joint venture
ExxonMobil to boost oil sand production in Canada Through Imperial Oil Ltd (Imperial Oil), ExxonMobil is planning to double upstream production capacity in Canada in the period 2010 – 2020 supported by $30 to $40 billion capital expenditure. Imperial Oil is an ExxonMobil company based in Calgary and operating oil and gas production, refining and petrochemical […]
Eleven companies bidding on Ioannina, Gulf of Patras and Katakolon fields on western Greece In March 2012, Greece has launched an “open-door” bid round for three acreages in Western Greece in order to help restoring its economy. By “open door”, Greece wanted to send the message to foreign companies to be welcome to bid. While modest […]
Technip and WorleyParsons completed the FEED Chevron had awarded the front end engineering and design (FEED) for the development of Gengalo – Gehem project to: – Technip Jakarta office in Indonesia and Houston office in Texas, USA, for the two large Floating Production Units (FPU) package – Worley Parsons Indonesia for the Subsea and Flowline system package. From these FEED performed by Technip and WorleyParsons, the packages are estimated […]
$8.9 billion petrochemical projects awarded on H1-2012 Middle-East countries and especially Saudi Arabia have been extremely active on the Downstream sector during the first half 2012 in awarding $8.9 billion worth of petrochemical projects. Compared with last year this amount of capital expenditure represents 88% increase as only $1 billion had been awarded on the […]
Qatar Petroleum holds 10% of $3 billion Arzew project Since Total and Sonatrach had announced the giant Arzew petrochemical complex, the project had to be put on hold by the lack of ethane as feedstock to supply the cracker. This ethane should come from the Hassi R’meil natural gas fields, but transportation along the 500km to […]
New players to bid against BP, ExxonMobil, Shell and Total With the onshore concessions expiring in 2014 and the offshore ones coming up in 2018, Abu Dhabi, in the UAE, is to rewrite the terms of its producing fields and offer up fresh prospects. The first oil concessions covering all the Abu Dhabi territory were awarded […]
CNOOC and Sinopec target Nexen and Talisman assets July 23rd 2012, the Chinese CNOOC Ltd (CNOOC) announced to have signed an Arrangement Agreement with Nexen for the acquisition of the Nexen shares listed in Toronto and New York Stock Exchanges. The aggregate value of the proposed acquisition is approximately $15.1 billion on the top of which […]
Definition Petro Arctic is a Norwegian association to promote the potential suppliers willing to participate to the development and operations of the offshore oil and gas projects in North Norway and the Barents Sea. Comments Petro Arctic was created in 1997 to involve local companies in the Snøhvit LNG project. Since then the mission of Petro […]
