Integrated Oil & Gas
Total SA:Says start up of lubricants oil blending plant in Singapore.Says With an annual production capacity of 310,000 metric tons, this new major hub will boost Total's lubricant supply in the Asia-Pacific region.
NK Lukoil OAO:LUKOIL and a consortium headed by Hyundai Engineering (South Korea) signed a contract for procurement and construction of the Kandym Gas Processing Plant in Uzbekistan.The facility will have an annual capacity of 8.1 billion cubic meters of gas and will process sour natural gas from the Kandym group of fields located in the Bukhara Region of Uzbekistan to produce treated natural gas and stable gas condensate, as well as solid and granulated sulfur.Hyundai Engineering will prepare the project feasibility study and detailed design.LUKOIL has been implementing the Kandym project in partnership with the National Holding Company Uzbekneftegaz since 2004 as part of the Kandym-Khauzak-Shady-Kungrad PSA.The Kandym group consists of 6 gas condensate fields – Kandym, Kuvachi-Alat, Akkum, Parsankul, Khoji and West Khoji.
Gazprom OAO:Plans to supply the first gas via a new route to Turkey in Dec. 2016, Chief Executive Alexei Miller said in a statement on Jan. 27-Reuters.Gazprom said last year it would build a new pipeline to Turkey with a capacity of 63 billion cubic metres (bcm) a year to bypass Ukraine.On Jan. 27, Alexei Miller said the new pipeline would consist of four lines of 15.75 bcm each, with the first one to supply Turkey only.Turkey is already receiving Russian gas via existing routes, importing 27.4 bcm last year.Alexei Miller added Russia and Turkey would sign an agreement on building the pipeline in the second quarter of 2015.Gazprom has still to reveal the estimated cost of the project.
Gazprom OAO:Decides to build a liquefied natural gas (LNG) plant on the Baltic Sea near the port of Ust-Luga.The plant will have an annual capacity of 10 million tonnes, with possibility of extension to up to 15 million tonnes.
NK Lukoil OAO:Lukoil has registered the firm LLC Lukoil-Nizhnevolzhskneft Kalmykia to implement investment projects in Kalmykia, the internal Russian republic's natural resources and environment minister, Nikolai Ochirov told Interfax-Interfax.He said the company was registered for tax purposes on Oct. 28.Lukoil-Nizhnevolzhskneft Kalmykia will organize transportation of oil and gas from North Caspian fields.Lukoil is investing more than 11.1 billion Russian roubles in Kalmykia under this project, and more than 40 billion rubles together with the exploration work.