oil and gas
Definition Turret is the major component of a vessel or any floating production unit (FPSO, FPO) to which the risers coming from the seabed are connected. Turret name refers the rotating function of this large equipment to facilitate the rotation of the vessel according to winds, waves and dominating current while the risers remain connected to a […]
Granherne and Doris complete pre-FEED The GDF Suez Bonaparte is a $3.7 to $4.6 billion Floating LNG project to liquefied the natural gas from the Petrel, Tern and Frigate fields in the Bonaparte Basin, in the Timor Sea, 250 kilometres west of the northern Australian city of Darwin. GDF Suez Bonaparte is a joint venture created in 2009 […]
Definition Greenfield is the common word to describe a new project. By opposition Brownfield refers to project of expansion or revamping or services on an existing facility. Comments Greenfield word is not a quote reserved to the oil and gas and petrochemical industry, but it finds in this sector some fundamental reasons to be used more […]
Jacobs collects awards in Saudi Arabia giant projects In May, Jacobs Engineering Group Inc. (Jacobs) had been awarded the Front End Engineering and Design (FEED) for the $6 billion Ma’aden Phosphate city project. Then in June, Jacobs announced to have won the engineering, procurement and construction management (EPCM) contract for three polyethylene trains for the […]
Definition The Topsides are the surface installations allowing the drilling and/or production and/or processing of offshore hydrocarbons. Comments Normally used as a plural the Topsides comes from the ship building industry to designate all the portion of the ship coming on the top of the hull or above the waterline. Then it applies on the […]
Statoil validated concept for $4 billion Dagny and Eirin oil and gas fields development Partners and actual interests in Dagny are split between: – Statoil 58.5% – ExxonMobil 33% – Total 6.5% – Det norske oljeselskap 2%. The final distribution of ownership interests will be subject to negotiations in the period leading up to […]
$20 billion Petronas RAPID project calls for partners The proposed Petronas Refinery & Petrochemical Integrated Development (RAPID) complex in Pengerang, Johor, Malaysia, is so far the largest liquid-based greenfield downstream undertaken in Malaysia. It will have a 300,000 barrels per day refinery to supply the petrochemical complex, to produce a host of refined petroleum products, including gasoline […]
$350 million to acquire Dubai’s NPS Energy 21 May 2012 – Aker Solutions has agreed to acquire NPS Energy, which is part of oil field services company National Petroleum Services. NPS Energy has a strong presence in the Middle East and North Africa, which combined hold approximately 60 per cent of the world’s proven oil […]
