Russia
From UK to Turkey all Europe is working on shale gas In December 2012, UK made the most noticeable step in Europe when ending the moratorium on fracking process after the Blackpool tremors in 2011. At that time not only UK lifted the fraking ban but also unveiled tax breaks and advertised to become the […]
Technip completed Pechora LNG feasibility study February 21st 2013, Alltech Group (Alltech) and Pechora LNG LLC (Pechora) meet in Moscow, Russia, with RF Deputy Regional Development Minister Sergey Vakhrukov and the Governor of Nenets Autonomous District Igor Fyendorov to move the project of liquefied natural gas (LNG) plant, Pechora LNG, into the top priority list […]
Shell and Ukraine signed $10 billion deal in Davos Shell‘s Chief Executive Officer, Peter Voser, and Ukraine’s President Viktor Yanukovich took the opportunity of the World Economic Forum in Davos to sign a $10 billion agreement to develop shale gas resources in Ukraine. Last May 2012, Ukraine had selected two major international oil companies, Chevron […]
BP to focus on crude oil Exploration & Production UK major BP PLc (BP) is planning to increase its capital expenditure per year from $19 billion in 2011 and $22 billion in 2012 to $24 billion in 2014 and $27 billion by 2020. After Macondo blow and TNK-BP turbulences, BP is presenting its strategy to boost […]
Russia Key Projects and Business Highlights In 2012, the newly elected President Putin managed to re-shape its oil and gas and petrochemical industry with number of strategic decisions to ensure that Russia will remain the largest producer of oil and gas in the coming years. President Putin based its economic program for the next five years […]
Sonatrach to increase CAPEX by 50% in 2013 In November 2012, Sonatrach, the Algeria national oil company announced to increase its capital expenditure from the actual $10 billion in 2012 to $15 billion in 2013. This first step is part of the new program of oil and gas projects in which Sonatrach is planning to invest […]
The world leader in gases for industry Air Liquide was founded in France in 1902 from two scientists and inventors who got the idea to liquefied air to separate the gases and produce oxygen. Today, Air Liquide is operating in 80 countries with 46,200 employees but still focusing on the air separation for all industries […]
After Logika, Air Liquide takes over Lentechgas November 2012, Air Liquide completes the acquisition of Lentechgas, in Saint Petersburg, few months after Logika in Moscow. This decision is part of Air Liquide program to invest $1.3 billion in 10 years in Russia, either for acquisition either for new plants. Air Liquide put a special attention […]
