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Canacol, ExxonMobil, Nexen, Shell lead exploration The national oil company Ecopetrol invites international oil companies such as Canacol, ExxonMobil, Nexen, Shell for partnership to explore and develop shale gas in Colombia. Ecopetrol is owned at 88.5% by the Colombian Government while the remaining shares are floated at the Bogota and New York stocks exchanges. After Mexico […]

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Apache to tie-in Julimar in Chevron Wheatstone LNG 1 In 2007, Apache Corporation (Apache) and Kuwait Foreign Petroleum Exploration Co. (KUFPEC) discovered the Julimar and Brunello natural gas fields in the Carnarvon basin offshore Western Australia. Attached to the WA-356-P block, the Julimar and Brunello are estimated to contain 2.1 trillion cubic feet (tcf) of […]

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IFP Energies Nouvelles sees CAPEX to grow by 13% Based in Paris, France, the Institut Français du Pétrole et de Energies Nouvelles (IFP Energies Nouvelles) published on October 8th its last survey about the capital expenditure in the exploration and production and in refining. Published every year this survey gives an overview of the main […]

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Abu Dhabi converts Fujairah into oil and gas hub The Abu Dhabi investment funds International Petroleum Investment Company (IPIC) and Mubadala Development Company (Mubadala) are leading more than $10 billion capital expenditure into midstream and downstream projects in Fujairah. With direct access to the Gulf of Oman, Fujairah occupies a strategic position for Abu Dhabi […]

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After Occidental, Mexichem signed with Pemex In August 2012, Mexichem SAB (Mexichem) signed a Memorandum of Understanding (MOU) with Occidental Petroleum Corp. (Oxy) through its chemical branch Oxychem to build a new ethylene cracker for the supply of vinyl chloride monomer (VCM). Vinyl Chloride Monomer is the primary feedstock for the production of the numerous […]

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Jiutai selects KBR for Ordos MTO recovery project Jiutai Energy Group (Jiutai) selected KBR‘s technology for a methanol-to-olefins (MTO) recovery project in Ordos, in Inner Mongolia Province, China. State owned company based in Luozhuang Industry Park of Linyi High-Tech Industry Development Zone in southern Shandong Province, eastern China, Jiutai was established in 2002 to lead […]

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YPF and Chevron signed MOU in unconventionals YPF SA (YPF) the Argentina’s national oil company and the international oil company Chevron Corporation (Chevron) signed a memorandum of understanding to explore and develop the local unconventional resources in oil and gas. According to the US Energy Information Administration (EIA) Argentina is the largest producer of natural gas […]

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