capital expenditure
According to an interview of Mr Fu Chengyu, who became chairman of Sinopec‘s parent in April, to Bloomberg, Sinopec is considering to sell its chemical assets in the next five years in order to finance its overseas development. Benchmarking the Majors like ExxonMobil or Shell, Sinopec wants to balance it Upstream activities and Downstream business. With profitability […]
TAQA, the Abu Dhabi National Energy Company, UAE, has announced to increase capital expenditures from $1.9 billion in 2011 to $2.2 billion in 2012. These investments will go to expend on going projects in Western Canada, North Sea, Netherlands, Morocco and Ghana. TAQA’s Oil & Gas operations are located in North America, UK and the […]
After benchmarking the USA who should become a net gas exporter in 2012 for the first time in their history, China has learnt the lesson very fast and decided to develop their reserves of shale gas on fast track to reduce their energy dependency. The fact is that China hosts 19% of the global reserves of shale […]
Today the Marcellus Shale gas field in USA is considered with its 500 trillion cuf gas reserves as the second biggest gas field in the World after… the North field in Offshore Qatar. Many companies are operating in this field covering the states of New York, Pennsylvania, Ohio and West Virginia, USA. Among the key […]
“Downstream” covers all the chain of transformations of the oil or gas after the transportation (Midstream). It begins with the refining and it continues with all the cracking operations of the petrochemical industry to produce all the chain of chemical products (Ethylene, Polyethylene, Propylene, Polypropylene, etc…) Comments: By comparison with the “Upstream” (Exploration & Production) […]
The $13 billion Keystone project is an entire network of pipelines connecting the key sources of supply from Alberta, Canada, in North end, and Gulf of Mexico, USA, in South end, to the main storage, trading and refining locations of Cushing, Oklahoma, USA, of Port Arthur, Texas, USA, and of Wood River & Patoka, USA. […]
While the oil and gas production came down in 2011 by 18% to 1.8 million boe, the companies keep high ambition in the North Sea. In its 2012 survey, Oil & Gas UK collected input from the operators and estimated that the capital pending in the North Sea should reach a record high level to […]
Definition: “Upstream” refers to the flow of oil or gas coming up from the reservoir to the surface. By extension “Upstream” has been adopted by the Oil & Gas industry to nominate all activities to pump up the oil and gas. It starts from the exploration to find new reserves onshore or offshore, covers all […]
