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Noble and Union Fenosa Gas signed Tamar gas supply The Texas-based companies Noble Energy (Noble) and Isramco Negev and their Israeli partners Delek Drilling, Avner Oil Exploration (Avner) and Dor Gas Exploration ( Dor Gas) signed a non-bidding letter of intend (LOI) with Union Fenosa Gas SA (UFG), the joint venture between Gas Natural from […]

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USA Key Projects and Business Highlights In June 2013, the US energy agency, Energy Information Administration (EIA) updated its estimation of the shale gas reserves in the world and published its first estimations for the shale oil where USA ranks in the Top 5 countries in both cases. According to the 41 countries analyzed by the EIA, […]

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Sabic and MRC to build the world largest MMA plant The Saudi Basic Industries Corporation (Sabic) and the Mitsubishi Rayon Company (MRC) are preparing the call for tender for two chemical facilities to be added in Sabic al-Jubail existing chemical plant. In August 2009, Sabic and Mitsubishi Rayon had signed a letter of intend (LOI) to prepare […]

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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 […]

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Iraq and Chevron Phillips signed a Letter of Intent Iraq and Chevron Phillips Chemical Corp, a joint venture of Chevron Corp and ConocoPhillips, signed a letter of intent to perform a project feasibility study of developing a petrochemical plant in the country. The company would examine building a new facility and upgrading an existing Iraq-owned petrochemicals […]

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Definition Long lead item refers to the equipment, product or system that is identified at the earliest stage of a project to have a delivery time long enough to affect directly the overall lead time of the project. Comments The long lead items are common in the oil & gas and petrochemical industry because of […]

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