natural gas
CNOOC and Sinopec target Nexen and Talisman assets July 23rd 2012, the Chinese CNOOC Ltd (CNOOC) announced to have signed an Arrangement Agreement with Nexen for the acquisition of the Nexen shares listed in Toronto and New York Stock Exchanges. The aggregate value of the proposed acquisition is approximately $15.1 billion on the top of which […]
Definition Petro Arctic is a Norwegian association to promote the potential suppliers willing to participate to the development and operations of the offshore oil and gas projects in North Norway and the Barents Sea. Comments Petro Arctic was created in 1997 to involve local companies in the Snøhvit LNG project. Since then the mission of Petro […]
OMV to replace ExxonMobil in Aasta Hansteen partnership with Statoil and ConocoPhillips Aasta Hansteen field was previously named Luva and is one of the largest field in the Norwegian Continental Shelf (NCS) with a development planned to cost some $5.6 billion (NOK 34 billion) of capital expenditure. Aasta Hansteen is the start of deepwater development in the Norwegian Sea and […]
Saudi Aramco and Total to go for Aromatics in phase 2 While the joint venture Saudi Aramco Total Refining and Petrochemical Company (Satorp) is completing the construction of the refinery as the first phase of the project to come on stream in 2013, Total and Saudi Aramco are already working on the second phase about petrochemicals in […]
Definition Mixed cracker refers to cracker in the refining process which can treat equally ethane or naphtha Comments The cracker is a master piece of the refining process to produce gasoline, diesel, jet fuel and all the building blocks of the petrochemical industry (ethylene, propylene, butadiene and all their respective derivatives) To feed this cracker, usually a […]
Dow and Saudi Aramco $20 billion Sadara takes shape Sadara Chemical Company (Sadara) is a joint venture between The Dow Chemical Company (Dow) and Saudi Arabian Oil Company (Saudi Aramco). Once complete, Sadara petrochemical complex will be one of the world’s largest integrated chemical complex and the largest ever built in a single phase. The facility […]
OMV and Wintershall to appraise Shuwaihat sour gas and condensate field The Abu Dhabi National Oil Company (ADNOC), signed a Technical Evaluation Agreement (TEA) with OMV Abu Dhabi E&P GmbH (OMV) and Wintershall Middle East GmbH – Abu Dhabi (Wintershall) to appraise the sulfur rich sour gas (H2S and CO2) and condensate field in Shuwaihat. This Agreement is […]
Shell do not revise its offer on Cove Energy against PTT Last February, Shell Exploration and Production B.V.(Shell) had made an offer on to take over Cove Energy (Cove), then the Thai National Oil Company (NOC), PTTEP came into the game with the counter offer. After different bids, both companies maintained their conditions, Shell at $0.220 per share and PTTEP at $0.240 while Coves‘ […]
