final investment decision (FID)
Oman Key project and Business Highlights 2014 Although the Sultanate of Oman points only on the seventh position by crude oil proven reserves amongst the Middle-East country it attracts more and more international companies such as BP, PTTEP, Shell or Total to support the national companies Petroleum Development of Oman (PDO), Oman Oil Company (OOC) […]
Texas and Louisiana race for Chinese methanol project The Chinese companies Connell Group (Connell) and Sino Life Insurance Corporation (Sino Life) are currently evaluating potential sites in Shoal Point, Texas, and Donaldsonville, Louisiana, to build and operate a world-scale methanol plant in USA. Based in Jilin, in the northeast of China, Connell is a chemical group […]
Chevron – Aramco – KOC validate Wafra Steamflooding The California-based international oil company (IOC) Chevron Corporation (Chevron) and its local partners, Saudi Aramco and Kuwait Oil Company (KOC) have validated the steamflooding technology to develop the Wafra heavy crude oil field in the onshore Partitioned Zone (PZ) between Saudi Arabia and Kuwait. The Partitioned Zone […]
Statoil preferred TLP concept for Snorre C on tie-back The Norwegian State-owned company Statoil and its partners, Petoro from Norway, ExxonMobil from USA, Idemitsu Petroleum (Idemitsu) from Japan, RWE from Germany, Core Energy from Norway preferred the tension leg platform (TLP) concept over a simple tie-back to develop Snorre C, the third phase of this […]
Shoaiba Storage tendered as In-Kingdom EPC contract Saudi Aramco is continuously adjusting its contractual strategy for the construction of the hydrocarbon bulk storage terminal planned at the mi-distance of the Saudi Arabia west coast on the Red Sea. Located 220 kilometers south of Jeddah, Shoaiba is the city on the west coast at the shortest […]
Shell and Statoil compare EOR solutions to boost Vito The Royal Dutch Shell (Shell), the US independent company Anadarko Petroleum Corporation (Anadarko) and the Norwegian national oil company (NOC) Statoil are mobilizing their best experts in enhanced oil recovery (EOR) techniques to compare the different solutions to boost the production from the Vito oil and […]
Waste Management to monetize waste biogas into GTL Ventech Engineering International LLC (Ventech), Velocys plc (Velocys), Waste Management Inc. (Waste Management) and NRG Energy Inc. (NRG) formed a joint venture to develop and promote gas-to-liquids (GTL) small-scale production units to monetize biogas and natural gas. These four companies are bringing together their respective expertise to take the […]
Sasol HDPE relocated from Lake Charles to LaPorte The Swiss-based Ineos Group AG (Ineos) and the South African petrochemical company Sasol Ltd (Sasol) made the final investment decision (FID) in their joint venture to build a greenfield bimodal high density polyethylene (HDPE) in LaPorte,Texas USA. On early 2013, Sasol had confirmed its intention to move forward […]
