Petronas
Total and Petronas organize double conceptual studies The french major Total and the Malaysian national oil company Petronas decided to organize parallel conceptual study for the development of the K5 gas field offshore the Sarawak province in southeastern Malaysia. Discovered in 1970, the K5 gas field is located 230 kilometers northwest Bintulu, in 80 meters of […]
TransCanada to connect with Pacific Northwest LNG Petronas from Malaysia and its Calgary based subsidiary, Progress Energy Canada, selected TransCanada to design, build, own and operate (BOO) the Prince Rupert gas transmission project in British Columbia. On December 7th 2012, Canada Prime Minister approved Progress Energy Resources Corp. acquisition by Petronas for the amount of […]
Shell and Technip Samsung Consortium closed deal December 13th, 2012, Shell Gas & Power Developments B.V. (Shell) , Technip and Samsung Heavy Industries (Samsung) signed a Heads of Agreement (HOA) to strengthen their cooperation in the floating liquefaction of natural gas (FLNG) facilities. Since 2009, Technip and Samsung cooperate together on the Shell Prelude FLNG project through their […]
Mozambique Key Projects and Business Highlights In 2012 Mozambique has emerged as a new star in the oil and gas universe with series of major discoveries in the Rovuma Basin, offshore the west coast of Africa. Every month, companies like Anadarko, Eni, Total, Mitsui E&P were announcing successful test wells of natural gas. All the […]
Iraq Key Projects and Business Highligfhts In 2012, Iraq has been the theater of strategic step changes for most of the companies depending on their profile as international oil companies, national oil companies, small and mid-cap oil companies. The national oil companies, such as Gazprom, Lukoil, PetroChina, Petronas, were moving into the active development of […]
CNPC to take $2.2 billion stake in Encana Duvernay The China National Petroleum Company (CNPC or PetroChina) speeds up acquisitions of interests in Canada with the $2.2 billion offered to the local Encana for stake in the Duvernay oil sand project. According to the deal reached between the parties, PetroChina will take, through its wholly-owned subsidiary […]
CNOOC and Petronas to acquire Nexen and Progress On December 7th, 2012, Canada Prime Minister John Harper announced the approval for two national oil companies China National Offshore Oil Company (CNOOC) and Petronas from Malaysia to acquire respectively: – Nexen Inc. (Nexen) – Progress Energy Resources Corp. (Progress) For Nexen, CNOOC is ready to pay $15.1 […]
Reaching new frontiers Sasol was established in Sasolburg in South Africa in 1950 to develop on industrial basis the Coal-To-Liquids (CTL) technology as this country is rich of coal and many other resources but holds limited oil and gas conventional fields. Sasol started up the first CTL plant in 1955 to produce synthetic fuels and chemicals. […]
