joint venture
EIA to adopt North Sea Brent crude oil as benchmark US Government energy agency, the Energy Information Administration (EIA) published in its annual energy out look its decision to replace the historical West Texas Intermediate (WTI) crude oil traded on New York Mercantile Exchange by the European Brent listed on the Inter Continental Exchange (ICE). […]
China National Offshore Oil Corporation The China National Offshore Oil Corporation (CNOOC) is the Chinese third largest oil and gas company in China after PetroChina (CNPC) and Sinopec. Based in Hong Kong, CNOOC was established in 1999 to develop the offshore resources in complement of PetroChina focusing on the onshore exploration and production and Sinopec […]
Vietnam Oil & Gas Group completed preparation work PetroVietnam‘s Chairman , Mr Phung Dinh Thuc confirmed during a visit on the site of the Nghi Son refinery project that the preparation work was completed in October 2012 so that the construction could start in 2013. The Nghi Son Refinery and Petrochemical LLC (NSRP) is a […]
Reaching new frontiers Sasol was established in Sasolburg in South Africa in 1950 to develop on industrial basis the Coal-To-Liquids (CTL) technology as this country is rich of coal and many other resources but holds limited oil and gas conventional fields. Sasol started up the first CTL plant in 1955 to produce synthetic fuels and chemicals. […]
Sasol to prioritize US GTL on Canada GTL project In a press conference in Louisiana, Sasol’s chief executive officer, David Constable, confirmed the decision of the board to move on the front end engineering and design (FEED) stage of the first Gas-To-Liquids (GTL) project to be built in USA. To be located in its site […]
The world leader in gases for industry Air Liquide was founded in France in 1902 from two scientists and inventors who got the idea to liquefied air to separate the gases and produce oxygen. Today, Air Liquide is operating in 80 countries with 46,200 employees but still focusing on the air separation for all industries […]
Woodside to become LNG operator in Leviathan December 3rd, 2012, the Australian company Woodside closed a deal with Noble Energy (Noble) representing the Leviathan joint venture to take 30% stake in the giant Leviathan natural gas field. Lying by 1,700 meters deepwater depth at 135 kilometers west from Israel coast, the Leviathan field may contain up to […]
Effectively produce hydrocarbons from offshore areas Firstly established as Abu Dhabi Marine Areas Limited (ADMA) to explore and produce offshore Abu Dhabi oil and gas, Abu Dhabi Marine Operating Company (ADMA-OPCO) exported the first tanker of crude from Das Island to Japan in July 1962. Named British tanker, this first export vessel was celebrating the successful […]
