Midstream
BP to sell Carson refinery to Tesoro; Sunray and Hemphill gas processing facilities to Eagle Rock BP continues to implement its $38 billion divestment plan of non strategic assets by the end of 2013 in signing two spin off agreements with Tesoro Corporation (Tesoro) and Eagle Rock Energy (Eagle Rock) partners. These agreements cover: – Downstream assets with […]
Definition Conceptual Study stands in the oil and gas and petrochemical industry at the very early stage of a greenfield project to identify all the possibilities and conditions to develop this project. Comments During the conceptual study, the engineers will: – Investigate the multiple technologies to be used – Evaluate the costs of each solution, especially […]
Shah Deniz Consortium secures funding for TAP BP, State Oil Company of Azerbaijan (SOCAR) and Total, the stakeholders of the Shah Deniz Consortium, have committed to provide the founding to joint venture made of EGL Energy (EGL), Statoil and E.ON Ruhrgas for the Trans Adriatic Pipeline project The Trans Adriatic Pipeline (TAP) is a section of […]
Chevron to acquire Rovi and Sarta in Iraqi Kurdistan Following ExxonMobil to move first in Kurdistan in signing six oil field development licenses in November 2011, Chevron is also entering Kurdistan, in the northeastern Iraq, in dealing with Reliance Industries Limited (Reliance) from India. According to the contract signed between parties, Chevron will acquire the […]
Statoil’s withdrawal opens door to Gazprom for new partnership with other Majors Since Gazprom, Total and Statoil could not make the final investment decision (FID) in June 30th on Shtokman despite $1.5 billion capital expenditure already spent in the project, some major changes were expected in the project. Statoil‘s decision to withdraw from the project, […]
GDF Suez, Centrica and Bayerngas sanction Cygnus development GDF Suez and its partners Centrica and Bayerngas awarded the detailed design contract to AMEC for the development of the Cygnus natural gas field in the UK continental shelf in the southern North Sea. Cygnus was discovered in 1988 in the blocks 44/12a and 44/11a. Then several appraisal […]
Gulf Coast to connect Cushing, OK, to Nederland, TX. TransCanada will build and operate the Gulf Coast oil pipeline project to connect Cushing, Oklahoma to Nederland in Texas. This crude oil pipeline is 780 km (485 miles) long and 36 inch large to transport 700,000 b/d of crude oil. This capacity may be expanded to […]
Adma-Opco to award $1.1 billion process packages at year end The Umm al Lulu and Satah al Rasboot (Sarb) offshore oil and gas fields are part of Abu Dhabi National Oil Company’s (ADNOC) program to boost its oil production in order to meet its 1.75 million b/d quota targeted within OPEC on 2017. As offshore […]
