National Oil Companies
The Texas Railroad Commission (RRC) finds itself at the center of the global policy for balancing the oil production with the current consumption as the only legal authority in US having the power to regulate Texas production. Without an agreement among the US producers in Texas, the global price war with Saudi Arabia and Russia will continue until one of the player is giving up the game. But can the RRC really do it?
New Environment – New Opportunities 2B1st Consulting is very pleased to wish you Happy New Year 2016 from its new Head Office in Chamonix – Mont-Blanc, France. This location is at the core of the European markets and close to Geneva International Airport with numerous direct connections overseas. In 2015 you enjoyed the release of […]
BG, EGAS and EGPC signed $4 billion on WDDM 9b The UK-based BG Group (BG) and its Malaysian partner Petronas signed a Heads of Agreement (HOA) with the national oil companies Egyptian Natural Gas Holding Company (EGAS) and the Egyptian General Petroleum Corporation (EGPC) for the development of the West Delta Deep Marine (WDDM) Phase 9b project. […]
Shell to take advantage from flared gas gathering In January 2015, the international oil company (IOC) Royal Dutch Shell (Shell) and Iraq Government signed a new agreement to prepare ground in Nibras, near Basra, for the largest ever built petrochemical complex in the country in order to monetize the gigantic reserves of flared associated gas […]
Socar and BP award TANAP EPCM to WorleyParsons The State Oil Company of Azerbaijan (Socar), and its partners, BP from UK, the Turkish State-owned company Boru Hatlari Ile Petrol Tasima Anonim Sirketi (Botas), awarded the engineering, procurement and construction management (EPCM) five years contract to the Australian-based engineering company WorleyParsons for the construction of the […]
Giant Pao de Acucar in Block BM-C-33 reaches FEED The giant discovery Pao de Acucar and its adjacent fields, Seat and Gavea, are reaching the front end engineering and design (FEED) stage to develop the prolific Block BM-C-33 pre-salt in the ultra deep water of the Campos Basin offshore Macae, in the State of Rio de […]
BP Rumaila project includes CPS and IPC packages BP and its partnering national oil companies, China National Petroleum Corporation (CNPC or PetroChina), and Iraq State Oil Marketing Organization (SOMO) have called for tenders the Produced Water Re-Injection (PRWI) project to develop the giant Rumaila oil and gas field in the south of Iraq. Approximately 80 […]
KPC to take share in OMPL and OPAL petrochemicals The national oil companies (NOCs) Kuwait Petroleum Corporation (KPC) and the Indian Oil and Natural Gas Corporation (ONGC) are about to sign a memorandum of understanding (MOU) by which the Kuwaiti company should take share in two major petrochemical projects at Mangalore and at Daheij in […]
