capital expenditure
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: […]
SBM will supply, lease and operate a converted FPSO The Fram field is located in United Kingdom continental Shelf (UKCS) including the Blocks 29/3c, 29/4c, 29/8a and 29/9c in the central North Sea, around 220 km east of Aberdeen, Scotland, UK, in a water depth of approximately 97 m. These blocks are jointly owned by […]
Liard Basin tops best shale gas fields in North America The Houston, Texas-based, Apache Corporation (Apache) announced the shale gas Liard Basin in British Columbia (BC), Canada, to contain 48 trillion cf of marketable natural gas. In addition the tests performed by Apache through three wells have reported that the shale gas of the Liard Basin is among “the […]
Definition Tie-back in the offshore oil and gas upstream activities refer to the connection of additional risers to the floating vessel or platform. Comments Originally the offshore oil and gas industry used to focus on large fields that could be explored and produced in drilling strait below the floating vessel or the platform. But the high […]
