natural gas
Skrugard and Havis confirm Barents Sea potential Statoil and its partners ENI from Italy and Petoro AS (Petoro), the Norway State-owned company, discovered in Skrugard and Havis reserves going far beyond their expectations. Under the license PL 532, Statoil and its partner share working interests in Skrugard and Havis as following: – Statoil 50% and […]
Definition Petoro AS is a Norway State wholly-owned company in charge of the Norwegian Continental Shelf (NCS) oil and gas assets management Comments Petoro AS (Petoro) is the licensee of the Norwegian State’s Direct Financial Interests (SDFI) representing the assets of the NCS, while Norway as a State is the owner of these assets. Petoro […]
Shell signed with Horsehead for Pennsylvania site In March 2012, Shell signed with Horsehead Corp (Horsehead) a land option agreement on a 300 acre site for its $2.5 billion ethane cracker and petrochemical complex. This Appalachia ethane cracker project is a key milestone in Shell’s strategy to develop an upstream–downstream integrated business model to benefit from […]
YPFB awards Samsung first ammonia and urea plant Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), Bolivia’s state-owned oil company, sent to Samsung Engineering Co., Ltd (Samsung) a notification of award (NOA) for a $843 million fertilizer plant. YPFB is planning to build this fertilizer facility in the city of Entre Rios, in the State of Cochabamba, in Bolivia as part […]
Shell, Nexus and Osaka to speed up Crux development Shell, Nexus Energy Ltd (Nexus) from Australia, and Osaka Gas Corp. Ltd (Osaka) have decided to merge their previous respective interests in Crux gas field into a newly created joint venture. Crux belongs to the offshore block AC/L9 of non-associated gas and is located by 170 meters deep […]
Definition Jacket refers in the oil and gas exploration and production to the steel frame supporting the deck and the topsides in a fixed offshore platform. Comments There are multiple types of offshore platforms depending on the applications and the depth of the water. Most of the platforms are used in the shallow waters of […]
Saudi Aramco and Sabic gives momentum to GES+ Saudi Aramco initiated the concept of General Engineering Services Plus (GES+) initiative in order to enhance the level of competence of the local engineering companies and contractors and to contribute to create more value within Saudi Arabia. Indirectly the General Engineering Services Plus (GES+) is to increase the […]
Definition Consortium refers in the oil and gas and petrochemical industry to a group of individuals or legal entities or a combination of individuals and legal entities which mobilizes their respective resources for the accomplishment of a task going beyond the capabilities of each member of the group. Comments In a consortium, the legal entities […]
