proven and probable reserves (2P)
Petroceltic to prepare FEED on Ain Tsila development The Irish junior company Petroceltic International plc (Petroceltic) and its partners, the Algerian national oil company (NOC) Sonatrach and the Italian utility Enel, are preparing to move into the front end engineering and design (FEED) phase of the Ain Tsila discovery within the Isarene gas and condensate […]
Sunbird mulls over FPSO for Ibhubesi Phase-1 The Australian company Sunbird Energy (Sunbird) and its local partner, the national oil company (NOC) PetroSA, are considering to use a floating production, storage and offloading (FPSO) vessel to develop the Ibhubesi gas field offshore the west coast of South Africa. Discovered in 1981 by Forest Oil Corporation […]
GDF-Suez and Sonatrach to invest $3 billion in Touat The Algerian national company Sonatrach and the France-based utility and energy group GDF-Suez selected the Spanish engineering company Tecnicas Reunidas to execute the engineering, procurement, construction and commissioning (EPCC) contract for the development of the giant Touat gas field in southwestern Algeria. In the Touat project, […]
British Columbia LNG project in design competition The Malaysia national oil company Petronas and its partner Japan Petroleum Exploration Corporation Ltd (Japex) are opening a design competition for the greenfield Pacific Northwest LNG project in British Columbia, Canada. This decision came out after the completion of the acquisition of the Canadian company Progress Energy Resources […]
Technip and JGC win Yamal LNG EPC contract The Russian Novatek and the international oil company (IOC) Total from France have selected, through their joint venture JSC Yamal LNG, the consortium made of Technip from France and JGC from Japan to build the liquefied natural gas (LNG) plant of their Yamal project. Located onshore, in […]
Total and Oil Search build reserves for Coral Sea LNG On October 9th 2012, the french major Total and the Australian – Papua New Guinea junior Oil Search Limited (Oil Search) signed a Farm-in agreement on five natural gas onshore and offshore blocks around the Gulf of Papua. This deal came as the conclusion 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 […]
