2 Product B 7.4.3 Stolt LNGaz Liquefaction Plant Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.4.4 Main Business/Business Overview 7.5 Jereh 7.5.1 Company Basic Information, Manufacturing Base and Its Competitors 7.5.2 Liquefaction Plant Product Type, Application and Specification 7.5.2.1 Product A 7.5.2.2 Product B 7.5.3 Jereh Liquefaction Plant Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.5.4 Main Business/Business Overview 7.6 Shell US Gas & Power 7.6.1 Company Basic Information, Manufacturing Base and Its Competitors 7.6.2 Liquefaction Plant Product Type, Application and Specification 7.6.2.1 Product A 7.6.2.2 Product B 7.6.3 Shell US Gas & Power Liquefaction Plant Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.6.4 Main Business/Business Overview 7.7 Atlantic LNG 7.7.1 Company Basic Information, Manufacturing Base and Its Competitors 7.7.2 Liquefaction Plant Product Type, Application and Specification 7.7.2.1 Product A 7.7.2.2 Product B 7.7.3 Atlantic LNG Liquefaction Plant Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.7.4 Main Business/Business Overview 7.8 Rosneft and ExxonMobil 7.8.1 Company Basic Information, Manufacturing Base and Its Competitors 7.8.2 Liquefaction Plant Product Type, Application and Specification 7.8.2.1 Product A 7.8.2.2 Product B 7.8.3 Rosneft and ExxonMobil Liquefaction Plant Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.8.4 Main Business/Business Overview For more information, please visit https://www.wiseguyreports.com/sample-request/977036-global-liquefaction-plant-market-research-report-2017


President Donald Trump‘s newly sworn-in Secretary of State, recently retired ExxonMobil CEO Rex Tillerson, turned heads when he expressed support for an aggressive military stance against China’s actions in the disputed South China Sea during his Senate committee hearing and in response to questions from Democratic Party Committee members. Tillerson’s views on China and the South China Sea territory appear even more concerning against the backdrop of recently aired comments made by Trump’s increasingly powerful chief strategist, Steve Bannon, that the two nations were headed toward war in the next five to 10 years, as reported by the Independent (UK). However, what Tillerson did not reveal in his answers is that Exxon, as well as Russian state-owned companies Gazprom and Rosneft, have been angling to tap into the South China Sea’s offshore oil and gas bounty. “We’re going to have to send China a clear signal that, first, the island-building stops,” Tillerson said at his hearing, speaking of the man-made islands China’s military has created in the South China Sea and uses as a military base. “And second, your access to those islands also is not going to be allowed.” Tillerson, who came under fire during his hearing for maintaining close business ties with Russian President Vladimir Putin, was asked for further clarification on what he thinks the U.S. posture toward China should be in one of dozens of questions sent to him by Sen. Ben Cardin (D-MD). In responding, Tillerson spelled out the bellicose stance he believes the U.S. should take toward China, a country Trump has often said should be handled with a metaphorical iron fist. Sean Spicer, White House Press Secretary and Communications Director, echoed this in a recent press briefing, stating that, “The U.S. is going to make sure that we protect our interests there.” “It’s a question of if those islands are in fact in international waters and not part of China proper, then yeah, we’re going to make sure that we defend international territories from being taken over by one country,” said Spicer. While President Barack Obama and Secretary of State Hillary Clinton took a rather hawkish U.S. foreign policy stance toward China known as the Pacific “pivot,” these developments under the new administration appear to take tensions with China to a new level. The Chinese government sees the Trump White House and Tillerson’s recent statements, if carried out, as an act of “war” toward the country, which Beijing says would not be allowed to stand unchallenged. A DeSmog investigation shows that “our interests” (to quote Spicer) overlap suspiciously often with those of ExxonMobil, Gazprom, and Rosneft. Exxon’s offshore oil and gas ties in the region circle the South China Sea from Vietnam and the Philippines to Indonesia and Malaysia. Gazprom also maintains business ties with Vietnam. While most western oil majors have veered away from tapping into this oil and gas, Exxon has not shied away. “Unlike other Western oil majors, which have usually taken a wait-and-see approach when drilling in the disputed waters, ExxonMobil appeared unfazed by the political uncertainty in the region and maintained extensive business links with almost every Southeast Asian country,” wrote the South China Morning Post. A leaked 2006 U.S. State Department cable published by Wikileaks shows that “China began to warn oil majors against conducting oil exploration activities in the disputed South China Sea in 2006, the year Tillerson became ExxonMobil’s chairman and chief executive,” the Morning Post further detailed. According to U.S. Energy Information Administration (EIA) data from 2013, the South China Sea contains 11 billion barrels of oil and 190 trillion cubic feet of natural gas. As Lee Fang and I recently revealed for The Intercept, while Tillerson served as CEO of Exxon, the U.S. Department of State directly intervened on the company’s behalf to help the company win favorable financial terms to tap into that offshore oil and gas in countries which own offshore oil and gas in the South China Sea in both Vietnam and Indonesia. On January 12, the New York Times became the first news outlet to dig into Exxon’s bounty of South China Sea offshore oil and gas and how it could possibly relate to Tillerson’s hardline views on the disputed territory there. “What is also not clear is the extent to which Mr. Tillerson’s tough stance on the South China Sea springs from his extensive experience in the region during his time as chief executive of Exxon Mobil, when his company became embroiled in bitter territorial disputes over the extensive oil and gas reserves beneath the seafloor,” wrote the Times. “During his tenure, the company forged close ties to the Vietnamese government, signing an agreement in 2009 with a state-owned firm to drill for oil and gas in two areas in the South China Sea.” That agreement was completed with a “quiet signing given sensitivities with China,” according to a State Department cable published by Wikileaks. ExxonMobil Vietnam’s then-President Russ Berkoben told the State Department that “although EM is uncertain of China’s reaction, it is ready if China reacts,” according to the cable. The deal made Exxon the largest offshore acreage holder in Vietnam, with 14 million acres to explore and tap into. In 2008, the South China Morning Post reported that Exxon had “been approached by Chinese envoys and told to pull out of preliminary oil deals with Vietnam.” Vietnam stood its ground, telling China that Exxon and other companies had a right to drill in its territorial sea under its laws. Three years later in 2011, Exxon said it had “encountered hydrocarbons” in the area during its exploratory drilling in a company statement. China reacted with fury, moving its own state-owned oil platform, belonging to China National Offshore Oil Corporation (CONOC), to the same area in 2014. U.S. Secretary of State at the time John Kerry called CONOC‘s move “aggressive” and “provocative,” with the Chinese Foreign Minister Wang Yi telling Kerry to “speak and act cautiously” on the issue. On January 13, PetroVietnam and Exxon announced a $10 billion deal to build a natural gas power plant in the country, set to be sourced with the gas Exxon will tap from the South China Sea via the Ca Voi Xanh offshore field. Exxon will also ship the gas to Vietnam via one of its underwater pipelines. PetroVietnam also has a joint venture with the Russian state-owned company Gazprom; it goes by the name VietGazprom. Together, they operate five offshore blocks in the South China Sea. Gazprom began negotiations to buy a 49 percent stake in Vietnam’s sole oil refinery, the Dung Quat refinery, in April 2015 but walked away from the potential deal in January 2016. Rosneft, the Russian state-owned company which maintains close business ties with Exxon, also has skin in the game for offshore drilling in Vietnam through its subsidiary Rosneft Vietnam. The project is Rosneft’s first international offshore project. “The implementation of projects in Vietnam is one of the priority [sic] of Rosneft’s international strategy,” said Rosneft CEO Igor Sechin, a close ally of Putin, of the project in a March 2016 press release. “The development of offshore fields in one of the most dynamically growing Asia-Pacific region country is a remarkable example of high-tech cooperation with our partners … We appreciate not only the current progress of joint projects implementation in Vietnam, but also the future prospects for their development.” Rosneft and PetroVietnam signed a joint cooperation agreement in May 2016, which includes but is not limited to offshore drilling, that will further bolster the ties between Rosneft and Vietnam in the South China Sea. “The agreement provides for the expansion of cooperation between the parties in Russia, Vietnam and third countries in the area of hydrocarbon exploration and production (including offshore), processing, commerce and logistics, as well as staff training,” reads a Rosneft press release. “The parties agreed to consider potential options for joint projects and define the basic terms of cooperation as well as establish a working group for each of the areas of cooperation.” Rosneft also co-owns the underwater Nam Con Son Pipeline on a 32.7 percent basis through its subsidiary Rosneft Vietnam Pipelines, which is also owned on a 51 percent basis by PetroVietnam. Exxon is a co-owner of the production sharing agreement between Indonesian state-owned company Pertamina and Thailand state-owned company PTT Public Company Limited, the three of which produce offshore gas from the East Natuna field. In recent months, as with Vietnam, tensions have ratcheted up between Indonesia and China over the disputed territory in the South China Sea. Exxon previously had a stake in offshore wells in the Philippines in the South China Sea, which it sold in 2011 to Mitra Energy (now Jadestone Energy). Exxon decided to sell off the wells after it failed to produce commercial-scale levels of oil and gas. “ExxonMobil drilled the four wells to test a new exploration play concept,” Exxon said in a statement in 2011. “While it encountered gas in three of the four wells drilled, non-commercial quantities of gas were found and ExxonMobil will withdraw from [the project] and resign as the operator.” In 2014, Exxon expressed interest in the Philippines’ offshore reserves up for offer once again, according to an official statement made by the Philippines Department of Energy (DOE). But that bid did not go anywhere, with the DOE suspending all oil and gas exploration in the area due to the territorial dispute with China. In 1997 Exxon signed a production sharing agreement with Malaysian state-owned company PETRONAS. Six years later, the two companies began their first major drilling project in the South China Sea at the Bintang natural gas field. A decade later in March 2013, Exxon began production in Malaysia’s South China Sea-based Telok offshore gas basin, a project it co-owns on a 50-50 basis with PETRONAS. Exxon began phase two of Telok with PETRONAS in 2014, with the two projects together making up 15 percent of the country’s oil production and half its natural gas output. That same year, Exxon signed another $2.6 billion 50-50 ownership stake deal with PETRONAS for an enhanced oil recovery project in the South China Sea. “Exxon’s Malaysian subsidiary operates 34 platforms in 12 fields and has an interest in another 10 platforms in five fields in the South China Sea,” reported the Houston Chronicle, putting the enhanced oil recovery project deal into context. “Those fields supply about 20 percent of Malaysia’s crude oil output and condensate and 50 percent of Peninsular Malaysia’s natural gas needs.” Today, Tillerson has sold all of his Exxon stock, which normally would have been deferred to him over a period of time post-retirement. Sen. Ed Markey (D-MA) recently said he worries Tillerson will see the world through “oil-coated glasses,” given Exxon’s multicontinental reach to every continent on the planet besides Antarctica. But as the South China Sea shows, even if not dealing directly with oil and gas reserves, “black gold” can still loom large when considering geopolitical and foreign policy negotiations. Some believe Tillerson, from that vantage point, is a fatally flawed choice. “The proportion of Tillerson’s job that would have the appearance of conflict is just enormous,” David Arkush, managing director for Public Citizen’s climate program, recently told Bloomberg. “If someone has to recuse himself from that many matters, he has no business being in that role.”


Didier Casimiro, Vice President for Refining, Petrochemicals, Commerce and Logistics from Rosneft is confirmed to speak at ARTC, taking place at the Grand Hyatt Jakarta, Indonesia. The event is co-hosted by National Resilience Council Indonesia, Indonesia Defence University and Institute of Sciences Indonesia (LIPI). Mr. Casimiro joins a panel of experts to explore current and future investment in Indonesia's refining development masterplan. Topics to be discussed include: Other international experts will take part in the discussion including Karambir Anand, EY, Philip Graham, Citibank, Luca Tonello, Sumitomo Mitsui Banking Corporation and Brig Gen Toto Siswanto, National Resilience Council Indonesia (Dewan Ketahanan Nasional). Mr. Casimiro commented on ARTC: "Rosneft is delighted to be participating in ARTC. As a company we are currently undertaking significant developments in our network of international refineries and aim to secure our place in the Asian refining market through joint ventures such as those with Pertamina Persero PT. ARTC provides an excellent opportunity for us to develop our relationships within the Asian market." See artc.wraconferences.com for more information. WRA was founded in 1996 with the launch of Russia Refining & Petrochemicals in Vienna. We now operate in Europe, Russia and the CIS, the Middle East, and Africa with offices in London, Singapore and the UAE.


News Article | February 15, 2017
Site: www.forbes.com

As if Venezuela doesn't have enough problems, its National Assembly is now picking a fight with Russia's most powerful oil man.  Igor Sechin, known as Darth Vader in Russia, is the CEO of Rosneft and his company is now being roadblocked by legislators who question the legality of a 40% joint venture deal with a PdVSA subsidiary called Petromonagas. Sechin says the deal is legal. Venezuela, which can use all the money it can get, thinks otherwise. On Thursday, the National Assembly took up issue over the proposed sale, telling the Russian embassy on Friday that it was annulling the $500 million deal with Rosneft. Petromnagas, formerly known as Cerro Negro, is one of four strategic oil projects undertaken by Venezuela in the Orinoco heavy oil basin. It produces around 170 thousand barrels per day and 40% of that, or 60 thousand barrels, belong to Rosneft. The parliament decision was not based on the sale itself, but on how the sale was conducted, calling it a "betrayal" and unanimously approving the rejection of sale, according to Caracas daily El Universal. The Comptroller's Committee was urged to open an investigation into the authorization of the deal, as well as the responsible officials who inked the JV without the approval of the National Assembly. It is unclear what this means for Rosneft, or how much money they have put up to for the deal. In Moscow, Rosneft said in a statement that according to their legal team, the National Assembly does not have the final word on the deal, suggesting Lord Vader and his team were willing to take this to court. Rosneft also has Venezuela over a barrel because it is reportedly late on PdVSA oil shipments to Rosneft and the Russian company has lent them $5 billion. Given Venezuela's dire economic straits, that is roughly the equivalent to Venezuela's entire foreign currency reserves at the central bank. Last year at this time, Rosneft and PdVSA discussed increasing Russia's stake in the Orinoco basin from 16.7% to 40%. Russia recognizes that Venezuela is one giant distressed oil asset, and Eric Maurice Liron, a vice president for Rosneft and member of the management board, said he wanted to put more capital to work in the country this year. Venezuela can use all the money it can get, particularly its oil industry, which is the country's life blood. Fitch warned this month that a credit default was likely at PdVSA in the months ahead. That would be akin to a sovereign default, as the oil giant is essentially Venezuela's ATM machine. Sechin is no stranger to Venezuela. His company has production sharing JVs in three other field projects with PdVSA. Find me on Twitter at @BRICBreaker


A polymer material for proppant in the form of a metathesis-radically cross-linked mixture of oligocyclopentadienes and methylcarboxy norbornene esters is obtained by mixing dicyclopentadiene with methacrylic esters and polymer stabilizers, heating the mixture to a temperature of 150-220 C., holding at said temperature for 15-360 minutes, and then cooling down to 20-50 C. A radical initiator and a catalyst are added successively to the resultant mixture of oligocyclopentadienes and methylcarboxy norbornene esters. The polymer matrix is heated to a temperature of 50-340 C., is held at this temperature for 1-360 minutes and then is cooled to room temperature. A technical result achieved by implementation of the present invention is an increase in thermal strength of the proppant material, providing a compressive strength of at least 150 MPa at a temperature of not less than 100 C.


Patent
Rosneft | Date: 2014-05-13

The material for proppant and method for producing the same relate to the chemistry of high-molecular weight compounds, and more particularly, to polymer materials with high requirements for physical and mechanical properties, for instance, for the production of proppants, i.e., propping granules, used in the oil and gas production by a method of hydraulic fracturing of formation. The technical result achieved by implementation of the present invention is an increase in thermal strength of the proppant material providing for a compressive strength of at least 150 MPa at a temperature of not less than 100 C. The method consists in the following. A mixture of oligocyclopentadienes is obtained by heating dicyclopentadiene (DCPD) to a temperature of 150-220 C. and holding at this temperature for 15-360 minutes. The oligomerization of dicyclopentadiene occurs. The mixture of oligomers is cooled down to 20-50 C., and polymer stabilizers, radical initiators, methacrylates and a catalyst are sequentially added thereto. The resultant polymer matrix is heated up to a temperature of 50-340 C. and is held at this temperature for 1-360 minutes, and thereafter is cooled down to room temperature. A metathesis polymerization (MP) and radical polymerization (RP) cross-linkage of the mixture of oligocyclopentadienes with methacrylic esters occurs.


The increased thermal strength polymer proppant and method for producing the same relate to the oil and gas production technology using materials of high-molecular compounds, especially to proppants of polymer materials with high requirements for the physical and mechanical characteristics, utilized as propping granules in the oil and gas production by a method of hydraulic fracturing. The proppant is made of a metathesis-radically cross-linked mixture of oligocyclopentadienes and methylcarboxy norbornene esters. The proppant represents microspheres having a roundness and sphericity of at least 0.9 for no less than 80% by weight, whose average size being in the range 0.25-1.1 mm and a bulk density being in the range of 0.5-0.7 g/cm^(3). The technical result is an increase in thermal strength of the proppant material, providing for a compressive strength of at least 150 MPa at a temperature of not less than 100 C.


Patent
Rosneft | Date: 2014-05-13

The polymer proppant and method for producing the same relate to oil and gas production technology using materials of high-molecular weight compounds with higher requirements for physical and mechanical properties. The proppant is used as propping granules utilized in the oil and gas production by a method of hydraulic fracturing of formation. The technical result achieved by implementation of the present invention is an increase in thermal strength of the proppant whose material provides a compressive strength of at least 150 MPa at a temperature of not less than 100 C. The polymer proppant represents microspheres of metathesis-radically cross-linked mixture of oligocyclopentadienes.


News Article | February 24, 2017
Site: www.ogj.com

Rosneft reported a decline net income in 2016 to 181 billion rubles compared with 355 billion rubles in 2015. Fourth-quarter net income of 52 billion rubles, however, doubled third-quarter net income of 26 billion.

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