Production Sharing Agreement (PSA)
On Friday April 10th, the OPEC members and the non-OPEC oil producing countries, the so-called OPEC+, signed an agreement to cut the crude oil production by 9.7 million barrels per day (b/d).
Total Qatar Al Khalij Phase-4 to optimize oil production The French major Total SA (Total) and its local partner the national oil company (NOC) Qatar Petroleum (QP) are working on the Al Khalij Phase-4 project in considering the optimization along the next decades of the Al Khalij oil field exploration and production offshore Qatar in […]
What are the main reasons for projects cancellation Since the WTI and Brent barrels prices have lost 20 to 25% of their value in a couple of months we assist to a frenzy of publications and speculations on the consequences of this dip on the Oil & Gas and Petrochemical projects that could be cancelled […]
KMG joined KPO partners for KEP1 in Karachaganak 3 Through its national oil company (NOC) KazMunaiGas (KMG) Kazakhstan joined in 2012 the partnering companies BG Group (BG), Eni, Chevron and Lukoil in the Karachaganak Petroleum Operating BV (KPO) joint venture for the Karachaganak Expansion Project (KEP) Stage-1 of the oil and gas field development Karachaganak phase-3 in the northwest […]
Husky to qualify Madura MDA-MBH FPU bidders Calgary-based Husky Energy (Husky) and its partners, the state-owned China National Offshore Oil Corporation (CNOOC) and the independent Singapore-registered Samudra Energy (Samudra) are proceeding to the qualification of the engineering companies and shipyard to be invited to bid (ITB) for the construction of the floating production unit (FPU) […]
Petrobras Shell and Total qualify Libra FPSO bidders The national oil company (NOC) Petroleo Brasileiro SA (Petrobras) and its partners, the majors Royal Dutch Shell (Shell), from The Netherlands, Total from France, and the Chinese champions China National Petroleum Corporation (CNPC or PetroChina) and China National Oil Offshore Corporation (CNOOC) are qualifying the engineering companies and […]
Gazprom and Shell to add third LNG train at Sakhalin II Gazprom and the Royal-Dutch Shell (Shell) met in Sotchi end of February to approve a memorandum of understanding (MOU) defining the roadmap to proceed to the Sakhalin II expansion project with the addition of a third liquefied natural gas (LNG) train at the existing […]
DNO and Genel ready for FID on Block Dohuk project The Norwegian independent company DNO and its partners, a Turkish-based company Genel Energy (Genel) and the local Kurdistan Regional Government (KRG) are preparing the final investment decision (FID) to develop on fast track the Block Dohuk in the north of the Kurdistan Region of Iraq. […]
