associated gas
Brazil Key Project and Business Highlights The year 2012 has seen Brazil congested by the upstream projects causing delays. But more importantly, in 2012, Brazil started to implement its integrated business model in which upstream, midstream and downstream sectors are developed in parallel in order to optimize the hydrocarbon value chain. On the upstream the bottleneck […]
ADCO receives bids on Bab Gas Compression Phase 2 Abu Dhabi Company for Onshore Oil Operations (ADCO) is receiving the technical and commercial offers of the engineering companies in competition for the engineering, procurement and construction (EPC) contract of the Bab Gas Compression Project phase 2. ADCO is the Abu Dhabi National Oil Company (ADNOC) […]
World Bank and European Bank for Reconstruction & Development to provide funding to reduce flared gas The World Bank and the European Bank for Reconstruction and Development (EBRD) are calling the oil companies and the producing countries to cut the gas flaring by 30% in the next five years. According to 2011 estimations, about 140 […]
Genel to export Kurdish Iraq natural gas to Turkey Genel Energy is considering a $2.5 billion gas central processing facility to turn Miran gas field into production. The Miran natural gas field is located in the Kurdistan Region in Iraq and had been awarded through a production sharing contract (PSC) by the Kurdistan Regional Government (KRG) […]
Solvay and Sibur to produce oil field process chemicals The Russian petrochemical company SIBUR and the Belgium chemical group Solvay signed Heads of agreement in London to produce jointly surfactants and oil field process chemicals. According to the agreement, SIBUR and Solvay Novecare will create a 50/50 joint venture called RusPAV. The joint venture RusPAV should […]
Largest petrochemical company in Russia and CIS The Siberia Urals Petrochemical Company (SIBUR) was established by Decree as a joint-stock company in 1992. SIBUR was formed from multiple entities processing oil, gas and petrochemicals across Russia. In 2001, SIBUR was taken over by Gazprom to resolve debts reorganize the company. In 2008, Gazprom considered the petrochemical […]
Sinopec to take shares in Russia Sibur’s facility On October 2012, China Petroleum and Chemical Corporation (Sinopec) and the Russian company Sibur signed Heads of Agreement to sell to the Chinese company shares of the Krasnoyarsk Synthetic Rubbers Plant JSC (KSRP). Sinopec is the second largest Chinese national oil company after PetroChina (CNPC) and among the Top 10 largest […]
Saudi Aramco revises plans to explore shale gas Since Saudi Arabia is struggling to increase its natural gas production to meet its fast growing demand, the national oil company Saudi Aramco investigate all potential sources of supply, onshore and offshore, conventional and unconventional. The consumption of natural gas in Saudi Arabia is increasing very fast because […]
