joint venture
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 […]
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 […]
