joint venture
OMV to replace RWE in Lundin’s Edvard Grieg project In October 2012, the Austrian-based OMV took over the 20% share held so far by the German RWE in the Edvard Grieg offshore project just after that Statoil had acquired 15% from Wintershall in the same project. Previously called Luna, the Edvard Grieg project is led […]
ExxonMobil steps in liquids-rich Montney shale acreage October 2012, ExxonMobil announced to acquire the Canadian company Celtic Exploration (Celtic) for the amount of $3.15 billion. ExxonMobil has already a strong presence in Canada since the 1940s in beginning with offshore exploration and production in Nova Scotia with the Sable project and in Newfoundland with Hibernia project. […]
In Business to Deliver Headquartered in Calgary, Alberta, Canada, and listed at the Toronto Stock Exchange and NYSE, TransCanada is a leader in energy infrastructures in North America. With more than 60 years of experience and 4,200 employees, TransCanada is active in two types of business, pipelines and energy. In midstream activities, TransCanada builds its […]
Majors work on alternatives to export North Slope gas In October 2012, the major companies operating in Alaska, ExxonMobil, ConocoPhillips, BP and TransCanada submitted to the Alaska administration their first report for an Alaska liquefied natural gas (LNG) export project. Estimated to cost $45 billion to $65 billion capital expenditure, Alaska LNG should be one of […]
Waha Oil partners to revive Sirte basin production Waha Oil Company’s partners ConocoPhillips, Marathon Oil, Hess Corporation and the local National Oil Company are preparing large exploration production program to revive the oil and gas production in Libya. Within the Sirte basin, the Waha concession covers 13 million acres and includes three major projects : […]
Integration and Excellence are our path to Globality Kuwait National Petroleum Company KNPC was established in October 1960 to develop the downstream sector in Kuwait. Created as a joint venture between the government and the private sector, the State of Kuwait acquired the whole ownership of KNPC in 1975. In parallel, The Kuwait Government compensated […]
Oman prepare series of projects for PTA,PET and PIA The national oil company Oman Oil Company (OOC) and its 92% subsidiary Takamul Investment Company (Takamul) presented a program of new projects covering the petrochemicals, metals and mining sectors. OOC, as a wholly-owned company by the Government of the Sultanate of Oman is investing in the […]
Creative hybrid chemistry for a better tomorrow Registered in Tokyo and listed in Tokyo Stock Exchange, Japan, Sumitomo Chemical Company Limited (Sumitomo Chemical) was established in 1913 to solve environmental issues. The smelting operations in the copper industry was emitting quantity of sulfur dioxide. Sumitomo Chemical was created to transform and monetise this sulfur dioxide […]
