Market Leadership
KOC to give priority to onshore exploration During Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Kuwait Oil Company (KOC) announced to have received mandate from Kuwait Petroleum Company (KPC) to increase crude oil production from actual 3 million b/d to 4 million b/d by 2030. Considering the age and the level of maturity of the actual fields in […]
Energizing the World, Bettering People’s Lives. Established in 1932 to explore the Gulf of Mexico, Noble Energy Inc. (Noble) has remained over 80 years an independent oil company bases in Houston, Texas. Focusing on the upstream side of the business, Noble operates onshore and offshore in short selection of oil and gas fields: – DJ basin of […]
Noble to install first Floating LNG in Mediterranean Sea Noble Energy (Noble) and its partners, awarded the front end engineering and design (FEED) contract to Pangea LNG B.V. for a floating production unit of liquefied natural gas (LNG) to be installed on the Tamar gas field, 90 kilometers offshore Israel. Operated by Noble, the Tamar […]
SABIC to ally with two engineering services companies Saudi Arabia Basic Industries Company (SABIC) is moving toward alliance with a short selection of two companies to provide engineering services in similar way to Saudi Aramco General Engineering Services plus (GES+) pre-qualification program. SABIC is preparing a call for tender for engineering services and project management consultancy […]
Zakum Development Company The Zakum Development Company (ZADCO) was established in the Abu Dhabi Emirate, as part of the United Arab Emirates (UAE), in November 1977 to develop and operate the Upper Zakum (UZ) field. At that time ZADCO was a joint venture between: – Abu Dhabi National Oil Company (ADNOC) 88% – Japan Oil Development […]
EIA to adopt North Sea Brent crude oil as benchmark US Government energy agency, the Energy Information Administration (EIA) published in its annual energy out look its decision to replace the historical West Texas Intermediate (WTI) crude oil traded on New York Mercantile Exchange by the European Brent listed on the Inter Continental Exchange (ICE). […]
Vietnam Oil & Gas Group completed preparation work PetroVietnam‘s Chairman , Mr Phung Dinh Thuc confirmed during a visit on the site of the Nghi Son refinery project that the preparation work was completed in October 2012 so that the construction could start in 2013. The Nghi Son Refinery and Petrochemical LLC (NSRP) is a […]
CNOOC and Petronas to acquire Nexen and Progress On December 7th, 2012, Canada Prime Minister John Harper announced the approval for two national oil companies China National Offshore Oil Company (CNOOC) and Petronas from Malaysia to acquire respectively: – Nexen Inc. (Nexen) – Progress Energy Resources Corp. (Progress) For Nexen, CNOOC is ready to pay $15.1 […]
