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Woodside to become LNG operator in Leviathan  December 3rd, 2012, the Australian company Woodside closed a deal with Noble Energy (Noble) representing the Leviathan joint venture to take 30% stake in the giant Leviathan natural gas field. Lying by 1,700 meters deepwater depth at 135 kilometers west from Israel coast, the Leviathan field may contain up to […]

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Sabic to expand petrochemical capacities in USA The Ryadh-based Saudi Basic Industries Corporation (Sabic), may join BASF, ChevronPhillips, Dow Chemical (Dow), Enterprise Products Partners (Enterprise), ExxonMobil, Evonik, Occidental Petroleum, Sasol, Shell, to increase its petrochemical foot print in USA to benefit from the low costs feedstock provided by the shale gas. Speaking at the Gulf […]

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Gazprom and Itochu completed feasibility study November 26th, 2012, Alexey Miller, Chairman of Gazprom hosted a meeting in Moscow with a Japanese delegation led by Japan Ambassador Chikahito Harada about the joint project of liquefied natural gas (LNG) plant in Vladivostok in the outmost Far East of the Russian Federation. In January 2011, Gazprom and Japan Far […]

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Schlumberger and Baker Hugues to lead exploration When Repsol-YPF discovered in 2011 the potential reserves of the Vaca Muerta in tight oil and Los Toldos and Totoral permits, it sent the signal to all the 50 companies having licenses in Argentina to drill more and to take their chance at the benefits of Schlumberger and Baker […]

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SABIC and Shell to invest in and beyond Saudi Arabia In November 2012, Saudi Basic Industries Corporation (SABIC) and Shell have decided to work on expansion opportunities of their joint venture Saudi Petrochemical Company (Sadaf). These expansion ambitions are not limited to the sole Saudi Arabia but should also aim at increasing positions in overseas markets. […]

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Cameron and Schlumberger go for integrated solutions Cameron and the leading oilfields services company Schlumberger have decided to create OneSubsea as a joint venture to merge their subsea activities in the oil and gas sector. Through OneSubsea, Cameron and Schlumberger intend to develop and manufacture new dedicated products, systems and services for the subsea applications. Headquartered […]

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ONGC and ConocoPhillips closed deal on $5 billion November 26th, 2012, ConocoPhillips and the Indian national OIL and Natural Gas Corporation Videsh Ltd (ONGC) have agreed on a transfer of interests in the North Caspian Production Sharing Agreement (NCPSA). Signed on the base of $5 billion in cash, the deal opens ONGC the access to […]

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