One day – One News
Laverda to contain 100 million barrels deep offshore WA Woodside Petroleum (Woodside) from Australia and Mitsui Oil Exploration Co, Ltd (Mitsui) have decided to move ahead in the development of the Laverda oil field in respect with the promising conclusions of the last appraisal drilling operations. In Laverda the both partners share working interests so […]
$600 million for new Bapetco exploration campaign Badr Petroleum Company (Bapetco) is a joint venture established in Egypt between Shell and the national oil company (NOC) Egypt General Petroleum Company (EGPC). Bapetco’s main activity is to explore and develop oil and gas fields. Through its upstream activities, Bapetco is involved in the Badr el Din, North […]
Chevron to acquire Rovi and Sarta in Iraqi Kurdistan Following ExxonMobil to move first in Kurdistan in signing six oil field development licenses in November 2011, Chevron is also entering Kurdistan, in the northeastern Iraq, in dealing with Reliance Industries Limited (Reliance) from India. According to the contract signed between parties, Chevron will acquire the […]
Statoil’s withdrawal opens door to Gazprom for new partnership with other Majors Since Gazprom, Total and Statoil could not make the final investment decision (FID) in June 30th on Shtokman despite $1.5 billion capital expenditure already spent in the project, some major changes were expected in the project. Statoil‘s decision to withdraw from the project, […]
Rosneft and Exxon mobilize $3.2 billion as first step On April 2012, Rosneft and ExxonMobil signed a Strategic Cooperation Agreement to jointly explore and develop oil and gas fields in the Russian Black Sea and Kara Sea. This Strategic Agreement is supported by the: – Opportunity given to Rosneft to take stakes in ExxonMobil oil […]
Acquired blocks from BP offshore Vietnam smile to ExxonMobil ExxonMobil acquired the blocks 117,118 and 119 offshore Da Nang on central Vietnam coast in the Phu Khanh Basin from BP in 2009. At that time BP managed to extract gas from these fields but with high content of hydrogen sulfide and carbon dioxide. Today ExxonMobil […]
Total to join other Majors ExxonMobil and Chevron in the northeast Iraqi province The French major Total and US Marathon Oil Company (Marathon) signed a Farm-in Agreement to develop two blocks in the Kurdistan region, northeast Iraq, see map below (Source: Dr. M. Izady at The Gulf/2000 Project – SIPA – COLUMBIA UNIVERSITY) Kurdistan is one […]
Takreer awarded $2.47 billion on first half 2012 With the Ruwais Carbon black and delayed coker (CBDC) facilities, Abu Dhabi Refining Company (Takreer) awarded the only giant project in the UAE during the first half 2012. This downstream project came after a long period without major capital expenditure in the UAE since the Borealis and […]
