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IFP Energies Nouvelles sees CAPEX to grow by 13% Based in Paris, France, the Institut Français du Pétrole et de Energies Nouvelles (IFP Energies Nouvelles) published on October 8th its last survey about the capital expenditure in the exploration and production and in refining. Published every year this survey gives an overview of the main […]

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YPF and Chevron signed MOU in unconventionals YPF SA (YPF) the Argentina’s national oil company and the international oil company Chevron Corporation (Chevron) signed a memorandum of understanding to explore and develop the local unconventional resources in oil and gas. According to the US Energy Information Administration (EIA) Argentina is the largest producer of natural gas […]

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Genel Energy to benefit from dispute resolution In November 2011, the Turkish company Genel Energy International Ltd merged with Vallares PLC to become the largest oil and gas company operating in the Kurdistan region of Iraq. Renamed Genel Energy, the new company enlisted the London Stock Exchange (GENL). For both companies the purpose of this […]

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Chevron explores next generation of energy innovation. Based in San Ramon, California,USA, for 130 years, Chevron Corporation (Chevron) is listed in NYSE (CVX) As one of the world’s leading integrated international oil and gas company  Chevron conducts business worldwide to:  – Explore, produce and transport crude oil and natural gas  – Refine, market and distribute transportation fuels and lubricants […]

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Shell made FID on $2 billion Quest Athabasca CCS project Shell, Chevron and Marathon Oil (Marathon) made the final investment decision (FID) for the Quest CO² Capture Sequestration project through their Athabasca Oil Sands Project joint venture. In order to reduce the carbon footprint of the oil sands exploration and production in the Athabasca Oil […]

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Definition E&P is the acronym of Exploration and Production in the oil and gas industry. E&P is also the synonymous of Upstream E&P or Exploration and Production or Upstream refer in the same way to all the oil and gas activities from the search of potential reserves to the first transformation of the crude oil or […]

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Skrugard and Havis confirm Barents Sea potential Statoil and its partners ENI from Italy and Petoro AS (Petoro), the Norway State-owned company, discovered in Skrugard and Havis reserves going far beyond their expectations. Under the license PL 532, Statoil and its partner share working interests in Skrugard and Havis as following:  – Statoil 50% and […]

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Total to acquire ShaMaran Taza oil field in Kurdistan The Canadian ShaMaran Petroleum Corp (ShaMaran) announced this week to have sold its interests to the French major Total  in the Taza oil field in Kurdistan. Last month Total had signed with the US Marathon Oil Company (Marathon) a Farm-in Agreement to acquire 35% of the working interests in the Harir and Safen Blocks in the Kurdistan region, northeast […]

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