IOC
ExxonMobil signed agreement with Impact on Tugela The super major ExxonMobil signed an agreement with the junior Impact oil and Gas Ltd (Impact) for the exploration of Tugela South Exploration Right offshore South Africa. According to the terms of the agreement, ExxonMobil is to acquire 75% of the interests in the Tugela South Exploration Right and […]
Zakum Development Company The Zakum Development Company (ZADCO) was established in the Abu Dhabi Emirate, as part of the United Arab Emirates (UAE), in November 1977 to develop and operate the Upper Zakum (UZ) field. At that time ZADCO was a joint venture between: – Abu Dhabi National Oil Company (ADNOC) 88% – Japan Oil Development […]
Chemistry that matters Based in Ryadh, Saudi Arabia, SABIC stands for the Saudi Basic Industries Corporation, one of the largest petrochemical companies in the world with 40,000 employees running operations in 40 countries. SABIC was established in 1976 by Royal Decree to develop the downstream industries in Saudi Arabia while Saudi Aramco was focusing on the […]
To be a world-leading Energy and Chemical Company China Petrochemical Corporation (Sinopec Group) was established in July 1998 on the basis of the former China Petrochemical Corporation. Sinopec Group is a state wholly owned company with Headquartered in Beijing, China and a registered capital of RMB 182 billion ($30 billion). As a state-owned company, Sinopec Group […]
PTTEP to join ExxonMobil, Total and Pertamina On October 20th, 2012, the Director of the Oil and Gas at the Indonesian Ministry of Energy and Mineral resources confirmed that the Thai national oil company, PTTEP, has been selected to replace the leaving Malaysian Petronas from the partnership. In the competition, to take the seat left by […]
An international oil and gas company Based in Vienna, OMV Aktiengesellschaft (OMV) is one of Austria’s largest listed industrial companies with 29,800 employees in 2011 Historically, OMV is an integrated upstream–midstream–downstream company with activities mostly concentrated in Europe. Upstream, OMV explore and produce oil and gas in Romania and Austria and holds working interests all […]
Energize – Harmonize – Realize The national oil company PetroChina Company Limited (PetroChina) was established on November 1995, by the Chinese Government from the major restructuring of the oil and gas sector in China and of its national company at that time, China National Petroleum Corporation (CNPC). In this operation the Chinese Government keeps holding 100% […]
Canacol, ExxonMobil, Nexen, Shell lead exploration The national oil company Ecopetrol invites international oil companies such as Canacol, ExxonMobil, Nexen, Shell for partnership to explore and develop shale gas in Colombia. Ecopetrol is owned at 88.5% by the Colombian Government while the remaining shares are floated at the Bogota and New York stocks exchanges. After Mexico […]
