upstream
OMV to replace RWE in Lundin’s Edvard Grieg project In October 2012, the Austrian-based OMV took over the 20% share held so far by the German RWE in the Edvard Grieg offshore project just after that Statoil had acquired 15% from Wintershall in the same project. Previously called Luna, the Edvard Grieg project is led […]
ExxonMobil steps in liquids-rich Montney shale acreage October 2012, ExxonMobil announced to acquire the Canadian company Celtic Exploration (Celtic) for the amount of $3.15 billion. ExxonMobil has already a strong presence in Canada since the 1940s in beginning with offshore exploration and production in Nova Scotia with the Sable project and in Newfoundland with Hibernia project. […]
Majors work on alternatives to export North Slope gas In October 2012, the major companies operating in Alaska, ExxonMobil, ConocoPhillips, BP and TransCanada submitted to the Alaska administration their first report for an Alaska liquefied natural gas (LNG) export project. Estimated to cost $45 billion to $65 billion capital expenditure, Alaska LNG should be one of […]
Waha Oil partners to revive Sirte basin production Waha Oil Company’s partners ConocoPhillips, Marathon Oil, Hess Corporation and the local National Oil Company are preparing large exploration production program to revive the oil and gas production in Libya. Within the Sirte basin, the Waha concession covers 13 million acres and includes three major projects : […]
Oman prepare series of projects for PTA,PET and PIA The national oil company Oman Oil Company (OOC) and its 92% subsidiary Takamul Investment Company (Takamul) presented a program of new projects covering the petrochemicals, metals and mining sectors. OOC, as a wholly-owned company by the Government of the Sultanate of Oman is investing in the […]
BASF to accelerate upstream business with Wintershall BASF‘s oil and gas subsidiary Wintershall from Germany and Statoil from Norway signed an agreement to swap strategic assets in the North Sea and establish a cooperation framework on the enhanced oil recovery (EOR) technologies. Home-based in Kassel, Germany, Wintershall is a BASF wholly-owned company operating upstream and midstream […]
Shaping The Future Established in 1894 in Germany for drilling and mining potassium salt, Wintershall started the oil production in 1930 and joined the chemical group BASF in Ludwigshafen as a wholly-owned subsidiary in 1969. Based in Kassel, Germany, Wintershall is the largest German crude oil and natural gas producer and operates the largest network of pipelines […]
Petronas moves on second Floating LNG unit On September 2012, JGC Corporation (JGC) from Japan and Samsung Heavy Industries (SHI) from South Korea signed a contract with the Malaysian national oil company Petronas for the front end engineering and design (FEED) of a new floating liquefied natural gas (FLNG) unit. Malaysia waters is rich of […]
