Oil & Gas and Petrochemical
Definition Drilling charter refers to the decision of an operator to lease or hire the drilling rigs instead of using its own ones. The service company renting its drilling rig to an operator is called the charterer. Comments In the past each operating company used to have their own drilling rig for oil and gas […]
Chevron to award FEED for Rosebank FPSO The Rosebank oil and gas field discovery is located on Blocks 213/26 and 213/27, in the Faroe-Shetland Channel, 130 km northwest of the Shetland Islands in 1,115 m of water depth on the Corona Ridge near the UK border. Rosebank is considered to be one of the biggest discoveries […]
Definition Farm-in-Agreement is a contract signed between two companies, the Farmor and the Farmee, where the Farmor is the owner of the acreage and the Farmee is willing to perform the drilling and exploration in the acreage of the Farmor. The Farm-in-Agreement is very similar to the Farm-out-Agreement in the way that in both cases it […]
Statoil and PetroFrontier signed deal on Southern Georgina Basin Statoil ASA (Statoil) from Norway and PetroFrontier Corp. (PetroFrontier) from Canada have signed a binding “Farm-in Agreement” to farm into shale gas PetroFrontier’s four exploration permits (EPs) and two exploration permit applications (EPAs) in the Southern Georgina Basin, Northern Territory, Australia. In this Farm-in-Agreement, Statoil will be the Farmor […]
China and India join forces in Exploration & Production Mr. Sudhir Vasudeva, Chairman and Managing Director (CMD) of the Oil and Natural Gas Corporation Ltd (ONGC) and Mr. Jiang Jiemin, Chairman of China National Petroleum Corporation (CNPC or PetroChina) signed a Memorandum of Understanding (MoU), on June 18, 2012 at New Delhi, India. This MoU signed between ONGC and […]
Definition NBR stands for Nitrile Butadiene Rubber or Acrylonitrile Butadiene Rubber or Buna-N or Perbunan. NBR is a synthetic rubber which belongs to the family of unsaturated copolymers of 2-propenenitrile and various butadiene monomers (1,2-butadiene and 1,3-butadiene) Comments NBR is produced in an emulsion polymerization system. The water, emulsifier/soap, monomers (butadiene and acrylonitrile), radical generating activator, and […]
Sibur to provide Sinopec with patents and technologies China’s top refiner China Petroleum and Chemical Corporation (Sinopec) has signed an agreement with Russian petrochemical Group Sibur to establish a joint venture in Shanghai, China, to produce synthetic rubber. The joint venture will use patents and technologies from Sibur to produce nitrile butadiene rubber (NBR) and isoprene rubber […]
Foster Wheeler, Jacobs, KBR, Mustang and SNC Lavalin signed GES+ contracts with Saudi Aramco Saudi Aramco’s General Engineering Services Plus (GES+) initiative requires that the majority of its engineering services requirements be conducted in the Kingdom of Saudi Arabia in order to enhance the development of training and domestic employment opportunities. With the GES+ initiative, […]
