ogp projects
Definition Turnaround is a planned shutdown of any plant where a large number of activities, in terms of various of discipline have to be executed in a specified / predefined duration. Comments In the Oil & Gas and Petrochemical industry most of the plants are designed and built to last more than 30 years and […]
Fluor wins the Project Management Services Contract Reliance Industries Limited (RIL) is converting a part of the fuel production for export into petrochemical added value products. In that purpose, RIL has awarded a contract to Fluor to provide project management services (PMS) for its refining and petrochemical projects to be executed in Jamnagar, Gujarat, India. Commissioned […]
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 […]
Definition Heavy crude oil and extra heavy crude oil is any type of crude oil which does not flow easily. Physically heavy crude oil have higher viscosity and density or specific gravity with an heavier molecular composition Heavy crude oil has been defined as any liquid petroleum with an API gravity less than 20°. Extra Heavy crude oil have an API gravity […]
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 […]
Definition The Henry hub is the pricing point for the natural gas future and spot contracts traded on the New York Mercantile Exchange (NYMEX). Physically the Henry hub is located in Erath, Louisiana, USA and belongs to the Sabine Pipeline LLC. Comments Future and spot prices set at Henry hub are denominated in $/mbtu (million of British thermal units) and are generally […]
Odebrecht, Petrobras & Braskem to lead Camisea gas field development Brazil has come forward with cash injections aimed at bringing the gas into the international markets and help Peru’s Petrochemical sector development. Odebrecht will lead a consortium of three Brazilian firms plans to spend up to $5 billion capital expenditure instead of the previous $3 billion in the perspective of higher potential for Peru’s […]
Definition “CBM” is the acronym of CoalBed Methane. CBM is a form of natural gas found along with coal seams underground. It is also called as Sweet gas because of lack of hydrogen sulphide in it Comments In a natural gas reservoir, gas is compressed by the pressure in the formation. Expansion of the gas provides […]
