BP
Mad Dog: BP’s second giant field in Gulf of Mexico In September 2011, BP announced the drilling of a successful appraisal well in a previously untested northern segment of the Mad Dog field in the US Gulf of Mexico. The well results confirm a significant resource extension for the Mad Dog Field complex, which includes […]
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 […]
BP to invest $15 billion to develop Oman tight gas BP’s Khazzan tight gas project in Block 61 is one of the company’s top five upstream projects globally. BP’s Khazzan project is also the first and largest of its kind in the Middle East. In January 2007 BP signed a major exploration and production sharing agreement with […]
Saipem submitted $600 million change order to Saudi Aramco The Wasit Gas Development Program represents $4.6 billion capital expenditure to build an onshore grass-roots Central Processing Facility (CPF) to process 2.5 billion cf/d of gas from the Arabiyah & Hasbah offshore fields and produce approximately 1.75 billion cf/d of sales gas. Offshore gas wellhead production […]
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. […]
While Phillips 66 sells Trainer refinery to Delta Air Lines, BP will supply the crude. Phillips 66, the newly created company to take over the ConocoPhillips Downstream activities is going to sell its Trainer Refinery, close to Philadelphia, Pennsylvania,USA, to Delta Air Lines for $150 million. This refinery has a capacity of 185,000b/d of light […]
Definition: “PCIC Europe” stands for the Petroleum and Chemical Industry Committee in Europe. PCIC Europe was created in 2003 as the regional extension of PCIC North America, the Petroleum and Chemical Industry Committee of the IEEE in USA. Today is the premier European forum for the exchange of experience in the practical application of electricity and instrumentation in the petroleum, chemical and pharmaceutical industries, including all upstream and downstream activities. […]
Definition: “IOC” is the acronym of International Oil Company and nominates the Oil & Gas companies which are privately owned and operate globally. Comment: The most well-known “IOCs” are ExxonMobil, ChevronTexaco, BP, Shell, Total, ConocoPhillips. They are also called the “Major Companies” or simply the “Majors” as they are the biggest petroleum companies in the […]
