barrels of oil equivalent (BOE)
Delivering Organic Value Created in 1981 under the name of International Petroleum, the company became Lundin Petroleum (Lundin) as a result of the merger with the Sands Petroleum in 1997. Home-based in Stockholm, Sweden, Lundin is listed in Stockholm, Nasdaq and Toronto. Managed by the Lundin familly, Lundin is an independent company focusing on oil […]
BP low sality EOR to bring 6% additional oil recovery BP and its partners ConocoPhillips, Chevron and Shell presented at the British Science Festival in Aberdeen a new technology to significantly improve the enhanced oil recovery (EOR) technology by water injection. Based on the principle of low salinity water injection, BP deployes this new technology […]
The world largest publicly traded oil and gas company Based in Irving, near Houston, Texas, USA, Exxon Mobil Corporation (ExxonMobil) is listed in NYSE (XOM) and recognized as the world largest publicly traded international oil and gas company. ExxonMobil holds the largest oil and gas resources among the international oil companies (IOC) with 87 billion […]
Definition EOR is the acronym of enhanced oil recovery and refers to all the ultimate technologies to compensate the natural depletion of the oil and gas fields Comments In developing a new oil and gas field, the natural pressure of the reservoir is at its maximum. For the oil fields, this natural pressure combined with […]
Woodside in talks with ExxonMobil, BHP and Hess Earlier this year, Woodside Petroleum (Woodside) and its partners Tokyo Gas Pluto Pty ltd (Tokyo gas) and Kansai Electric Power Australia Pty Ltd (Kansai Electric) started up operations of the Pluto LNG project. Tokyo Gas and Kansai Electric are in the same time the purchasers of Pluto gas […]
Geitungen rises Johan Sverdrup beyond Statoil’s expectations on Utsira High While Statoil and its partners, Maersk, Petoro, Det norske oljeselskap and Lundin, are running intensive discussions to develop the giant Johan Sverdrup fields, the Geitungen discovery confirms all the potential of the still unexplored Utsira High areas within the Norwegian Continental Shelf (NCS). Located 140 kilometers west […]
Anadarko sold 7.2% Lucius stakes to welcome Inpex Anadarko Petroleum Corp. (Anadarko), formaly Kerr-Mc Gee, and its partners, Apache, Eni, ExxonMobil, Petrobras and Plains Exploration & Production (PXP), had sanctioned the development of the Lucius project in December 2011. In July 2012, Anadarko sold 7.2% of its interests in Lucius to Teikoku Oil, a wholly owned Inpex […]
Skrugard and Havis confirm Barents Sea potential Statoil and its partners ENI from Italy and Petoro AS (Petoro), the Norway State-owned company, discovered in Skrugard and Havis reserves going far beyond their expectations. Under the license PL 532, Statoil and its partner share working interests in Skrugard and Havis as following: – Statoil 50% and […]
