offshore
$1.5 billion Dorra offshore packages for bid next quarter The Dorra gas field is located in the so called Divided Zone between Saudi Arabia and Kuwait. According to the agreement signed in 1965 between the two countries, this Divided Zone results from the ex Neutral Zone, 300 km Northeast Dammam in Saudi Arabia and 130 […]
Indonesia Abadi fLNG to learn from Australia Prelude In one way, INPEX Corporation Ltd acquired 17.5% participating interest in the Prelude Floating LNG (FLNG) Project from Shell Development (Australia) proprietary Ltd in order to get the experience to develop the Abadi LNG Project in Masela Block. In the other way, Shell in December 2011 acquired […]
Petronas and Murphy Oil go for FEED on Sarawak fLNG In June, Petronas from Malaysia will qualify only two consortia out of the four pre-qualified groups that have responded to a Call for Tender for a 1.5 million t/y floating liquefied natural gas (fLNG) vessel. The Sarawak fLNG project is to go for exploration & […]
A good option for ExxonMobil/BHP and Woodside ExxonMobil‘s affiliate Esso Australia Resources Pty Ltd is the operator of the Scarborough gas field, a 50/50 joint venture with BHP Billiton. The Scarborough field is one of the most remote of the Carnarvon Basin gas resources and the development remains challenging due to location in 900 metres […]
Shell proposes $1.8 billion cash to acquire Cove Since Shell and PTTEP from Thailand were competing to take over Cove Energy (Cove), Shell had made a first offer based on $0.195 per share, representing $1.57 billion capital expenditure for the acquisition. Then PTTEP submitted a $1.78 billion cash counter offer valued on $0.220 per share. Then Shell came back with a proposal based on $1.8 […]
MoU for 1 million t/y Paraxylene extension in Yeosu Showa Shell Sekiyu K. K. (Showa Shell) from Japan, GS Caltex from South Korea, and Taiyo Oil from Japan signed a Memorandum of Understanding (MoU) for new Paraxylene (PX) project at GS Caltex Petrochemical complex in Yeosu, South Korea. In the downstream of its refinery, GS […]
After ExxonMobil and ENI, Rosneft extends its domino strategy to Statoil Rosneft and Statoil signed a cooperation agreement to jointly explore offshore and onshore fields in the Russian sections The cooperation agreement also provides Rosneft with an opportunity to acquire interests in selected Statoil exploration licences and assets in the North Sea as well as […]
Toyo and SOG create TS Participações S.A. Last month MODEC TOYO Offshore Production Systems Pte. Ltd. (MTOPS), a joint company created by Toyo Engineering Corporation (Toyo) and MODEC, Inc. (MODEC) established in Singapore, has been awarded a EPC contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system from Dutch company of Cernambi Sul MV24 […]
