Exploration & Production
Anadarko sold 7.2% Lucius stakes to welcome Inpex Anadarko Petroleum Corp. (Anadarko), formaly Kerr-Mc Gee, and its partners, Apache, Eni, ExxonMobil, Petrobras and Plains Exploration & Production (PXP), had sanctioned the development of the Lucius project in December 2011. In July 2012, Anadarko sold 7.2% of its interests in Lucius to Teikoku Oil, a wholly owned Inpex […]
After Eni, Talisman and Total, Sonatrach eyes on ExxonMobil and Shell After signing contracts with ENI from Italy, Talisman Energy (Talisman) and Total from France, Sonatrach is willing to attract ExxonMobil and Shell for the exploration and production of unconventional gas, shale gas and tight gas, in Algeria. According to recent studies performed by Sonatrach, […]
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 […]
Definition Petoro AS is a Norway State wholly-owned company in charge of the Norwegian Continental Shelf (NCS) oil and gas assets management Comments Petoro AS (Petoro) is the licensee of the Norwegian State’s Direct Financial Interests (SDFI) representing the assets of the NCS, while Norway as a State is the owner of these assets. Petoro […]
Shell signed with Horsehead for Pennsylvania site In March 2012, Shell signed with Horsehead Corp (Horsehead) a land option agreement on a 300 acre site for its $2.5 billion ethane cracker and petrochemical complex. This Appalachia ethane cracker project is a key milestone in Shell’s strategy to develop an upstream–downstream integrated business model to benefit from […]
Shell, Nexus and Osaka to speed up Crux development Shell, Nexus Energy Ltd (Nexus) from Australia, and Osaka Gas Corp. Ltd (Osaka) have decided to merge their previous respective interests in Crux gas field into a newly created joint venture. Crux belongs to the offshore block AC/L9 of non-associated gas and is located by 170 meters deep […]
Definition Jacket refers in the oil and gas exploration and production to the steel frame supporting the deck and the topsides in a fixed offshore platform. Comments There are multiple types of offshore platforms depending on the applications and the depth of the water. Most of the platforms are used in the shallow waters of […]
Statoil awards on time Mariner and Bressay FEEDs Statoil awards Front End Engineering and Design (FEED) contracts to develop the $9.6 billion capital expenditure Mariner and Bressay according to plan. Mariner and Bressay are very similar projects to produce ultra heavy crude oil, offshore on the North Sea shallow water of the UK Continental Shelf (UKCS) but with different working interests. In Mariner: – Statoil owns 61.5% […]
