One day – One Project
KOC to invest $7 billion in Lower Fars heavy crude oil The national upstream Kuwait Oil Company (KOC) is considering to move into the engineering, procurement and construction (EPC)stage for the Lower Fars phase-1 project since WorleyParsons completed the front end engineering and design (FEED) work in 2012. This phase-1 is part of the Lower Fars heavy […]
Sonatrach to increase CAPEX by 50% in 2013 In November 2012, Sonatrach, the Algeria national oil company announced to increase its capital expenditure from the actual $10 billion in 2012 to $15 billion in 2013. This first step is part of the new program of oil and gas projects in which Sonatrach is planning to invest […]
Rosneft to lead pilot project in Bazhenov formation In line with the strategic cooperation agreement signed in August 2011, Rosneft and ExxonMobil signed a Pilot Development Agreement to explore and produce tight oil from the Bazhenov and Achimov formation in the Western Siberia. According to the terms of the Pilot Development Agreement, Rosneft and ExxonMobil will create […]
OGS and Samsung won Lavaca Bay LNG project FEED Excelerate Energy LP (Excelerate) is planning to convert its Lavaca Bay liquefied natural gas (LNG) terminal into export LNG facility. Located at Lavaca Bay on the Texas Gulf Coast, the Excelerate export LNG project should be the first one in USA to be designed with a floating LNG […]
Hoegh-KBR to submit competitive pre-FEED to PTTEP The Norwegian Hoegh LNG and the Houston-based KBR are completing a pre-front end engineering and design (pre-FEED) work for the Cash-Maple FLNG project to developed by the Thailand national oil company PTTEP. The Cash-Maple FLNG project is related to the exclusive license owned by PTTEP on the offshore blocks AC/RL7, AC/P54 […]
Noble to install first Floating LNG in Mediterranean Sea Noble Energy (Noble) and its partners, awarded the front end engineering and design (FEED) contract to Pangea LNG B.V. for a floating production unit of liquefied natural gas (LNG) to be installed on the Tamar gas field, 90 kilometers offshore Israel. Operated by Noble, the Tamar […]
Abu Dhabi to decide now in order to meet OPEC quotas Abu Dhabi National Oil Company (ADNOC) and its partners, ExxonMobil and Japan Oil Development Company Ltd. (Jodco), are on the point to award the second engineering, procurement and construction contract (EPC-2) for ZADCO Upper Zakum 750 project. ZADCO stands as the Zakum Development Company (ZADCO), a joint […]
Vietnam Oil & Gas Group completed preparation work PetroVietnam‘s Chairman , Mr Phung Dinh Thuc confirmed during a visit on the site of the Nghi Son refinery project that the preparation work was completed in October 2012 so that the construction could start in 2013. The Nghi Son Refinery and Petrochemical LLC (NSRP) is a […]
