operations
ExxonMobil and partners to invest $14 billion by 2017 ExxonMobil, Chevron, Suncor Energy (Suncor), Statoil and Nalcor Energy Oil and Gas (Nalcor) made the final investment decision (FID) to develop the Hebron offshore oil field project in Canada. The Hebron oil field is located offshore the Newfoundland and Labrador on Canada East Coast, in the […]
After Logika, Air Liquide takes over Lentechgas November 2012, Air Liquide completes the acquisition of Lentechgas, in Saint Petersburg, few months after Logika in Moscow. This decision is part of Air Liquide program to invest $1.3 billion in 10 years in Russia, either for acquisition either for new plants. Air Liquide put a special attention […]
PetroRabigh II and Sadara to double Saudi Aramco petrochemical production The PetroRabigh expansion, or PetroRabigh II, is a joint venture between Saudi Aramco and the Japanese Sumitomo Chemical while the greenfield project Sadara actually under construction is a joint venture with Dow Chemicals. But the both projects are designed to almost double Aramco’s chemicals manufacturing […]
Philadelphia Refinery to rely on Marcellus shale gas Last year Sunoco Inc (Sunoco) had announced to close the Philadelphia refinery in Pennsylvania, USA, on summer 2012 if no buyer could be found in the meantime. But the development of the shale gas in USA much faster than expected and in very competitive conditions offers a […]
Definition Mild Hydrocracking or MHC is referring to the refining process designed to performs a partial hydrocracking only. In the mild hydrocracking only about 20-60% at ~ 50-85 bar of the feedstock crude oil is cracked. Comments The objective of the Mild Hydrocracking process is to convert 20-60% of the vacuum gas oil at 343°C to […]
Petronas to pay $5.3 billion Progress Energy Resources The Malaysian NOC Petronas and the Canadian Progress Energy Resources (Progress) have signed an agreement for a friendly takeover of Progress by Petronas. The integration will be done through Petronas Canada to remain based in Calgary, Alberta, for upstream with commercial office in Vancouver,BC, for LNG. The […]
Definition Regasification is the physical process by which liquefied natural gas (LNG) is heated to be returned into its gaseous state. Comments The natural gas is liquefied to facilitate its transportation as its volume reduces by 600 times from its gaseous state. To be liquefied, the natural gas needs to be cooled down to -161 degrees Celsius to condensate […]
PetroChina to secure its oil supply chain from Athabasca Fort McMurray to Kitimat, BC Step by step the China National Petroleum Company (CNPC or PetroChina), is putting in place all the pieces of its upstream puzzle from Athabasca, Alberta oil sands fields to Kitimat, BC. In 2011, PetroChina payed $1.9 billion capital expenditure to Athabasca Oil […]
