Final Investment Decision
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.
In 2018, twice more, in volume of capital expenditure, EPC contracts were awarded than in 2017. This step change is not related to some barrel price speculations bu to the new business models developed by the game changers, mostly the Independent companies taking now the lead of the market.
Did you see the Oil & Gas and Petrochemical Market Shift and Upturn?
The volume of Oil & Gas and Petrochemical engineering, procurement and construction (EPC) contracts awarded in 2018 is about to double compared with 2017 as a consequence of the market shift from the international oil companies (IOCs) to the national oil companies (NOCs) and independent companies.
NefteGaz to add Delayed Coker in Afipsky Refinery The Russian NefteGazIndustriya LLC (NefteGaz) made the final investment decision (FID) to proceed with the expansion of its Afipsky Refinery in the Seversky District of the Krasnodar Territory on southwestern Russia. The Krasnodar Territory lies on the Black Sea east coast, in from of Crimea Peninsula, in […]
Norway to take technological lead with Johan Sverdrup Statoil Johan Sverdrup project is not only remarkable because of the context in which its final investment decision (FID) is made, but also as it will concentrate the most advanced technologies all along its development from the electrical power supply to the enhanced oil recovery (EOR) techniques […]
Nebraska Court sets green light to Keystone XL project On January 9th 2015, the Nebraska High Court gave the green light to TransCanada for the acquisition of lands to build and operate its giant Keystone XL Pipeline project to connect the Alberta tar sands to the US Gulf Coast downstream industry. In removing the last […]
USA Key Projects and Business Highlights 2014 The development of the shale gas in USA has continued to materialized in 2014 regardless the low prices of the local market around $4 per million BTU. The producing companies have fully integrated this situation and we assist to a concentration around the most competitive explorers with costs below […]
Oman Oil Musandam IPP to replace diesel powergen The wholly state-owned Oman Oil Company (Oman Oil or OOC) and its partner LG International Corporation (LG) from South Korea made the final investment decision for their joint venture Musandam Power Company (MPC) independent power plant (IPP) to be built at Tibat-Wilayat Bukha in the Musandam Governorate […]
