recoverable reserves
Shell and Nexen to take experience from Olympus In order to develop the challenging Appomattox oil field in the US Gulf of Mexico, the Royal Dutch Shell (Shell) and its partner Nexen, a wholly owned subsidiary of the China National Offshore Oil Corporation (CNOOC), intends to take the lessons learnt from the Olympus Tension Leg […]
Gazprom and Sibur ink MOU for Belogorsk project The Russian companies Gazprom and Sibur materialized in a memorandum of understanding (MOU) their intention to build a gas processing plant (GPP) and a petrochemical complex at Belogorsk in the Amur Region of the Far East Russia. This project is a consequence of Eastern Gas Program approved […]
Chevron at final stage for Oleska Shale Gas project After Eni and Shell, which signed a production sharing agreement (PSA) respectively in June 2012 and January 2013, Chevron is reaching the final stage to close also a PSA with the State Government and Regional Councils of Lviv and Ivano-Frankivsk to explore and develop the Oleska shale […]
Statoil and Husky to consider FPSO for Flemish Pass The Norwegian national oil company (NOC) Statoil ASA (Statoil) and the Canadian company Husky Energy Inc. (Husky) are accumulating crude oil discoveries in the Flemish Pass basin that could justify a development with a floating production, storage and offloading (FPSO) vessel offshore the Newfoundland and Labrador […]
BP and CNPC prepare Rumaila processing plant bids The UK super major BP and its partners, China National Oil Corporation (CNPC or PetroChina) and the Iraq state-owned State Oil Marketing Organization (SOMO) are currently reviewing the long list of the potential bidders for the Rumaila oil processing plants projects near Basra in the south of […]
Eni, Vitol and GNPC work on Sankofa FPSO project The Italian major company Eni and its partners, the Swiss trading company Vitol and the Ghana National Petroleum Company (GNPC), are working on the technical requirements of the floating production, storage and offloading (FPSO) vessel to be moored in the Offshore Cape Three Points (OCTP) Block […]
Tiung Biru and Jambaran gas fields reach FEED stage The super major ExxonMobil and the national oil company (NOC) Pertamina have agreed to prepare the call for tender for the front end engineering and design (FEED) work to develop the Tiung Biru and Jambaran gas fields at Cepu block across Central Java and East Java […]
USA Key Projects and Business Highlights In June 2013, the US energy agency, Energy Information Administration (EIA) updated its estimation of the shale gas reserves in the world and published its first estimations for the shale oil where USA ranks in the Top 5 countries in both cases. According to the 41 countries analyzed by the EIA, […]
