Business model
Horizon and Osaka Gas to ally in Papua New Guinea The Australian Horizon Oil Ltd (Horizon) and the large utility company Osaka Gas from Japan signed a strategic alliance to develop acreage gas fields in Papua New Guinea (PNG) for the production of condensate and liquefied natural gas (LNG). In November 2012, Horizon had announced to […]
Anadarko combines subsea and FPU in Rovuma Area-1 The Houston based Anadarko Petroleum (Anadarko) and its partners Mitsui E&P (Mitsui), BPRL Ventures Mozambique B.V. (BPRL), Videocon Mozambique Rovuma (Videocon), PTTEP and ENH, are exploring all the potential solutions for the offshore part of its liquefied natural gas (LNG) project in the area-1 of the Rovuma Basin Offshore Mozambique. Since 2011, Anadarko accumulated major discoveries in the Area-1 […]
Total to revamp and upgrade Belgium Antwerp complex After Gonfreville in France and Port Arthur in texas, USA, the French major Total is planning to invest $1.3 billion capital expenditure to revamp and upgrade its integrated refinery and petrochemical complex in Antwerp, Belgium. With a capacity of 360,000 barrels per day (b/d) Antwerp is the […]
Rosneft and ExxonMobil to export LNG from Russia During a visit in April on the Sakhalin-1 facilities, Rosneft Chief Executive Officer Victor Sechin announced his intention to export liquefied natural gas (LNG) from Russia in joint venture with his partner ExxonMobil in Sakhalin-1 on the far east of Russia. Mr Sechin indicated that this Russia […]
Daelim in the lead for KNPC Mina Al-Ahmadi FCC EPC Daelim Industrial from South Korea submitted the lowest bid for the engineering, procurement and construction (EPC) contract of the Fluid Catalytic Convertor (FCC) and Sour Water Treatment package of the Kuwait National Petroleum Corporation (KNPC) refinery at Mina Al-Ahmadi in Kuwait. With this first package to be […]
Shell to replicate Pearl GTL with Lousiana GTL project Since the South Africa company Sasol had announced last year to select its site in Lake Charles in Westlake of Calcasieu Parish in Louisiana, Shell opted also for the Lousiana Gulf Coast for its gas-to-liquids (GTL) project in USA. At the CERAWeek, last year, Shell CEO Peter […]
CNPC to join Petroecuador in Ecuador Refinery project The giant China National Petroleum Company (CNPC or PetroChina) is currently in discussion with the national oil companies (NOCs) Petroecuador and Petroleos de Venezuela SA (PDVSA) to take a stake in the Ecuador Refineria del Pacifico project. With a production of 500,000 barrels per day (b/d), Ecuador […]
Mustang-Hejailan completed FEED on Midyan Project Since Mustang–Hejailan completed the front end engineering and design (FEED) contract for the development of the Midyan offshore gas field, Saudi Aramco evaluated the bids submitted for the engineering, procurement and construction (EPC) contract of the Mustang onshore package of the project. Located 135 kilometers northwest of the Port of […]
