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Eni discoveries trigger debate on upstream localization In September 2012, the Italian national oil company Eni and its partners, Vitol from The Netherlands and the Ghana National Petroleum Company (GNPC), made the first oil discovery in the Offshore Cape Three Point (OCPT) block in the Tano Basin about 50 kilometers offshore Ghana. The exploration and […]

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Supremus-1 and Trion-1 open Pemex new horizon The Mexican national oil company, Petroleos Mexicanos (Pemex) made two major discoveries in a month in the Perdido Fold Belt deepwater of the Gulf of Mexico. In August 2012, Trion-1, first Pemex’s successful well was drilled only 39 kilometers from the US territorial waters by 2,540 meters deepwater […]

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BASF to take parts of Poland Ciech’s TDI business On October 2012, the Ludwigshafen, Germany-based, BASF, acquired parts of Ciech Chemical Group’s (Ciech) Toluene Diisocyanate (TDI) business. This announcement comes in the same time as BASF is currently building the world largest single train TDI plant in Europe. BASF is a global leader in the […]

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Saudi Aramco revises plans to explore shale gas Since Saudi Arabia is struggling to increase its natural gas production to meet its fast growing demand, the national oil company Saudi Aramco investigate all potential sources of supply, onshore and offshore, conventional and unconventional. The consumption of natural gas in Saudi Arabia is increasing very fast because […]

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Mitsui, Toyo and Unico study $2 billion fertilizer project A Japanese consortium made of Mitsui, Toyo Engineering Corporation (Toyo) and the consulting company Unico International Corporation (Unico) is working on a greenfield $2 billion fertilizer plant in the South of Iraq. This project comes while the:  – Houston-based engineering company KBR is revamping and expanding […]

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GE to power pre-salt semisubmersible drilling vessels The Brazilian national oil company Petroleo Brasileiro SA (Petrobras), Sete Brazil Participaçoes SA (Sete) and its contractor Keppel Fels do Brazil SA (Keppel) have selected GE’s Power Conversion electrical solutions to power and propel the first series of six semisubmersible drilling rigs. Petrobras is the operator imposing the key requirements […]

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