agreement
E.ON to acquire stake in GDF-Suez Austen (ex Jacqui) On May 30th 2013, the German-based E.ON signed an agreement with the French GDF-Suez to take 25% stake in the Austen discovery in the Central UK North Sea. Until then, GDF-Suez was the solely owner of the working interests in Austen. After the transaction, GDF-Suez will hold 75% […]
Woodside and Shell closed deal on FLNG technology On April 30th 2012, Woodside Petroleum (Woodside) and Shell, its partner in the Browse project of liquefied natural gas (LNG), signed an agreement on the technology for the floating LNG (FLNG) vessels that might be used to develop Browse. In addition to Woodside and Shell, the Browse project involves […]
Shell to compare FPSO with tie-back on Gumusut The Netherlands-based major company Shell is investigating through its joint venture Brunei Shell Petroleum (BSP) the optimized solution to develop the Geronggong oil field offshore the Sultanate of Brunei Darussalam (Brunei). Located 100 kilometers offshore Brunei by a water depth of 1,000 meters, the Geronggong oil field […]
RiCoal selected Rostov for its Petrochemical complex The Russian joint venture RiCoal Chemical Coal Plant (RiCoal) is planning to build a world-scale Coal-to-Olefin and petrochemical complex in Rostov-on-Don in the south of Russia. Estimated to require $2.5 billion capital expenditure, RiCoal selected Rostov-on-Don location because of available coal and natural gas available in the region and […]
Gazprom and Itochu completed feasibility study November 26th, 2012, Alexey Miller, Chairman of Gazprom hosted a meeting in Moscow with a Japanese delegation led by Japan Ambassador Chikahito Harada about the joint project of liquefied natural gas (LNG) plant in Vladivostok in the outmost Far East of the Russian Federation. In January 2011, Gazprom and Japan Far […]
BASF runs into upstream while Gazprom goes west On November 12th, 2012, the German chemical company BASF and the Russian Gazprom signed a binding basic agreement to swap assets estimated of the same value. The assets selected to support the swap reflect the strategy of both companies: – BASF to increase its position in the oil […]
Shah Deniz consortium decided to commence Front End Engineering and Design (FEED) Shah Deniz Stage 2, or Full Field Development (FFD), is a giant project that will bring gas from Azerbaijan to Europe and Turkey. This will increase gas supply and energy security to European markets through the opening of the new Southern Gas Corridor. […]
