Kazakhstan

BG and Eni prepare Karachaganak Expansion Project Stage-1

KMG joined KPO partners for KEP1 in Karachaganak 3 Through its national oil company (NOC) KazMunaiGas (KMG) Kazakhstan joined in 2012 the partnering companies BG Group (BG), Eni, Chevron and Lukoil in the Karachaganak Petroleum Operating BV (KPO) joint venture for the Karachaganak Expansion Project (KEP) Stage-1 of the oil and gas field development Karachaganak phase-3 in the northwest …

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Chevron and KMG align offers on Kazakhstan Future Growth Project

Fluor and WorleyParsons designed Tengiz Expansion The California-based international oil company (IOC) Chevron Corporation (Chevron) and its partners, the Kazakh national oil company (NOC) KazMuniaGas (KMG), the global leader ExxonMobil and the Russia company LukArco (Lukoil) are closely reviewing the offers of the engineering companies to award the engineering, procurement and construction (EPC) contract for …

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One Day – One Country: China

China Key Projects and Business Highlights  While the Chinese national oil companies (NOCs) China National Petroleum Corporation (CNPC or PetroChina), Sinopec, and China National Offshore Oil Corporation (CNOOC) explore the world to find new oil and gas resources, the foreign companies such as Air Liquide, Basf, Dow Chemical, ExxonMobil, Huntsman, Lanxess, Shell, Total, invest in China in all kinds of …

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KOGAS to move ahead with Akkas gas field development in Western Iraq

Daewoo Engineering wins Akkas Gas processing plant The South Korean Gas Corporation (KOGAS) and the local Iraq National Oil Company (INOC) have awarded to Daewoo Engineering, & Construction Corporation (Daewoo Engineering) also from South-Korea, the engineering, procurement and procurement (EPC) contract for the gas central processing facility (CPF) of the Akkas gas field in the western of …

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RiCoal to build world-scale Coal-To-Olefin complex in Russia

RiCoal selected Rostov for its Petrochemical complex The Russian joint venture RiCoal Chemical Coal Plant (RiCoal) is planning to build a world-scale Coal-to-Olefin and petrochemical complex in Rostov-on-Don in the south of Russia. Estimated to require $2.5 billion capital expenditure, RiCoal selected Rostov-on-Don location because of available coal and natural gas available in the region and …

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CNPC and KMZ to double crude oil pipeline from Kazakhstan to China

PetroChina to complete FEED by end of June 2013 The joint venture between the national oil companies China National Petroleum Corporation (CNPC or PetroChina) and the local KazMunaiGas (KMZ) is working on a second crude oil export pipeline from Kazakhstan to China. As the existing pipeline, the new one would connect Atyrau on the coast …

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Chevron to increase local content for Tengiz Future Growth Project

Fluor and WorleyParsons in JV with KING and KGNT In May 2012, TengizChevrOil (TCO), the joint venture between Chevron, ExxonMobil, KazMunaiGas (KMG) and LukArco (Lukoil), awarded a first FEED and EPCM contract to a Fluor-led joint venture with WorleyParsons and Kazakh companies KING and KGNT for the Wellhead Pressure Management package of the Tengiz Future …

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World Bank and EBRD call to cut global gas flaring by 30% in 2017

World Bank and European Bank for Reconstruction & Development to provide funding to reduce flared gas The World Bank and the European Bank for Reconstruction and Development (EBRD) are calling the oil companies and the producing countries to cut the gas flaring by 30% in the next five years. According to 2011 estimations, about 140 …

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Eni, Vitol and GNPC signed MOU to develop OCTP Blocks

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 …

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