Business model
DNO and Genel ready for FID on Block Dohuk project The Norwegian independent company DNO and its partners, a Turkish-based company Genel Energy (Genel) and the local Kurdistan Regional Government (KRG) are preparing the final investment decision (FID) to develop on fast track the Block Dohuk in the north of the Kurdistan Region of Iraq. […]
Eni to replicate West Hub FPSO for East Hub FPSO The Italian major company Eni and its partners SSI Fifteen Ltd (SSI Fifteen), Sonangol, Total, Falcon Oil Holding Angola SA (Falcon) and Statoil made two significant discoveries in the deep water of the Block 15/06 offshore Angola that should boost the deployment of the floating […]
Kenarong – Pertang competitive FEED to be an option Murphy Oil Corporation (Murphy Oil) and the Malaysian oil company Petronas are considering the option to organize a competitive front end engineering and design (FEED) to develop the Kenarong and Pertang natural gas fields of the Block PM311 in the shallow water of the east coast […]
Haldor Topsoe wins Socar Sumgayit Ammonia Licence The national State Oil Company of Azerbaijan Republic (Socar) selected the Danish catalysis expert Haldor Topsoe to provide its first integrated fertilizer project in Azerbaijan with its ammonia technology. With a budget of $650 million capital expenditure, the Republic of Azerbaijan has made the final investment decision (FID) […]
Tiung Biru and Jambaran gas fields reach FEED stage The super major ExxonMobil and the national oil company (NOC) Pertamina have agreed to prepare the call for tender for the front end engineering and design (FEED) work to develop the Tiung Biru and Jambaran gas fields at Cepu block across Central Java and East Java […]
ORPIC Liwa Platics Project to reach FEED stage The Oman Refinery and Petroleum Industries Company (ORPIC) confirmed to have called for tender the front end engineering and design (FEED) work for its $3.6 billion petrochemical complex to produce plastics in Al-Liwa, close to Sohar in the north of Oman. To be integrated to the Sohar […]
Nigeria to restore refining capacities with private loans On September 4th 2013, the Nigeria private Dangote Group (Dangote) sealed a financial agreement with 12 banks for a $3.3 billion loan to build a greenfield refinery and petrochemical complex in Olokola in the south of Nigeria. With $8 billion capital expenditure, this $3.3 billion loan will […]
ONGC may re-tender Bassein Expansion EPC contract The national oil company (NOC), Oil & Natural Gas Corporation (ONGC) is considering on last minute to rethink the scope of work for its Bassein Expansion project offshore India. Although the Bassein Development project has reached its final bidding stage to award the engineering, procurement and construction (EPC) […]
