joint venture
Definition Petoro AS is a Norway State wholly-owned company in charge of the Norwegian Continental Shelf (NCS) oil and gas assets management Comments Petoro AS (Petoro) is the licensee of the Norwegian State’s Direct Financial Interests (SDFI) representing the assets of the NCS, while Norway as a State is the owner of these assets. Petoro […]
BASF and Sinopec signed MOU for INA facility in China BASF and China Petroleum & Chemical Corporation (Sinopec) signed in Shenzhen, China, a Memorandum of Understanding (MOU) to start the feasibility study of a new isononanol (INA) facility in Maoming, Guangdong Province, China. With this MOU, BASF and Sinopc intend to extend their actual cooperation […]
Shell, Nexus and Osaka to speed up Crux development Shell, Nexus Energy Ltd (Nexus) from Australia, and Osaka Gas Corp. Ltd (Osaka) have decided to merge their previous respective interests in Crux gas field into a newly created joint venture. Crux belongs to the offshore block AC/L9 of non-associated gas and is located by 170 meters deep […]
Ibn Sina to move ahead in high performance chemicals Saudi Basic Industries Corp (Sabic) and its partners in Ibn Sina joint venture, Celanese Corp (Celanese) and Duke Energy Corp., have decided to reactivated the Polyacetal (POM) project in Al Jubail Industrial City, Saudi Arabia. Ibn Sina is the common name of the joint venture called […]
Total to acquire ShaMaran Taza oil field in Kurdistan The Canadian ShaMaran Petroleum Corp (ShaMaran) announced this week to have sold its interests to the French major Total in the Taza oil field in Kurdistan. Last month Total had signed with the US Marathon Oil Company (Marathon) a Farm-in Agreement to acquire 35% of the working interests in the Harir and Safen Blocks in the Kurdistan region, northeast […]
Shah Deniz Consortium secures funding for TAP BP, State Oil Company of Azerbaijan (SOCAR) and Total, the stakeholders of the Shah Deniz Consortium, have committed to provide the founding to joint venture made of EGL Energy (EGL), Statoil and E.ON Ruhrgas for the Trans Adriatic Pipeline project The Trans Adriatic Pipeline (TAP) is a section of […]
CNPC to boost China shale gas through joint ventures China National Petroleum Corp. (CNPC or PetroChina) is to become the spearhead of China‘s new policy to boost its own shale gas exploration and production in multiplying joint ventures and strategic agreements such as with Shell, Gazprom or Sichuan Province. China holds about triple shale gas resources of […]
Laverda to contain 100 million barrels deep offshore WA Woodside Petroleum (Woodside) from Australia and Mitsui Oil Exploration Co, Ltd (Mitsui) have decided to move ahead in the development of the Laverda oil field in respect with the promising conclusions of the last appraisal drilling operations. In Laverda the both partners share working interests so […]
