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PetroChina to unlock Athabasca oil sand reserves The Canadian specialist TransCanada and China Petroleum National Corporation (CNPC or PetroChina) subsidiary Phoenix Energy Holdings (Phoenix) are preparing the execution of the Grand Rapids Pipeline Project to unlock the underdeveloped oil sands reserves lying in Athabasca northeastern Alberta, Canada. With this Grand Rapids Pipeline Project, TransCanada and PetroChina intend […]

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Statoil to consider FPSO for Castberg (Skrugard-Havis) Since the Skrugard and Havis project has been renamed as Johan Castberg, some significant changes have happened to justify Statoil from Norway and its partners, Eni from Italy and Petoro from Norway, to rethink the conceptual design of the project into a floating, production, storage and offloading (FPSO) […]

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SABIC and Vopak to build $400 million storage facility Saudi Basic Industries Corporation (SABIC) and Royal Vopak (Vopak) signed Heads of Agreement (HoA) to form a joint venture to build new storage facilities in the Al Jubail Terminal on the east coast of Saudi Arabia. The joint venture between SABIC and Vopak should be established under […]

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Jizan Refinery to be shared between seven companies Saudi Aramco made a decisive step forward in selecting the engineering companies to build the $7 billion Jizan refinery and terminal project. To balance its economical development between its different provinces, Saudi Arabia through Saudi Aramco had selected the city of Jizan, also called Jazan, on the southern coast […]

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