Offshore technology
To be a world-leading Energy and Chemical Company China Petrochemical Corporation (Sinopec Group) was established in July 1998 on the basis of the former China Petrochemical Corporation. Sinopec Group is a state wholly owned company with Headquartered in Beijing, China and a registered capital of RMB 182 billion ($30 billion). As a state-owned company, Sinopec Group […]
Solvay and Sibur to produce oil field process chemicals The Russian petrochemical company SIBUR and the Belgium chemical group Solvay signed Heads of agreement in London to produce jointly surfactants and oil field process chemicals. According to the agreement, SIBUR and Solvay Novecare will create a 50/50 joint venture called RusPAV. The joint venture RusPAV should […]
Sinopec to take shares in Russia Sibur’s facility On October 2012, China Petroleum and Chemical Corporation (Sinopec) and the Russian company Sibur signed Heads of Agreement to sell to the Chinese company shares of the Krasnoyarsk Synthetic Rubbers Plant JSC (KSRP). Sinopec is the second largest Chinese national oil company after PetroChina (CNPC) and among the Top 10 largest […]
A leading Asian exploration and production company Home based in Bangkok, Thailand, PTT Exploration and Production Public Company Limited (PTTEP) was established in 1985 to provide Thailand with sustainable oil and gas supply in competitive conditions. PTTEP is a national petroleum exploration and production company owned by the state-owned company PTT, but since 1993, PTTEP […]
PTTEP to join ExxonMobil, Total and Pertamina On October 20th, 2012, the Director of the Oil and Gas at the Indonesian Ministry of Energy and Mineral resources confirmed that the Thai national oil company, PTTEP, has been selected to replace the leaving Malaysian Petronas from the partnership. In the competition, to take the seat left by […]
BG to become first supplier of LNG in China BG Group from UK and China National Offshore Oil Corporation (CNOOC) signed Heads of Agreement (HOA) about the Queensland Curtis Liquefied Natural Gas (QCLNG) project. Both companies were already partnering in the QCLNG project, but with the agreed Heads of Agreement, BG Group and CNOOC manage […]
A world leader in natural gas In August 1986, The UK Government established and enlisted in London Stock Exchange British Gas Plc by the privatization of the British Gas Corporation and transfer of the corresponding assets. After spinning off the non strategic activities, Centrica plc. and what is renamed today National Grid plc, British Gas became BG […]
Giant Filanovksi project to open Caspian Sea to Lukoil In October Lukoil organized a welcome reception dedicated to the selected contractors for the Vladimir Filanovsky field development project in the north of the Caspian Sea. With $3.5 billion capital expenditure, the Filanovsky project is strategic for Lukoil as it opens a $22 billion campaign of […]
