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Australia Key Projects and Business Highlights The first half of year has rang in Australia as a fresh wake up call on early morning when the major companies  having interests in this country such as Apache, BG, BHP Billiton, Chevron, ExxonMobil, China National Petroleum Corporation (CNPC or PetroChina), Inpex, Shell, Total and even Woodside started to blow […]

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Keppel Subic to build Malampaya compression platform On December 7th 2012, Shell Philippines Exploration B.V. (Shell), Chevron Malampaya LLC (Chevron), Philippines National Oil Company Exploration Corporation (PNOC) will celebrate the kick off of the Malampaya Phase 3 project with a “Strike steel” ceremony in the Keppel Subic Shipyard in Zampales, Philippines. This Malampaya Phase 3 project […]

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Definition Condensate is referring to the natural gas liquids (NGLs) contained in the raw gas. Comments The raw gas or gas is made of natural gas (methane) and condensate. When the gas is produced from the reservoir it contains roughly 80%-95% methane and 20%-5% condensate. These condensate or natural gas liquids (NGLs) are mainly ethane, ethylene, […]

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EDF reported to join Novatek and Total in Yamal LNG EDF may join OAO Novatek (Novatek) and Total in Yamal LNG since the project has been declared of national interest by the Russian authorities for fast-track implementation. Russia is now willing to boost its oil and gas exploration and production to compensate depleting fields and […]

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$350 million to acquire Dubai’s NPS Energy 21 May 2012 – Aker Solutions has agreed to acquire NPS Energy, which is part of oil field services company National Petroleum Services. NPS Energy has a strong presence in the Middle East and North Africa, which combined hold approximately 60 per cent of the world’s proven oil […]

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Definition FSO is the acronym of Floating Storage and Offloading used to describe the offshore operation between the oil and gas processing and the export to the shore by pipeline or shuttle tankers. Comments Originally, all the offshore platforms used to sit on the seabed, but as exploration and production moved to deeper waters and more […]

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