Insights

Saudi Aramco chases natural gas onshore and offshore Saudi Arabia consumes 3 million barrels per day of crude oil for domestic consumption that could be substituted by natural gas. In the same time, Saudi Arabia holds 282.6 trillion scf of natural gas.reserves, ranking in the fourth position in the world.  When Saudi Aramco decided to […]

Energize – Harmonize – Realize The national oil company PetroChina Company Limited (PetroChina) was established on November 1995, by the Chinese Government from the major restructuring of the oil and gas sector in China and of its national company at that time, China National Petroleum Corporation (CNPC). In this operation the Chinese Government keeps holding 100% […]

CNPC to connect Halfaya field to Al-Fao export terminal The joint venture between the national oil companies China National Petroleum Corporation (CNPC), also called PetroChina, together with its partners China National Offshore Oil Corporation (CNOOC) and the local Missan Oil Company (MOC) are preparing the call for tender of the export pipeline to connect the […]

Canacol, ExxonMobil, Nexen, Shell lead exploration The national oil company Ecopetrol invites international oil companies such as Canacol, ExxonMobil, Nexen, Shell for partnership to explore and develop shale gas in Colombia. Ecopetrol is owned at 88.5% by the Colombian Government while the remaining shares are floated at the Bogota and New York stocks exchanges. After Mexico […]

The leading Russian Petroleum Company The actual OJSC Rosneft Oil Company (Rosneft) was established in 1993 in Moscow, Russia, as a wholly state owned company under the name of Rosneftegas based on the transfer of assets from the OJSC Rosneft Oil Company (Rosneft). Then in 1995, Rosneftegas was transformed into open joint stock company (OJSC) […]

PDVSA and Russians to pump $25 billion in Orinoco In September 2012, the national oil company Petroleos De Venezuela SA (PDVSA) and a Russian National Petroleum Consortium LLP (NPC) made of Gazprom, Rosneft, Lukoil, TNK-BP and Surgutneftegas, inaugurated PetroMiranda first oil in the Venezuela Orinoco. PetroMiranda is a joint venture created between PDVSA and Russian […]

Apache to tie-in Julimar in Chevron Wheatstone LNG 1 In 2007, Apache Corporation (Apache) and Kuwait Foreign Petroleum Exploration Co. (KUFPEC) discovered the Julimar and Brunello natural gas fields in the Carnarvon basin offshore Western Australia. Attached to the WA-356-P block, the Julimar and Brunello are estimated to contain 2.1 trillion cubic feet (tcf) of […]

To be both a competent explorer and acquirer Investors established Apache Corporation (Apache) in 1954 with only $250,000 capital to become an international oil and gas company listed in NYSE (APA) Today, Apache has taken the world market leadership of the independent oil and gas companies.exploration and production companiese In line with its corporate statement […]

Genesis to provide support and detailed design China National Offshore Oil Corporation Deepwater Development Limited, a subsidiary of China National Offshore Oil Corporation (CNOOC), selected the consortium made of Technip from France, and the local China Offshore Oil Engineering Corporation Ltd (COOEC) for the engineering, procurement, installation, and construction (EPIC) services contract for the Panyu offshore field development. The […]

IFP Energies Nouvelles sees CAPEX to grow by 13% Based in Paris, France, the Institut Français du Pétrole et de Energies Nouvelles (IFP Energies Nouvelles) published on October 8th its last survey about the capital expenditure in the exploration and production and in refining. Published every year this survey gives an overview of the main […]