upstream
Definition Converted FPSO refers to a Floating Production Storage and Offloading (FPSO) vessel made by the modification of an existing transportation vessel, usually a crude oil shuttle tanker. Converted FPSO opposes to new-build FPSO which is designed and constructed from a white page. Comments The conversion of a transportation vessel into a FPSO is a common practice used in multiple […]
Total align bidders for $3 billion Kaombo FPSOs. Modec, Saipem and SBM Offshore are expected to bid for the two converted FPSOs proposed by Total and its partners, ExxonMobil, Marathon, Sonangol and Galp for the development of the Kaombo offshore project in Angola. Angola, on the western coast of Africa, is one the strategic countries to support […]
Rosneft and Exxon mobilize $3.2 billion as first step On April 2012, Rosneft and ExxonMobil signed a Strategic Cooperation Agreement to jointly explore and develop oil and gas fields in the Russian Black Sea and Kara Sea. This Strategic Agreement is supported by the: – Opportunity given to Rosneft to take stakes in ExxonMobil oil […]
Definition Continental Shelf (CS) refers to the part of the seabed sloping gently between the coast and the deep ocean. Geographically and legally the definition of the Continental Shelf is different from the Exclusive Economic Zone (EEZ) Comments The Continental Shelf is the sub-sea extension of the continent where the waters are still shallow, between 150 […]
GDF Suez, Centrica and Bayerngas sanction Cygnus development GDF Suez and its partners Centrica and Bayerngas awarded the detailed design contract to AMEC for the development of the Cygnus natural gas field in the UK continental shelf in the southern North Sea. Cygnus was discovered in 1988 in the blocks 44/12a and 44/11a. Then several appraisal […]
Acquired blocks from BP offshore Vietnam smile to ExxonMobil ExxonMobil acquired the blocks 117,118 and 119 offshore Da Nang on central Vietnam coast in the Phu Khanh Basin from BP in 2009. At that time BP managed to extract gas from these fields but with high content of hydrogen sulfide and carbon dioxide. Today ExxonMobil […]
Definition EEZ is the acronym of Exclusive Economic Zone EEZ defines the maritime area of 200 nautical miles distance (370 km) from the coast baseline where each state is entitled to empower its sovereign rights. Comments The legal definition of the EEZ was given in 1982 by the United Nation Convention on the Law of […]
Gulf Coast to connect Cushing, OK, to Nederland, TX. TransCanada will build and operate the Gulf Coast oil pipeline project to connect Cushing, Oklahoma to Nederland in Texas. This crude oil pipeline is 780 km (485 miles) long and 36 inch large to transport 700,000 b/d of crude oil. This capacity may be expanded to […]
