INPEX has established a joint venture with Total, a France-based firm, with the parties holding 76% and 24% shares, respectively. They announced on January 13th 2012 that they have taken the final investment decision for the Ichthys liquefied natural gas (LNG) project in Australia. The project budget jumped by 70%, from US$20 billion dollars to […]
Through the Lagosta III well, located in the gas field Rovuma Basin Area 1, Mozambique, Cove Energy along with Anadarko Petroleum has discovered unexpected quantities of gas. The high quality of this gas and its geographical position fit perfectly with the demand in Asia where gas prices are attractive and sustainable. Since then, Shell and
Shell and PTTEP in competition to bid on Cove Energy Read More »
Definition: The “Feasibility study” is the first stage of a project during which the End User generally supported by an engineering company will investigate the most convenient technologies or processes to be used. This “Feasibility study” will also integrate all the corresponding costs aspects. The conclusions of the “Feasibility study” are barely a straight forward
Saudi Aramco Asia Company Limited (SAAC), a subsidiary of Saudi Aramco, and PT Pertamina (Persero) signed a Memorandum of Understanding to jointly evaluate the economic feasibility to build an integrated refining and petrochemical project in Tuban in East Java, in the Republic of Indonesia. The proposed refinery and petrochemicals project will be designed to process
Tuban Refinery and Petrochemical Complex in Indonesia Read More »
Last week the North Sea crude quoted in euro exceeded with 93.63 euro a barrel the previous peak of July 2008 at 93.5 euro. We were used to see the barrel price in US dollars on high levels, especially since 2008 with the famous 147 US dollar historical record. But at that time, the economy
Definition: An Oil & Gas and Petrochemical Project refers to an investment planned in the future by an End User or an operator. By definition the word “Project” shall be used until this investment turns into a formal order for execution when the “Project” becomes therefore a “Contract”. Comment: Compared with other businesses, the border line
Chevron is already the first oil producer in Kazakhstan with interest in the two largest local oil fields, Tengiz and Karachaganak. With the Future Growth Project, Chevron and its affiliate, TengizChevrOil (TCO) intend to expand the Tengiz field in Kazakhstan from 250 000 b/d to 300 000 b/d. At this early stage, the total cost is estimated
The most advanced solutions to make the Oil & Gas and Petrochemical market easy to win Introduction The Oil & Gas and Petrochemical market is huge, more than $500 billion capital expenditures (CAPEX) per year. In this context, 2B1st Consulting is mobilizing experts from the Oil & Gas and Petrochemical industry together with communication specialists to provide a comprehensive view of this market and make it easy
Winning business in the Oil & Gas and Petrochemical sector is all about communication. As a prerequisite, that requests talented and well trained people, but more importantly it requires a Team with the capability to catch up the global process of decision and then to anticipate on the next steps. Regardless of the competence of
More than $500 billion investment drives the Oil & Gas and Petrochemical market in more than 2000 projects all over the World. Each one of these projects may take years to launch execution and involve multiple key players, among the End Users, the Engineering companies, the Manufacturers, the Distributors and Services providers. To help these actors to
