joint venture
Larsen & Toubro wins Oman PDO Saih Rawl phase 2 >On August 27th 2012, Petroleum Development Oman LLC (PDO) awarded to Larsen & Toubro from India the engineering, procurement and construction (EPC) contract for the Saih Rawl Depletion Compression Phase 2 (SRDC2) project. Nine engineering companies were in competition to win this order of $235 […]
Bio-technologies to convert GHG into low carbon fuels The nylon world leader, Invista from Wishita, Kansas, USA, and the bio-technology specialist LanzaTech signed a joint development agreement to convert carbon monoxide waste into butadiene and other chemical feedstocks. The producer of “Lycra” and other famous “Coolmax” fibers, Invista is developing and producing high added value […]
Eni, Vitol and GNPC to develop Ghana offshore gas Eni from Italy, Vitol from Switzerland and the National Oil Company Ghana National Petroleum Corp (GNPC) have signed a Memorandum of Understanding (MOU) to develop the Offshore Cape Three Points (OCTP) Blocks offshore Ghana. This MOU follows the discoveries by Eni and its partners of significant recoverable reserves […]
Anadarko sold 7.2% Lucius stakes to welcome Inpex Anadarko Petroleum Corp. (Anadarko), formaly Kerr-Mc Gee, and its partners, Apache, Eni, ExxonMobil, Petrobras and Plains Exploration & Production (PXP), had sanctioned the development of the Lucius project in December 2011. In July 2012, Anadarko sold 7.2% of its interests in Lucius to Teikoku Oil, a wholly owned Inpex […]
After Eni, Talisman and Total, Sonatrach eyes on ExxonMobil and Shell After signing contracts with ENI from Italy, Talisman Energy (Talisman) and Total from France, Sonatrach is willing to attract ExxonMobil and Shell for the exploration and production of unconventional gas, shale gas and tight gas, in Algeria. According to recent studies performed by Sonatrach, […]
Definition Heads of Agreement (HOA) refers to the first document signed between parties in the perspective to go for a fully bidding contract. Heads of Agreement may also be called Shake hands Agreement and is different from Memorandum of Understanding (MOU). Comments Parties willing to close a bidding agreement or contract are aware that such a process […]
Qatar to invest $25 billion in petrochemicals until 2020 In February 2012, Qatar Petroleum (QP) and Qatar Petrochemicals Corporation (Qapco) had signed a Heads of Agreement (HOA) to add a $5.5 billion petrochemical complex in Ras Laffan Industrial City, Qatar. In this project QP and Qapco will share interests according to: – Qatar Petroleum 80% – Qapco 20% In Qapco […]
Skrugard and Havis confirm Barents Sea potential Statoil and its partners ENI from Italy and Petoro AS (Petoro), the Norway State-owned company, discovered in Skrugard and Havis reserves going far beyond their expectations. Under the license PL 532, Statoil and its partner share working interests in Skrugard and Havis as following: – Statoil 50% and […]
