Business model
Wood County on line to host Ascent Complex project The Brazilian companies Odebrecht and Braskem are currently investigating the opportunity to develop the Appalachian Shale Cracker Enterprise (Ascent) Petrochemical complex project at Parkersburg in the Wood County of West Virginia, USA. Joining Shell with its Appalachia Ethane Cracker project, Odebrecht and Braskem are exploring a new business model in […]
Statoil & GDF-Suez consider platform or FPSO at Njord The Norwegian company Statoil and its partners, GDF-Suez from France, E.ON from Germany, Faroe Petroleum (Faroe) from UK, and VNG Norge from Norway, are currently investigating several alternatives to extend the lifetime of the Njord field for additional twenty years. The current Njord A semi-submersible platform […]
OGC to invest $3.5 billion in LPG and NGL projects The national Oman Gas Company SAOC (OGC) is preparing a strategic shift from its historical midstream activities toward liquid petroleum gas (LPG) and natural gas liquids (NGL) extraction and transformation for petrochemical use. In 2000, OGC was established by Royal Decree to develop the infrastructures across […]
SCR to qualify bidders for Basrah Refinery revamping The national South Refinery Company (SRC) is currently qualifying the engineering companies and contractors interested to bid for the Basrah Refinery revamping and upgrade project in the south of Iraq. This project is part of the Iraq national program to restore the refining capacities of the country […]
Shell and Nexen to take experience from Olympus In order to develop the challenging Appomattox oil field in the US Gulf of Mexico, the Royal Dutch Shell (Shell) and its partner Nexen, a wholly owned subsidiary of the China National Offshore Oil Corporation (CNOOC), intends to take the lessons learnt from the Olympus Tension Leg […]
PTTGC – Pertamina to sign Java Complex joint venture The Thailand-based PTT Global Chemical plc (PTTGC) and the Indonesian national oil company (NOC) Pertamina are in final talks to establish a joint venture to build from greenfield a world-scale petrochemical complex in Java, Indonesia. This process is following up a heads of agreement (HOA) signed […]
EnQuest to award Kraken FPSO to Bumi Armada The Scottish joint venture made of Aberdeen-based EnQuest and First Oil plc ( First Oil) companies together with the Edinburgh-registered Cairn Energy plc (Cairn) have issued a letter of interim agreement (LOIA) to the Malaysian engineering company Bumi Armada (Bumi) for the design and construction of the […]
Oman Oil and IPIC to award Duqm Refinery FEED soon The national Oman Oil Company (Oman Oil or OOC) and the Abu Dhabi sovereign founds International Petroleum Investment Company (IPIC) are reaching the final evaluation stage of the commercial and technical bids submitted by international engineering companies to carry out the front end engineering and […]
