CAPEX
Statoil aims at major interests in giant Umid gas field In January 2013, the Norwegian Foreign Minister Espen Barth Eide supported by Statoil International development and production chief Lars Christian Bacher paid a state visit to Azerbaijan President Ilham Aliyev to promote the Norway national oil company to increase the partnership with the State Oil […]
Block 61 among world largest tight gas development In January 2013, BP received the technical and commercial offers from the engineering companies bidding on the key packages of its Block 61 tight gas full field development phase-1 project in the Sultanate of Oman. Last September, BP had announced to scale up its capital expenditure from $15 billion […]
Chevron to spend $5.6 billion in Mafumeira Sul project Cabinda Gulf Oil Company Ltd (Cabinda), the Angola subsidiary of the California-based international oil company Chevron Corporation (Chevron) and its partners Sonangol, Total and Eni made the final investment decision (FID) regarding the Mafumeira Sul project. Located offshore Angola, the Mafumeira Sul project (Mafumeira South) is the expansion […]
SMOE and Mustang win Ivar Aasen topsides EPC Previously named Draupne, the Ivar Aasen project is taking a leap with the decision made by Det norske and its partners Statoil and Bayerngas to award the engineering, procurement and construction (EPC) contract to a team of contractors made of SMOE and Mustang from the Wood Group. […]
Apache and JX to join Carnarvon and Finder in Phoenix Apache Corporation (Apache) from USA and JX Nippon Oil & Gas Exploration (JX Nippon) from Japan have seen their project of Farm-in Agreement with Carnarvon Petroleum Ltd (Carnarvon) and Finder Exploration (Finder), both from Australia, approved by the Australian Authorities. Last October, Apache, JX Nippon […]
Fluor and WorleyParsons in JV with KING and KGNT In May 2012, TengizChevrOil (TCO), the joint venture between Chevron, ExxonMobil, KazMunaiGas (KMG) and LukArco (Lukoil), awarded a first FEED and EPCM contract to a Fluor-led joint venture with WorleyParsons and Kazakh companies KING and KGNT for the Wellhead Pressure Management package of the Tengiz Future […]
KNPC awarded PMC contract to Foster Wheeler On December 23rd, 2012, the state-owned oil refiner Kuwait National Petroleum Co (KNPC) selected Foster Wheeler for the project management consultancy (PMC) contract of the multi-billion Clean Fuels Project (CFP). In Kuwait, the CFP project, as well as the New Refinery Project (NRP) were left on hold nearly four years […]
Jacobs completed FEED on mining Phosphate City The Saudi Arabian Mining Company (Maaden) is moving into the engineering, procurement and construction (EPC) phase for its $6 billion capital expenditure Phosphate City project. To be located in the north of Saudi Arabia, the Phosphate City project is also called Al-Khabra project as Maaden is aiming at debottlenecking the Al-Khabra phosphates mines. Through the Phosphate City […]
