Total
Definition: “CCS” stands for Capture Compression and Sequestration. This operation is directly related to the Carbone Dioxide (CO²). Comments: As reflected by the acronym, CCS require three different operations: Capture: The Capture of the CO² is not always easy, it depends very much where the CO² comes from, mixed with Oil & Gas, produced out […]
Definition: “PCIC Europe” stands for the Petroleum and Chemical Industry Committee in Europe. PCIC Europe was created in 2003 as the regional extension of PCIC North America, the Petroleum and Chemical Industry Committee of the IEEE in USA. Today is the premier European forum for the exchange of experience in the practical application of electricity and instrumentation in the petroleum, chemical and pharmaceutical industries, including all upstream and downstream activities. […]
According to Vagit Alekperov, Lukoil Chief Executive, in an interview to the Financial Times, Russia will end the exclusive rights given to Gazprom and Rosneft to explore the Arctic Oil & Gas fields. So far these exclusive agreement has not given the expected results so that the oil production should start to decline in 2016 […]
Gazpromdobychashelf, the wholly owned Gazprom subsidiary and operator of Shtockman projects, has annouced to expect the completion of the FEED for the offshore pipeline at the end of the year. In parallel, WorleyParsons is making good progress on the FEED of the FPSO, the solution selected for the second and third phases of Shtockman. With a […]
Samsung Total Petrochemicals, the Joined Venture between Samsung General Chemicals and Total Petrochemicals, has selected the LyondellBasell Lupotech T process technology for their co-polymer project in Daesan, South Korea. Key features of Lupotech T technology include low manufacturing and investment costs, fast start-up and grade changes, high on-stream factor and capacities of up to 450 KT per […]
Total joins Kuwait Petroleum Corp. (KPC) represented by its wholly-owned subsidiaries Kuwait Petroleum International (KPI) and Petrochemicals Industries Co. (PIC) in the Joined Venture with Sinopec for this $9 billion “Refinery” and “Petrochemical” complex at Zhanjiang, in China’s southern Guangdong province. In fact Total took the opportunity to substitute Shell which had pulled out of […]
After benchmarking the USA who should become a net gas exporter in 2012 for the first time in their history, China has learnt the lesson very fast and decided to develop their reserves of shale gas on fast track to reduce their energy dependency. The fact is that China hosts 19% of the global reserves of shale […]
Definition: “IOC” is the acronym of International Oil Company and nominates the Oil & Gas companies which are privately owned and operate globally. Comment: The most well-known “IOCs” are ExxonMobil, ChevronTexaco, BP, Shell, Total, ConocoPhillips. They are also called the “Major Companies” or simply the “Majors” as they are the biggest petroleum companies in the […]
