FID
Carnarvon basin smiles at Chevron for LNG expansion On September 2012, Chevron Corporation (Chevron) made a new gas find in the Greater Gorgon Area offshore Australia. Exploring the WA-374-P block of the prolific Carnarvon basin, Chevron performed the exploratory well Satyr-2 about 120 kilometers northwest of the Barrow island, offshore the Western Australia coast. The […]
Saudi Aramco to upgrade Yanbu Lube Oil Refinery Saudi Aramco and Jadwa Investment have received the tenders from four engineering companies bidding on the expansion of Luberef Yanbu Lube Oil Refinery Expansion. The Saudi Aramco Lubricating Oil Refining Company (Luberef) is operating the lube oil refineries of Yanbu and Jeddah under the name of Saudi Aramco […]
Methanex to invest $550 million to benefit from low shale gas prices Methanex produces about 3.8 million t/y of Methanol and is the world’s largest supplier of Methanol to major international markets with production units in Canada, Chile, Egypt, New Zealand and Trinidad. Methanol is produces mainly out of natural gas, therefore the access to reliable and […]
OMV to replace ExxonMobil in Aasta Hansteen partnership with Statoil and ConocoPhillips Aasta Hansteen field was previously named Luva and is one of the largest field in the Norwegian Continental Shelf (NCS) with a development planned to cost some $5.6 billion (NOK 34 billion) of capital expenditure. Aasta Hansteen is the start of deepwater development in the Norwegian Sea and […]
Shell do not revise its offer on Cove Energy against PTT Last February, Shell Exploration and Production B.V.(Shell) had made an offer on to take over Cove Energy (Cove), then the Thai National Oil Company (NOC), PTTEP came into the game with the counter offer. After different bids, both companies maintained their conditions, Shell at $0.220 per share and PTTEP at $0.240 while Coves‘ […]
Wentworth leads consortium with Cove Energy and Maurel & Prom The Dubai-based Wentworth Resources (Wentworth) is an independent oil and gas company with natural gas production and a committed exploration program in the Rovuma Basin of southern Tanzania and northern Mozambique. Wentworth and its concession partners Cove Energy (Cove) and Maurel & Prom own a gas […]
PetroRabigh II and Sadara to double Saudi Aramco petrochemical production The PetroRabigh expansion, or PetroRabigh II, is a joint venture between Saudi Aramco and the Japanese Sumitomo Chemical while the greenfield project Sadara actually under construction is a joint venture with Dow Chemicals. But the both projects are designed to almost double Aramco’s chemicals manufacturing […]
QP and Shell completed feasibility study on $6 billion Ras Laffan petrochemical complex Qatar Petroleum (QP) and Shell have completed the feasibility study of the World-scale petrochemicals Complex in in Ras Laffan Industrial City, Qatar Estimated to cost $6 billion capital expenditure this petrochemical complex will be designed around a world-scale steam mixed cracker (ethane or methane) Shell and QP are targeting to benefit from […]
