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Technip and Heerema to build and install Malikai TLP With Malikai, Shell and its partners ConocoPhillips and Petronas are on the way to install the first tension leg platform (TLP) in Malaysia. Through the joint venture Sabah Shell Petroleum Company, Shell and its partners selected the TLP solution from the conceptual study because of the high capabilities of this type […]

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$50 billion of business opportunities in 250 projects  On November 19th 2012, the Project Smart Explorer data base reports $50 billion of business opportunities within the 250 active projects in pursuit in the oil and gas and petrochemical industry. These business opportunities are related for:  – $18 billion to Electrical products and systems (Switchgears, transformers, motors and generators, cables, lighting, power systems, etc…)  – […]

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Mellitah Oil and Gas to pre-qualify for Basic and FEED On October 14th, 2012, the joint venture Mellitah Oil and Gas (MOG) between Eni from Italy and the Libyan National Oil Company (NOC) closed the submission period for the pre-qualification of the engineering companies to provide basic design and front end engineering and design (FEED) work […]

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Majors work on alternatives to export North Slope gas  In October 2012, the major companies operating in Alaska, ExxonMobil, ConocoPhillips, BP and TransCanada submitted to the Alaska administration their first report for an Alaska liquefied natural gas (LNG) export project. Estimated to cost $45 billion to $65 billion capital expenditure, Alaska LNG should be one of […]

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Waha Oil partners to revive Sirte basin production Waha Oil Company’s partners ConocoPhillips, Marathon Oil, Hess Corporation and the local National Oil Company are preparing large exploration production program to revive the oil and gas production in Libya. Within the Sirte basin, the Waha concession covers 13 million acres and includes three major projects : […]

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PDVSA and Russians to pump $25 billion in Orinoco In September 2012, the national oil company Petroleos De Venezuela SA (PDVSA) and a Russian National Petroleum Consortium LLP (NPC) made of Gazprom, Rosneft, Lukoil, TNK-BP and Surgutneftegas, inaugurated PetroMiranda first oil in the Venezuela Orinoco. PetroMiranda is a joint venture created between PDVSA and Russian […]

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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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Rovuma basin discoveries could set Mozambique as world’s third largest LNG exporter Over the last months, the Houston based, Anadarko Petroleum Corporation (Anadrako) and the Italian Eni multiplied natural gas discoveries on the east coast of Africa to the point that Mozambique could become the world third largest LNG exporter after Qatar and Australia. The oil […]

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