gas
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 […]
Saudi Aramco and Sabic gives momentum to GES+ Saudi Aramco initiated the concept of General Engineering Services Plus (GES+) initiative in order to enhance the level of competence of the local engineering companies and contractors and to contribute to create more value within Saudi Arabia. Indirectly the General Engineering Services Plus (GES+) is to increase the […]
Total to acquire ShaMaran Taza oil field in Kurdistan The Canadian ShaMaran Petroleum Corp (ShaMaran) announced this week to have sold its interests to the French major Total in the Taza oil field in Kurdistan. Last month Total had signed with the US Marathon Oil Company (Marathon) a Farm-in Agreement to acquire 35% of the working interests in the Harir and Safen Blocks in the Kurdistan region, northeast […]
Definition Consortium refers in the oil and gas and petrochemical industry to a group of individuals or legal entities or a combination of individuals and legal entities which mobilizes their respective resources for the accomplishment of a task going beyond the capabilities of each member of the group. Comments In a consortium, the legal entities […]
BP to sell Carson refinery to Tesoro; Sunray and Hemphill gas processing facilities to Eagle Rock BP continues to implement its $38 billion divestment plan of non strategic assets by the end of 2013 in signing two spin off agreements with Tesoro Corporation (Tesoro) and Eagle Rock Energy (Eagle Rock) partners. These agreements cover: – Downstream assets with […]
Definition Conceptual Study stands in the oil and gas and petrochemical industry at the very early stage of a greenfield project to identify all the possibilities and conditions to develop this project. Comments During the conceptual study, the engineers will: – Investigate the multiple technologies to be used – Evaluate the costs of each solution, especially […]
Shah Deniz Consortium secures funding for TAP BP, State Oil Company of Azerbaijan (SOCAR) and Total, the stakeholders of the Shah Deniz Consortium, have committed to provide the founding to joint venture made of EGL Energy (EGL), Statoil and E.ON Ruhrgas for the Trans Adriatic Pipeline project The Trans Adriatic Pipeline (TAP) is a section of […]
