offshore
Definition PSC is the acronym of Production Sharing Contract. PSA may also be used to refer to Production Sharing Agreement Comments PSC is an agreement between the parties to a well and a host country regarding the percentage of oil and gas production each party will receive after the participating parties have recovered a specified amount […]
$50 billion estimated to develop giant Mamba gas field In October 2011, the Italian National oil Company ENI announced a first giant discovery with the successful well appraisal in Namba South 1 within ENI’s concession Area 4, offshore Mozambique in the Rovuma Basin. The Manba South 1 field is located in 1,585 meters depth, 40 […]
Definition CPF is the acronym of Central Processing Facility. Comments In the industry CPF may refers to any kind of manufacturing process as soon as it belongs to the core of the transformation of the facility. In the Oil and Gas industry, CPF belongs to the upstream activity to described the production unit performing the […]
CB&I to broaden energy portfolio from LNG to Nuclear July 30th, 2012, CB&I and The Shaw Group (Shaw) announced to have closed a deal by which CB&I will acquire The Shaw Group. Shaw is a 25 years old engineering and services company well established as global provider of: Engineering and construction – Technology – Fabrication […]
Eleven companies bidding on Ioannina, Gulf of Patras and Katakolon fields on western Greece In March 2012, Greece has launched an “open-door” bid round for three acreages in Western Greece in order to help restoring its economy. By “open door”, Greece wanted to send the message to foreign companies to be welcome to bid. While modest […]
Definition Pipelay Vessel or Pipe Laying Vessel refers to the vessel used by the offshore oil and gas industry to install subsea all the connecting infrastructures such as pipelines, umbilicals or electrical cables Comments These subsea infrastructures may be installed to connect floating units on the surface to the seabed, or from shore to floating […]
Technip and WorleyParsons completed the FEED Chevron had awarded the front end engineering and design (FEED) for the development of Gengalo – Gehem project to: – Technip Jakarta office in Indonesia and Houston office in Texas, USA, for the two large Floating Production Units (FPU) package – Worley Parsons Indonesia for the Subsea and Flowline system package. From these FEED performed by Technip and WorleyParsons, the packages are estimated […]
New players to bid against BP, ExxonMobil, Shell and Total With the onshore concessions expiring in 2014 and the offshore ones coming up in 2018, Abu Dhabi, in the UAE, is to rewrite the terms of its producing fields and offer up fresh prospects. The first oil concessions covering all the Abu Dhabi territory were awarded […]
