joint venture
A leading Asian exploration and production company Home based in Bangkok, Thailand, PTT Exploration and Production Public Company Limited (PTTEP) was established in 1985 to provide Thailand with sustainable oil and gas supply in competitive conditions. PTTEP is a national petroleum exploration and production company owned by the state-owned company PTT, but since 1993, PTTEP […]
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 […]
BG to become first supplier of LNG in China BG Group from UK and China National Offshore Oil Corporation (CNOOC) signed Heads of Agreement (HOA) about the Queensland Curtis Liquefied Natural Gas (QCLNG) project. Both companies were already partnering in the QCLNG project, but with the agreed Heads of Agreement, BG Group and CNOOC manage […]
A world leader in natural gas In August 1986, The UK Government established and enlisted in London Stock Exchange British Gas Plc by the privatization of the British Gas Corporation and transfer of the corresponding assets. After spinning off the non strategic activities, Centrica plc. and what is renamed today National Grid plc, British Gas became BG […]
Eni, Total, Kogas and Novatek win exploration blocks On October 30th, Cyprus announced to award four permits out of the second licensing round initiated by the Cyprus Government in February 2012. For this second licensing round, Cyprus offered 12 blocks for auction to oil and gas companies to bid until end of May. From this […]
Harness natural energy resources for human benefit In 1991, the Russian Government published the decree to establish the Langepas Uray Kogalymneft Petroleum Corporation. In 1993, the Langepas Uray Kogalymneft Petroleum Corporation was transformed in open joint stock company under the name of Lukoil Oil Company. Today, Lukoil is listed in London Stock Exchange with the capital dominantly […]
Mellitah Oil and Gas to pre-qualify for Basic and FEED On October 14th, 2012, the joint venture Mellitah Oil and Gas (MOG) between Eni from Italy and the Libyan National Oil Company (NOC) closed the submission period for the pre-qualification of the engineering companies to provide basic design and front end engineering and design (FEED) work […]
Eni discoveries trigger debate on upstream localization In September 2012, the Italian national oil company Eni and its partners, Vitol from The Netherlands and the Ghana National Petroleum Company (GNPC), made the first oil discovery in the Offshore Cape Three Point (OCPT) block in the Tano Basin about 50 kilometers offshore Ghana. The exploration and […]
