Insights

UK to lead shale gas exploration in Europe On December 13th, 2012, the UK Government lifted the ban on exploration and production of shale gas with the expectation to develop a dedicated industry upstream and downstream that could create 42,000 permanent jobs. This ban had been decided in 2011 after small earthquakes had been recognized […]

Energizing Chemistry Lanxess AG (Lanxess) is a young company founded in 2005 with 150 years of history in the chemical industry as the result of Bayer strategic spin off of plastics and synthetic rubber assets. Still home-based with Bayer in Leverkusen, Germany, will relocate headquarters next door in Cologne,  in 2013. Lanxess is covering 31 […]

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 […]

KOC to give priority to onshore exploration During  Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Kuwait Oil Company (KOC) announced to have received  mandate from Kuwait Petroleum Company (KPC) to increase crude oil production from actual 3 million b/d to 4 million b/d by 2030. Considering the age and the level of maturity of the actual fields in […]

Energizing the World, Bettering People’s Lives. Established in 1932 to explore the Gulf of Mexico, Noble Energy Inc. (Noble) has remained over 80 years an independent oil company bases in Houston, Texas. Focusing on the upstream side of the business, Noble operates onshore and offshore in short selection of oil and gas fields:  – DJ basin of […]

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 […]

SABIC to ally with two engineering services companies Saudi Arabia Basic Industries Company (SABIC) is moving toward alliance with a short selection of two companies to provide engineering services in similar way to Saudi Aramco General Engineering Services plus (GES+) pre-qualification program. SABIC is preparing a call for tender for engineering services and project management consultancy […]

Zakum Development Company The Zakum Development Company (ZADCO) was established in the Abu Dhabi Emirate, as part of the United Arab Emirates (UAE), in November 1977 to develop and operate the Upper Zakum (UZ) field. At that time ZADCO was a joint venture between:  – Abu Dhabi National Oil Company (ADNOC) 88%  – Japan Oil Development […]

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 […]

EIA to adopt North Sea Brent crude oil as benchmark US Government energy agency, the Energy Information Administration (EIA) published in its annual energy out look its decision to replace the historical West Texas Intermediate (WTI) crude oil traded on New York Mercantile Exchange by the European Brent listed on the Inter Continental Exchange (ICE). […]