capital expenditure
EDF reported to join Novatek and Total in Yamal LNG EDF may join OAO Novatek (Novatek) and Total in Yamal LNG since the project has been declared of national interest by the Russian authorities for fast-track implementation. Russia is now willing to boost its oil and gas exploration and production to compensate depleting fields and […]
Petronas to pay $5.3 billion Progress Energy Resources The Malaysian NOC Petronas and the Canadian Progress Energy Resources (Progress) have signed an agreement for a friendly takeover of Progress by Petronas. The integration will be done through Petronas Canada to remain based in Calgary, Alberta, for upstream with commercial office in Vancouver,BC, for LNG. The […]
Weatherford won Garraf $200 million processing facility Garraf or Gharraf is the fifth biggest oil field in Iraq with estimated 1 billion barrels reserves. Garraf is located halfway between the southern cities of Karbala and Nasiriya in Thi Qar governorate in the Southern of Iraq. In 2009 Petronas, with its partners, successfully won the Garraf oilfield […]
Fujairah builds the third world biggest oil storage hub The Strait of Hormuz is channelizing 35% of the global oil maritime traffic. In a context of increasing tension with the neighboring Iran, Fujairah in the UAE is developing one of the biggest oil storage and export terminal in the world. The storage capacity of the […]
Foster Wheeler and Sofcon completed the FEED Foster Wheeler and its local partner A. Al-Saihati, A. Fattani & O. Al-Othman Consulting Engineering Co., (SOFCON) have completed the Front End Engineering and Design (FEED) for the Saudi Aramco Riyadh Refinery Clean Transportation Fuel project. In April 2011, Foster Wheeler’s Global Engineering and Construction Group and A. Al-Saihati, A. […]
PetroChina to secure its oil supply chain from Athabasca Fort McMurray to Kitimat, BC Step by step the China National Petroleum Company (CNPC or PetroChina), is putting in place all the pieces of its upstream puzzle from Athabasca, Alberta oil sands fields to Kitimat, BC. In 2011, PetroChina payed $1.9 billion capital expenditure to Athabasca Oil […]
ENI and GDF-Suez combine FEED and EPC bids to speed up Indonesian Muara Bakau development After the successfully appraisal of the Jangkrik natural gas discovery, ENI and GDF-Suez intend to speed up the development of the Muara Bakau PSC, Kutei Basin, East Kalimantan, Indonesia. Overall, in Indonesia, ENI is very active as it holds working interests […]
Atum discovery proves Rovuma prolific to Anadarko The Atum natural gas field is located approximately at 16 killometers distance from the previous Golfinho discovery to the Northwest within the Offshore Area 1 of the Rovuma Basin. In the Offshore Area 1 of the Rovuma basin, Anadarko Petroleum Company (Anadarko) and its partners share working interests as: […]
