offshore
The independent Texas-based company Next Decade LLC (NextDecade) started the pre-filling process in view to obtain the Federal Energy Regulatory (FERC) approval for its liquefied natural gas (LNG) Rio Grande LNG export terminal project to be located at the Port of Brownsville on the Texas Gulf Coast, at the boarder between Mexico and USA. NextDecade […]
A pool of international and national oil companies (IOCs) and (NOCs) involving BP, Eni, Equinor, Occidental Petroleum (Oxy), Shell, Total and Lotte Chemical are mobilizing their competences and financial capacities to develop a large scale carbon capture usage and sequestration (CCUS) named BP Net Zero Teesside Blue Hydrogen at one of the largest industrial area […]
The Netherlands’ independent green fuel company, SwitcH2, and the independent floating production storage and offloading (FPSO) vessel engineer and operator, BW Offshore, are considering developing the SwitcH2 NH3 OFFSET FPSO Green Ammonia, a green ammonia floating production unit. The Dutch government plans to reduce by 2030 its carbon dioxide (CO2) emissions by 45% compared to […]
Shell HI OML 144 platforms is on its way to first oil. The international oil company (IOC) Shell and the Nigerian independent company Sunlink Petroleum Limited (Sunlink) are willing to proceed on fast-track to develop shallow water HI offshore project in Nigeria.Located in the OML 144 Block, the gas field HI is estimated to hold: […]
The LNG eldorado of Yamal Gydan Peninsula Novatek has huge reserves on the Gydan peninsula, namely the Geofizicheskoye and Utrenneye fields, which combined hold some 7 billion barrels of oil equivalent (boe) of C1+C2 reserves, which is comparable to those of South Tambeyskoye field, the base for Yamal-LNG. The Geofizicheskoye and Utrenneye fields may generate […]
Back in April, Japan published a report announcing the discovery of huge reserves of rare earth close to the Minamitori Island, 1800km away from Tokyo. Scientists discovered 16 million tons of rare earth elements encapsulated in mud 6000 meters underwater, enough to supply the national electronic industry and the world consumption for at least 400 years.
Did you see the Oil & Gas and Petrochemical Market Shift and Upturn?
The volume of Oil & Gas and Petrochemical engineering, procurement and construction (EPC) contracts awarded in 2018 is about to double compared with 2017 as a consequence of the market shift from the international oil companies (IOCs) to the national oil companies (NOCs) and independent companies.
