Oil news
Definition Unconventional oil and gas refers to the oil and gas resources which cannot be explored, developed and produced by conventional processes just in using the natural pressure of the wells and pumping or compression operations. These unconventional crude oil and natural gas are trapped in the pores of sediments rocks called shale Comments Until the 1990s the […]
Geitungen rises Johan Sverdrup beyond Statoil’s expectations on Utsira High While Statoil and its partners, Maersk, Petoro, Det norske oljeselskap and Lundin, are running intensive discussions to develop the giant Johan Sverdrup fields, the Geitungen discovery confirms all the potential of the still unexplored Utsira High areas within the Norwegian Continental Shelf (NCS). Located 140 kilometers west […]
Qatar Petroleum in JV with Exxon to export US LNG Qatar Petroleum (QP) and ExxonMobil announced to use their joint venture called Golden Pass Products to export liquefied natural gas (LNG) from USA. Created with 70% Qatar Petroleum working interests, the Golden Pass LNG project was constructed as a LNG import terminal. With this LNG import terminal, Qatar was securing […]
Definition Conventional oil and gas refers to petroleum, or crude oil, and raw natural gas extracted from the ground by conventional means and methods. Comments In practice conventional oil and gas, or the term of conventional resources, applies to oil and gas which can be extracted, after the drilling operations, just by the natural pressure […]
Zadco to extend Zirku oil processing and gas treatment The Abu Dhabi company Zakum Development Company Oil Company (Zadco) is a joint venture between the national oil company (NOC) Abu Dhabi National Oil Company (ADNOC) and the international oil companies (IOCs) ExxonMobil and the Japan Oil Development Company (JODCO). Zadco was created in 1977 to […]
Cairn, San Leon, Genel increase footprint in Morocco On the same week, Cairn Energy (Cairn) announced to sign a Farm-in Agreement for offshore exploration and production while San Leon Energy (San Leon) extended its oil shale onshore acreage, both in Morocco. These moves reflects the potential of resources and the momentum taken by Morocco in […]
Definition Oil shale refers to solid hydrocarbon (kerogen) rock resulting from a decomposed organic matter still at solid state, in a sedimentary rock unit. The oil shale may also be called black shale. Oil shale and shale oil must not be confused as they do not mean the same thing since shale oil designates tight oil or tight shale […]
Larsen & Toubro wins Oman PDO Saih Rawl phase 2 >On August 27th 2012, Petroleum Development Oman LLC (PDO) awarded to Larsen & Toubro from India the engineering, procurement and construction (EPC) contract for the Saih Rawl Depletion Compression Phase 2 (SRDC2) project. Nine engineering companies were in competition to win this order of $235 […]
