Project Feasibility study
Definition FLNG is the acronym of Floating Liquefied Natural Gas and refers to floating production unit of liquefied natural gas (LNG). Floating Liquefied Natural Gas is not the chemical derivative of any form of natural gas, this wording was invented to describe the manufacturing process to produce LNG. Comments At the wellhead, the natural gas is in fact a […]
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 […]
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 […]
BASF and Braskem in partnership for Acrylic Acid plant In May 2011, the German chemical company BASF announced its biggest investment ever in South America with $500 million capital expenditure. BASF is planning to build a world scale chemical complex in Camaçari, in the Bahia Province, Brazil. BASF and Braskem SA (Braskem) signed a strategic […]
Bio-technologies to convert GHG into low carbon fuels The nylon world leader, Invista from Wishita, Kansas, USA, and the bio-technology specialist LanzaTech signed a joint development agreement to convert carbon monoxide waste into butadiene and other chemical feedstocks. The producer of “Lycra” and other famous “Coolmax” fibers, Invista is developing and producing high added value […]
Eni, Vitol and GNPC to develop Ghana offshore gas Eni from Italy, Vitol from Switzerland and the National Oil Company Ghana National Petroleum Corp (GNPC) have signed a Memorandum of Understanding (MOU) to develop the Offshore Cape Three Points (OCTP) Blocks offshore Ghana. This MOU follows the discoveries by Eni and its partners of significant recoverable reserves […]
Qatar to invest $25 billion in petrochemicals until 2020 In February 2012, Qatar Petroleum (QP) and Qatar Petrochemicals Corporation (Qapco) had signed a Heads of Agreement (HOA) to add a $5.5 billion petrochemical complex in Ras Laffan Industrial City, Qatar. In this project QP and Qapco will share interests according to: – Qatar Petroleum 80% – Qapco 20% In Qapco […]
