ENI
The national oil companies (NOCs), Eni from Italy and Sonangol from Angola, together with the local joint venture Sonangol – Sinopec called SSI Fifteen limited (SSI Fifteen) intend to develop their recent discovery Agogo in the Block 15/06 offshore Angola on fast-track as a stand alone project as a floating, production, storage and offloading (FPSO) vessel.
In August 2016, Eni and ExxonMobil signed an agreement by which Eni will sell 25% stake into the onshore LNG project and transfer the operator role to the US major ExxonMobil. Eni kept the operator role for the development of its offshore fields.
Oil & Gas and Petrochemical market has grown up by 30% in 2017 in respect with the number of projects sanctioned for execution with EPC contracts. This number confirms our last year forecast and gives credit to our estimation of 20% to 35% growth for 2018. This market upturn is driven by a market shift from the IOCs to the NOCs and Independent companies, representing both nearly 80% of the capital expenditure as operator on the next five years. As a results the projects get smaller and run on fast-track requiring more agility from the sales organizations for detection and capture.
Noble and Union Fenosa Gas signed Tamar gas supply The Texas-based companies Noble Energy (Noble) and Isramco Negev and their Israeli partners Delek Drilling, Avner Oil Exploration (Avner) and Dor Gas Exploration ( Dor Gas) signed a non-bidding letter of intend (LOI) with Union Fenosa Gas SA (UFG), the joint venture between Gas Natural from […]
KMG joined KPO partners for KEP1 in Karachaganak 3 Through its national oil company (NOC) KazMunaiGas (KMG) Kazakhstan joined in 2012 the partnering companies BG Group (BG), Eni, Chevron and Lukoil in the Karachaganak Petroleum Operating BV (KPO) joint venture for the Karachaganak Expansion Project (KEP) Stage-1 of the oil and gas field development Karachaganak phase-3 in the northwest […]
Nigeria Key Projects and Business Highlights 2014 Nigeria holds first largest proven reserves of natural gas and the second largest of crude oil in Africa as a result of intensive campaign of exploration on the early 2000s years led by international companies such as Chevron, Eni, ExxonMobil, Shell or Total. Despite flaring the major part […]
West Africa Key Projects and Business Highlights 2014 From the 54 countries of the Africa continent, 16 were producing oil in 2010. On the last decade, the producing countries have proven to generate an higher growth than the non-producing countries. In this game, West Africa plays a leading role with key countries such as Angola, […]
South Oil evaluates offers for CSSP FEED contract The state-owned South Oil Company (SOC) is currently evaluating the offers for the giant Common Seawater Supply Project (CSSP) to be built in the south of Iraq to provide all the water required by the exploration and production of the oil and gas fields in the Basra […]
