reserves
Mzia successful appraisal to justify BG two LNG trains The BG Group (BG) and its partner Ophir Energy (Ophir), both from UK, are pilling up natural gas reserves along their on going appraisal campaign offshore the east coast of Africa to the point to double the size of their liquefied natural gas (LNG) project in […]
BP and CNPC ramped up oil production 10% per year In June 2009, the international oil company BP and the China National Petroleum Company (CNPC or PetroChina) were awarded the technical services contract (TSC) for the giant Rumaila oil field in the south of Iraq, closed to the Kuwait border. BP discovered the Rumaila oil field […]
Canacol, ExxonMobil, Nexen, Shell lead exploration The national oil company Ecopetrol invites international oil companies such as Canacol, ExxonMobil, Nexen, Shell for partnership to explore and develop shale gas in Colombia. Ecopetrol is owned at 88.5% by the Colombian Government while the remaining shares are floated at the Bogota and New York stocks exchanges. After Mexico […]
Committed to one thing above all: Excellence Qatar Petroleum (QP) was established in 1974 as wholly state-owned corporation. As a national oil company (NOC), QP is fully upstream–downstream integrated in order to manage all the phases of the oil and gas industry in Qatar. In that respect Qatar Petroleum directly or through its subsidiaries and joint […]
QP to double and upgrade Ras Laffan Refinery Qatar Petroleum (QP) and its partners, ExxonMobil, Total, Cosmo Oil Company (Cosmo), Idemitsu Kosan Company (Idemitsu), Mitsui & Company (Mitsui) and Marubeni Corporation (Marubeni) are moving on the Ras Laffan Refinery expansion project, also called Ras Laffan Refinery phase 2. Decided in 2003 and commissioned in 2009 […]
Sudan and South Sudan to resume oil export South Sudan holds 75% of the oil reserves lying in the previously unified Sudan, but South Sudan needs to use Sudan refineries and pipelines to export it. When created in created in July 2011 from the scission with the northern part of Sudan, the oil produced in South Sudan continued to be carried out to Port Sudan […]
Reliance and BP in upstream and midstream Alliance On August 7th, 2012, BP and Reliance Industries Ltd (RIL) received from the India Oil Ministry the conditional approval for the production compensation of the declining offshore KG-D6 gas field. This decision was accelerated after three years of discussions in front of the depletion speed the matured […]
CNOOC and Sinopec target Nexen and Talisman assets July 23rd 2012, the Chinese CNOOC Ltd (CNOOC) announced to have signed an Arrangement Agreement with Nexen for the acquisition of the Nexen shares listed in Toronto and New York Stock Exchanges. The aggregate value of the proposed acquisition is approximately $15.1 billion on the top of which […]
