Barrel of Oil Equivalent

KOGAS to move ahead with Akkas gas field development in Western Iraq

Daewoo Engineering wins Akkas Gas processing plant The South Korean Gas Corporation (KOGAS) and the local Iraq National Oil Company (INOC) have awarded to Daewoo Engineering, & Construction Corporation (Daewoo Engineering) also from South-Korea, the engineering, procurement and procurement (EPC) contract for the gas central processing facility (CPF) of the Akkas gas field in the western of …

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Brunei Shell Petroleum to call for EPC bid on Champion waterflood project phase 1

BSP to tender 6 platforms for Champion enhancement Brunei Shell Petroleum (BSP) is preparing the call for tender (CFT) for the first phase of the Champion waterflood project to boost the production of this old oil and gas field offshore Brunei.  Champion is the largest oil and gas field in the Sultanate of Brunei representing 40% …

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Chevron selects new-built Rig and FPSO for $ 6 billion Rosebank

Chevron to award FEED for Rosebank FPSO The Rosebank oil and gas field discovery is located on Blocks 213/26 and 213/27,  in the Faroe-Shetland Channel, 130 km northwest of the Shetland Islands in 1,115 m of water depth on the Corona Ridge near the UK border. Rosebank is considered to be one of the biggest discoveries …

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Mozambique battle intensifies between Shell and PTT

PTTEP bids above $1.9 billion cash to acquire Cove The state owned company PTT Exploration and Production Public Company Ltd (PTTEP) announced the terms of its new offer in cash to acquire the entire issued and to be issued share capital of Cove Energy plc. Since Shell and PTTEP from Thailand were competing to take over Cove Energy (Cove), Shell had made a first offer …

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“BOE”

Definition  BOE is the acronym of Barrel of Oil Equivalent – a unit of energy based on the approximate energy released by burning one barrel of Crude oil. One Barrel contains 42 US gallons or 158.9873 litres of light crude oil which will produce 5.8 × 106 British Thermal Units (million BTU or mBTU) according to the US …

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