joint venture
Australia Key Project and Business Highlights In 2012, Australia popped up as center of universe for the liquefied natural gas (LNG) industry with the number of LNG projects pilling up, the costs of these projects spiraling up by 80%, the new discoveries leading to strategic changes. With a second wave of LNG projects representing $156 billion capital […]
2B1st Christmas blog: One day – One Country For nearly one year we propose you every day information about the projects, the companies and news related to the oil and gas and petrochemical industry somewhere in the world. We select the topics sometimes because of their immediate interest for the daily business, sometimes as they illustrate long term […]
KOC to invest $7 billion in Lower Fars heavy crude oil The national upstream Kuwait Oil Company (KOC) is considering to move into the engineering, procurement and construction (EPC)stage for the Lower Fars phase-1 project since WorleyParsons completed the front end engineering and design (FEED) work in 2012. This phase-1 is part of the Lower Fars heavy […]
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 […]
together WE achieve Based in Abu Dhabi within the United Arab Emirates (UAE), the Abu Dhabi National Company (ChemaWeYaat) was established recently in 2008 as the spearhead of the petrochemical industry in the UAE. In order to create immediately a regional champion and develop synergies, the stakeholders transferred their respective petrochemical assets into their purposely formed […]
Sonatrach to increase CAPEX by 50% in 2013 In November 2012, Sonatrach, the Algeria national oil company announced to increase its capital expenditure from the actual $10 billion in 2012 to $15 billion in 2013. This first step is part of the new program of oil and gas projects in which Sonatrach is planning to invest […]
CNPC to take $2.2 billion stake in Encana Duvernay The China National Petroleum Company (CNPC or PetroChina) speeds up acquisitions of interests in Canada with the $2.2 billion offered to the local Encana for stake in the Duvernay oil sand project. According to the deal reached between the parties, PetroChina will take, through its wholly-owned subsidiary […]
Leading North American energy producer Born in 2002 in Calgary, Alberta, from the merger between PanCanadian Energy Corporation (PanCanadian Energy) and Alberta Energy Company Ltd (Alberta Energy), Encana is operating in oil and gas exploration and production in North America. Headquartered in Calgary, Encana is listed in Toronto and New York Stock exchanges. Created in the 1880s […]
