pipelines
With Leviathan Noble turns Israel into gas exporter In 2009, Israel’s exploration partner Noble Energy discovered the Tamar field in the Levantine Basin, some 50 miles west of Israel’s port of Haifa and with an estimated 8.3 tcf (trillion cubic feet) of highest-quality natural gas. Tamar was the world’s largest gas discovery in 2009. Then, […]
Saudi Arabia to switch on Power Generation from Gas With oil price running steadily around $100 per barrel, the use of crude oil to feed Power Generation appeared more and more as a luxurious solution. Saudi Aramco launched a vast exploration and production campaign to identify all potential gas fields to substitute oil. As a […]
Gas prices and high costs dictate to rethink Shtokman The foreseen capital expenditure for the Shtokman gas field development came up from first estimated $15 billion to $30-40 billion. This costs escalation is resulting from multiple factors including the combined target to produce 50/50 natural gas and LNG. This goal appeared to have a great impact on […]
Shaw to sell Energy & Chemicals Group (mostly Stone & Webster) to Technip On May 21st, 2012, The Shaw Group Inc (Shaw) and Technip announced to have closed a deal to the US based Energy & Chemicals Division, mostly made of Stone & Webster, to the France headquartered engineering company Technip for approximately $300 million. Under […]
Mad Dog: BP’s second giant field in Gulf of Mexico In September 2011, BP announced the drilling of a successful appraisal well in a previously untested northern segment of the Mad Dog field in the US Gulf of Mexico. The well results confirm a significant resource extension for the Mad Dog Field complex, which includes […]
Total lowers Carbon Footprint with Power from Shore Previously called Hild, the Martin Linge development belongs to Total E&P Norge AS (51%), the operator, Petoro AS (30%) and Statoil Petroleum AS (19%). End of March, the Norwegian Government approved the development plan for the Martin Linge oil and gas field. Total capital expenditure is estimated to $4.2 […]
BP to invest $15 billion to develop Oman tight gas BP’s Khazzan tight gas project in Block 61 is one of the company’s top five upstream projects globally. BP’s Khazzan project is also the first and largest of its kind in the Middle East. In January 2007 BP signed a major exploration and production sharing agreement with […]
After Kitimat LNG, LNG Canada will boost LNG Export Shell Canada Limited, Korea Gas Corporation (KOGAS), Mitsubishi Corporation (MC), and PetroChina Company Limited (PetroChina or CNPC) today announced they are jointly developing a proposed liquefied natural gas (LNG) export facility near Kitimat, British Columbia,Canada. The demand for natural gas, the cleanest burning fossil fuel, remains […]
