One day – One News
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. […]
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 […]
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 […]
Shell to invest $20 billion in LNG and GTL for 2012 – 15 During Investors day in London, the major Royal Dutch Shell plc ( Shell) presented last week, its vision on the gas future global market and its strategy to sustain a profitable growth and market leadership in this sector. Compared with the other major […]
Jordan retains world fourth largest oil shale reserves If Jordan falls short of conventional oil and gas resources to sustain its economical development, it appears to hold the world fourth largest oil shale reserves after USA, China and Russia. According to actual estimations, Jordan reserves of unconventional oil in the shale deposits could reach up […]
BP and CNPC ramped up oil production 10% per year In June 2009, the international oil company BP and the China National Petroleum Company (CNPC or PetroChina) were awarded the technical services contract (TSC) for the giant Rumaila oil field in the south of Iraq, closed to the Kuwait border. BP discovered the Rumaila oil field […]
BASF runs into upstream while Gazprom goes west On November 12th, 2012, the German chemical company BASF and the Russian Gazprom signed a binding basic agreement to swap assets estimated of the same value. The assets selected to support the swap reflect the strategy of both companies: – BASF to increase its position in the oil […]
$50 billion of business opportunities in 250 projects On November 19th 2012, the Project Smart Explorer data base reports $50 billion of business opportunities within the 250 active projects in pursuit in the oil and gas and petrochemical industry. These business opportunities are related for: – $18 billion to Electrical products and systems (Switchgears, transformers, motors and generators, cables, lighting, power systems, etc…) – […]
