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OMV and Wintershall to appraise Shuwaihat sour gas and condensate field The Abu Dhabi National Oil Company (ADNOC), signed a Technical Evaluation Agreement (TEA) with OMV Abu Dhabi E&P GmbH (OMV) and Wintershall Middle East GmbH – Abu Dhabi (Wintershall) to appraise the sulfur rich sour gas (H2S and CO2) and condensate field in Shuwaihat. This Agreement is […]
Shell do not revise its offer on Cove Energy against PTT Last February, Shell Exploration and Production B.V.(Shell) had made an offer on to take over Cove Energy (Cove), then the Thai National Oil Company (NOC), PTTEP came into the game with the counter offer. After different bids, both companies maintained their conditions, Shell at $0.220 per share and PTTEP at $0.240 while Coves‘ […]
Gazprom and Novatek to boost Yamal giant fields development The Yamal Peninsula and the near by Gydan Peninsula concentrate among the biggest reserves of natural gas and condensate in the world. The exploration of the Yamal Peninsula and offshore area around has disclosed 11 natural gas and 15 oil, natural gas and condensate fields with approximately: – 16 trillion cubic […]
Daelim signed MOU for Petrolimex $4.8 billion refinery Actually Vietnam has just one major refinery, the $2.2 billion Dung Quat complex with a capacity of 130,500 b/d and is working on the $7.5 billion Nghi Son refinery. In order to meet its domestic demand by 2020, Vietnam would need 600,000 b/d capacity in respect with the […]
Shell to become the biggest investor in Qatar Through giant projects like Qatargas LNG 4 and Pearl GTL, Shell has become a key player in Qatar. These projects requested more than $ 26 billion capital expenditure on the top of which Shell is planning additional $ 6 billion for a greenfield Ras Laffan olefin complex in joint […]
QP and Shell completed feasibility study on $6 billion Ras Laffan petrochemical complex Qatar Petroleum (QP) and Shell have completed the feasibility study of the World-scale petrochemicals Complex in in Ras Laffan Industrial City, Qatar Estimated to cost $6 billion capital expenditure this petrochemical complex will be designed around a world-scale steam mixed cracker (ethane or methane) Shell and QP are targeting to benefit from […]
Philadelphia Refinery to rely on Marcellus shale gas Last year Sunoco Inc (Sunoco) had announced to close the Philadelphia refinery in Pennsylvania, USA, on summer 2012 if no buyer could be found in the meantime. But the development of the shale gas in USA much faster than expected and in very competitive conditions offers a […]
Air Products to purchase 67% of Indura for $884 million Headquartered in Santiago, Chile, Indura S.A. is the largest independent industrial gas company in South America. In buying 67% majority stake in Indura, Air Products gets access to twelve countries within the second most dynamic region in term of GDP, just after the leading Asia. […]
