upstream
Saudi Aramco and Sabic gives momentum to GES+ Saudi Aramco initiated the concept of General Engineering Services Plus (GES+) initiative in order to enhance the level of competence of the local engineering companies and contractors and to contribute to create more value within Saudi Arabia. Indirectly the General Engineering Services Plus (GES+) is to increase the […]
Total to acquire ShaMaran Taza oil field in Kurdistan The Canadian ShaMaran Petroleum Corp (ShaMaran) announced this week to have sold its interests to the French major Total in the Taza oil field in Kurdistan. Last month Total had signed with the US Marathon Oil Company (Marathon) a Farm-in Agreement to acquire 35% of the working interests in the Harir and Safen Blocks in the Kurdistan region, northeast […]
Definition Consortium refers in the oil and gas and petrochemical industry to a group of individuals or legal entities or a combination of individuals and legal entities which mobilizes their respective resources for the accomplishment of a task going beyond the capabilities of each member of the group. Comments In a consortium, the legal entities […]
BP to sell Carson refinery to Tesoro; Sunray and Hemphill gas processing facilities to Eagle Rock BP continues to implement its $38 billion divestment plan of non strategic assets by the end of 2013 in signing two spin off agreements with Tesoro Corporation (Tesoro) and Eagle Rock Energy (Eagle Rock) partners. These agreements cover: – Downstream assets with […]
Definition Conceptual Study stands in the oil and gas and petrochemical industry at the very early stage of a greenfield project to identify all the possibilities and conditions to develop this project. Comments During the conceptual study, the engineers will: – Investigate the multiple technologies to be used – Evaluate the costs of each solution, especially […]
CNPC to boost China shale gas through joint ventures China National Petroleum Corp. (CNPC or PetroChina) is to become the spearhead of China‘s new policy to boost its own shale gas exploration and production in multiplying joint ventures and strategic agreements such as with Shell, Gazprom or Sichuan Province. China holds about triple shale gas resources of […]
Definition Non-Condensable Gas Co-Injection (NCG) belongs to the in-situ exploration and production of oil sands. Non-Condensable Gas Co-Injection refers to the process which is to inject NCG together with the steam in the oil sands reservoir. Comments Canada is the country with the biggest unconventional oil resources called bitumen. This bitumen lies in oil sands reservoirs. Most […]
$185 million program to boost production by 30% MEG Energy Corp (MEG) from Calgary in Alberta, Canada, announced last July to revise upward its Christina Lake oil field production enhancement program called RISER. Christina Lake is an in situ oil sands field located 150 kilometers south of Fort McMurray in the northeast Alberta. Christina Lake […]
