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Investing for the future of Oman The Sultanate of Oman established the Oman Oil Company S.A.O.C. (OOC) in 1992 as the national oil company with the mission to build a prosperous future for Oman regardless country’s direct oil and gas revenues. This mission still guides the Sultanate’s Vision 2020 for its wholly owned Oman Oil […]

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Technip/Shaw Energy and Chemicals to provide PMC The Oman State wholly-owned Oman Oil Company (OOC) and the Abu Dhabi sovereign fund International Petroleum Investment Company (IPIC) have approved the location and the financing for their joint venture Duqm Refinery and Petrochemical Industries Company (DRPIC) project. The joint venture Duqm Refinery and Petrochemical Industries Company (DRPIC) was established in June […]

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Mitsui, Toyo and Unico study $2 billion fertilizer project A Japanese consortium made of Mitsui, Toyo Engineering Corporation (Toyo) and the consulting company Unico International Corporation (Unico) is working on a greenfield $2 billion fertilizer plant in the South of Iraq. This project comes while the:  – Houston-based engineering company KBR is revamping and expanding […]

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Jordan qualified 13 contractors for Red Sea oil terminal In May 2012, Jordan  Ministry of Energy and Mineral resources published the call for tender of the Aqaba Oil Terminal. Among the countries having the highest dependency on foreign energy source, Jordan imports 96% of the country’s energy consumption. Jordan holds some natural gas with the […]

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ExxonMobil steps in liquids-rich Montney shale acreage October 2012, ExxonMobil announced to acquire the Canadian company Celtic Exploration (Celtic) for the amount of $3.15 billion. ExxonMobil has already a strong presence in Canada since the 1940s in beginning with offshore exploration and production  in Nova Scotia with the Sable project and in Newfoundland with Hibernia project. […]

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In Business to Deliver Headquartered in Calgary, Alberta, Canada, and listed at the Toronto Stock Exchange and NYSE, TransCanada is a leader in energy infrastructures in North America.  With more than 60 years of experience and 4,200 employees, TransCanada is active in two types of business, pipelines and energy. In midstream activities, TransCanada builds its […]

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Majors work on alternatives to export North Slope gas  In October 2012, the major companies operating in Alaska, ExxonMobil, ConocoPhillips, BP and TransCanada submitted to the Alaska administration their first report for an Alaska liquefied natural gas (LNG) export project. Estimated to cost $45 billion to $65 billion capital expenditure, Alaska LNG should be one of […]

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