joint venture
To be “Leading Oil and Gas Multinational of Choice” Petroliam Nasional Berhad (Petronas) was established in 1974 as the national oil company (NOC) of Malaysia. As a Malaysian Government wholly-owned company, Petronas has fully integrated oil and gas operations in a broad spectrum of the oil and gas upstream–midstream–downstream value-chain. Upstream, Petronas’s activities include the exploration, development and […]
Versalis joins Basf, Itochu and PTT to partner in Rapid Petroliam Nasional Berhad (Petronas) completed in September a joint venture with the Italian company Versalis, the chemical branch of Eni for the refinery and petrochemical integrated development (RAPID) project in Pengerang, Johor, Malaysia. With this partnership, Petronas and Versalis will design, develop and construct the elastomers […]
Total and JX NOEX acquire stake in Myanmar M-11 PTT Exploration and Production (PTTEP), the national oil company in Thailand, Total from France and JX Nippon Oil & Gas Exploration (JX NOEX) from Japan, decided to join hands into a partnership to further explore and develop the offshore Myanmar oil and gas fields in the […]
Ukraine selects Exxon-Shell-OMV-Nadra for Skifska The consortium let by the international oil companies (IOCs) ExxonMobil and Shell with the contribution of OMV Petrom (OMV) from Romania and the Ukraine National Oil Company Nadra Ukrainy has been selected by the Ukraine Government to develop the Skifska natural gas field in the Ukraine continental shelf of the Black […]
Reliance and BP in upstream and midstream Alliance On August 7th, 2012, BP and Reliance Industries Ltd (RIL) received from the India Oil Ministry the conditional approval for the production compensation of the declining offshore KG-D6 gas field. This decision was accelerated after three years of discussions in front of the depletion speed the matured […]
Shell ramps up upstream activities toward Turkey 2023 In November 2011, Shell and Turkish Petroleum Corporation (TPAO) signed a joint operating agreement to initiate exploration and production onshore and offshore Turkey oil and gas fields. In this agreement Shell and TPAO are considering the development of conventional and unconventional resources. Focusing originally on the Mediterranean […]
Powering Possibilities The Saudi Arabian Oil Company (Saudi Aramco), the state-owned oil company of the Kingdom of Saudi Arabia is headquartered in Dhahran. Saudi Aramco ranks first among oil companies worldwide in terms of: – Crude oil production and exports – Natural gas liquids (NGL) exports, and are among the leading producers of natural gas. As […]
Saudi Aramco to award Clean Fuel project at year end In April 2011, Saudi Aramco had selected Foster Wheeler and A. Al-Saihati, A. Fattani & O. Al-Othman Consulting Engineering Co., (SOFCON) for the Front End Engineering and Design (FEED) of the Riyadh Refinery Clean Transportation Fuel project. In parallel of the FEED contract, Foster Wheeler and SOFCON had been awarded the Project […]
