CAPEX
Petronas calls for competitive FEED on Sepat project Since 2010, the national oil company (NOC), Petrolian Nasional Bhd (Petronas), has decided to put efforts to develop marginal fields offshore Malaysia. Around the Malaysian peninsula, Petronas identified 106 marginal oil fields representing more than 580 million barrels of crude oil that it cannot ignore any longer. These […]
Bechtel wins Ras Laffan Petrochemicals PMC contract The national oil company (NOC) Qatar Petroleum (QP) and the joint venture Qatar Petrochemical Company (QAPCO) selected the US-based engineering company Bechtel to provide project management consultancy (PMC) for the Ras Laffan Petrochemicals Project in Qatar. In this partnership with QP, QAPCO is itself a 80/20 joint venture between […]
Samsung to build the world largest FPSO in Nigeria In June 2013, Samsung Heavy Industries Upstream Nigeria converted a letter of appointment (LOA) into firm signed contract with Total Upstream Petroleum Nigeria (TUPNI) for the construction of the world ever largest floating, production, storage and offloading (FPSO) vessel in Nigeria. Samsung Heavy Industries Upstream Nigeria is the […]
QGEP gauges two FPSO sizes for Atlanta heavy crude The first Brazilian independent oil company Queiroz Galvao Exploration & Production (QGEP) and its partners, OGX Petróleo e Gás Participações S.A (OGX) and Barra Energia do Brasil Petróleo e Gás Ltda (Barra Energia), are currently evaluating two different schemes to develop the offshore Block BS-4 and select the […]
Petronas calls for tender RAPID Package 8 EPCC The Malaysia national oil company (NOC) Petronas has sent the invitation to bid (ITB) to the pre-qualified engineering companies for the Package 8 of the Refinery And Petrochemicals Integrated Development (RAPID) project despite the one year delay announced earlier. With an estimated $20 billion capital expenditure, the […]
Julia phase-1 tied-back to Chevron Jack & St Malo The super major ExxonMobil from USA and Statoil from Norway, made the final investment decision (FID) in April 2013 to start the development of the Julia oil and gas field in the US part of the Gulf of Mexico. Drilled in 2007, 285 kilometers southwest of […]
Oman selects Sohar for a $3.6 billion Plastics Project The Oman Refineries and Petroleum Industries Company (ORPIC) took the opportunity of the Polyolefins Plastics Arabia Conference organized in Muscat in May 2013 to unveil the details of a greenfield world-scale petrochemical complex to be located in Sohar. As most of the Gulf countries, the Sultanate […]
Cobalt to join Majors in Angola pre-salt Kwansa Basin With the Cameia discovery, the junior Cobalt International Energy Company Inc. (Cobalt) is joining the major companies BP, Chevron, Eni, ExxonMobil, Galp Energia, Maersk, Petrobras, PetroChina, Statoil and Total in the development of the pre-salt oil and gas reserves lying in the Angola deep offshore Kwanza […]
