Insights

Saudi Aramco to develop tight gas northwest fields The national oil company (NOC) Saudi Aramco is on the verge to develop the tight gas fields identified in the northwest of the Kingdom to supply the gas-fired power plant required for the giant Maaden Phosphate City project currently under construction. Since the USA revolutionized the gas […]

Rosneft invests $14.9 billion in Far East FEPCO project The Russian giant Rosneft, 69.50% owned by the State and 19.75% by the UK major BP, has confirmed to move forward on the Nakhodka integrated refinery and petrochemical complex close to Vladivostok in the south end of Russia Far East. Since 2010, Rosneft is working on developing […]

ONGC to add platforms offshore Daman in Arabian Sea The Indian national oil company (NOC) Oil and Natural Gas Corporation (ONGC) is planning to add platforms on its Tapsi Daman Block to boost the gas and condensate production from the Arabia Sea on the West coast of India. India is the fourth largest energy consumer […]

Saudi Aramco to double Fadhili budget after FEED work The national oil company (NOC) Saudi Aramco is about doubling the budget allocated to its strategic gas central processing facility (CPF) project to be build on the Fadhili oil field in the Eastern Province of the Kingdom. In order to support its economical development Saudi Arabia […]

Quantum selected Ibeno for world-scale methanol plant The Nigerian Quantum Petrochemical Company Limited (Quantum) has decided to invest $1.5 billion capital expenditure in a world-scale petrochemical and methanol complex at Ibeno in the Akwa Ibom State of the southern Nigeria on the Gulf of Guinea. Quantum was recently founded by the Nigeria banker Jim Ovia, ranked […]

Statoil and Lundin aligned on Johan Sverdrup concept The Norwegian national oil company (NOC) Statoil and its partners, Lundin from Sweden, Maersk Oil (Maersk) from Denmark, Petoro and Det Norske Oljeselskap (DNO) from Norway, aligned on the concept to develop the first phase of the giant Johan Sverdrup oil and gas field in the Norwegian […]

GALSI at final decision on new Algeria – Italy Pipeline As a result of the lasting Ukraine crisis, Edison from Italy and Sonatrach from Algeria resumed talks about increasing natural gas import from Algeria to Italy through the Algeria Sardinia Italy Gas (GALSI) pipeline project to be revived for the circumstances. In respect with the […]

OCI Beaumont received permit for Nederland expansion Orascom Construction Industries Beaumont LLC (OCI Beaumont) received the final green house gas Prevention of Significant Deterioration construction permit from the US environmental Protection Agency (EPA) for the expansion of its methanol and ammonia plants located in Nederland, Texas, USA. Formally known as Pandora Methanol LLC, OCI Beaumont took […]

Husky to qualify Madura MDA-MBH FPU bidders  Calgary-based Husky Energy (Husky) and its partners, the state-owned China National Offshore Oil Corporation (CNOOC) and the independent Singapore-registered Samudra Energy (Samudra) are proceeding to the qualification of the engineering companies and shipyard to be invited to bid (ITB) for the construction of the floating production unit (FPU) […]

Oman Key project and Business Highlights 2014 Although the Sultanate of Oman points only on the seventh position by crude oil proven reserves amongst the Middle-East country it attracts more and more international companies such as BP, PTTEP, Shell or Total to support the national companies Petroleum Development of Oman (PDO), Oman Oil Company (OOC) […]