Saudi Aramco to send Power Plants Call for Tenders Saudi Aramco is planning to build three Independent Power Projects (IPPs) to build three greenfield gas-fired power plants in the Eastern Province of Saudi Arabia. These power plants should be installed in Abqaiq, Hawiyah and Ras Tanura with a total: – Electrical capacity of 770MW/h – […]
Saudi Aramco pre-qualified bidders on Abqaiq-Hawiyah-Ras Tanura IPPs Read More »
Devon and Sumitomo to develop Permian Basin tight oil Devon Energy Corporation (Devon) and Sumitomo Corporation (Sumitomo) entered an Agreement to jointly develop the Cline Shale and the Midland-Wolfcamp tight oil fields within the Permian Basin. The Cline Shale and the Midland-Wolfcamp tight oil fields are part of Devon‘s operations in USA where Devon has still a vast inventory of undrilled
$1.4 billion Devon-Sumitomo joint venture in shale oil Read More »
Definition Tight oil refers to the light crude oil trapped in shale, limestone and sandstone formations characterized by very low porosity and permeability. Tight oil is normally a light crude oil found in the sedimentary formations that may also be called light tight oil (LTO) or tight shale oil or even shale oil. Comments But
$1.6 billion to build Taizhou Refinery and Aromatics China National Offshore Oil Corporation (CNOOC), China’s third National Oil Company (NOC), has decided to build a new integrated refinery and petrochemical complex in Taizhou, Jiangsu province, in east China. The new refinery would process heavy crude oil pumped from China’s Bohai Bay, off north China, the
CNOOC decides Taizhou Integrated Petrochemical Complex Read More »
Shell, CNOOC and CNPC sign China and Gabon deals July 2012, Shell, China National Offshore Oil Corp (CNOOC) and China National Petroleum Corp (PetroChina or CNPC) announced to have signed several contracts for oil and gas production sharing and co-operation in China and in Gabon. In these agreements: – Shell and CNOOC signed two offshore oil and gas Production Sharing Contracts (PSCs) in China.
Shell, CNOOC and CNPC to share production and technology Read More »
Definition PSC is the acronym of Production Sharing Contract. PSA may also be used to refer to Production Sharing Agreement Comments PSC is an agreement between the parties to a well and a host country regarding the percentage of oil and gas production each party will receive after the participating parties have recovered a specified amount
Chevron to boost Bangladesh gas and NGL production Chevron Corporation (Chevron) is one of the largest foreign investors in Bangladesh, providing employment and supplying nearly 50% of the country’s natural gas consumption. Chevron produces natural gas from the Bibiyana, Jalalabad and Moulavi Bazar fields where Chevron Bangladesh holds a 98% working interests. Since 2001, Chevron operates the
Chevron to invest $500 million in Bibiyana gas expansion Read More »
$50 billion estimated to develop giant Mamba gas field In October 2011, the Italian National oil Company ENI announced a first giant discovery with the successful well appraisal in Namba South 1 within ENI’s concession Area 4, offshore Mozambique in the Rovuma Basin. The Manba South 1 field is located in 1,585 meters depth, 40
Rovuma Basin promissing to ENI with Mozambique Mamba discoveries Read More »
Definition LPG is the acronym of Liquefied Petroleum Gases. LPG are the light hydrocarbons fraction of the paraffin series, derived from refinery processes, crude oil stabilisation plants and natural gas processing plants comprising propane, butane and butylenes or a combination of them. LPG may be also called liquefied refinery gases. LPG have no natural odor Comments As light
Tempa Rossa to lead oil and gas developments in Italy Total and Shell have made the final investment decision (FID) on the Tempa Rossa oil and gas field development project. Discovered in 1989, Tempa Rossa is located in the southern Apennines, at an altitude of 1,000 meters, on the unitized Gorgoglione concession, in the Basilicate region,
Total and Shell make $1.9 billion FID on Tempa Rossa Read More »
