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OMV to replace ExxonMobil in Aasta Hansteen partnership with Statoil and ConocoPhillips Aasta Hansteen field was previously named Luva and is one of the largest field in the Norwegian Continental Shelf (NCS) with a development planned to cost some $5.6 billion (NOK 34 billion) of capital expenditure. Aasta Hansteen is the start of deepwater development in the Norwegian Sea and […]
OMV and Wintershall to appraise Shuwaihat sour gas and condensate field The Abu Dhabi National Oil Company (ADNOC), signed a Technical Evaluation Agreement (TEA) with OMV Abu Dhabi E&P GmbH (OMV) and Wintershall Middle East GmbH – Abu Dhabi (Wintershall) to appraise the sulfur rich sour gas (H2S and CO2) and condensate field in Shuwaihat. This Agreement is […]
Shell do not revise its offer on Cove Energy against PTT Last February, Shell Exploration and Production B.V.(Shell) had made an offer on to take over Cove Energy (Cove), then the Thai National Oil Company (NOC), PTTEP came into the game with the counter offer. After different bids, both companies maintained their conditions, Shell at $0.220 per share and PTTEP at $0.240 while Coves‘ […]
Wentworth leads consortium with Cove Energy and Maurel & Prom The Dubai-based Wentworth Resources (Wentworth) is an independent oil and gas company with natural gas production and a committed exploration program in the Rovuma Basin of southern Tanzania and northern Mozambique. Wentworth and its concession partners Cove Energy (Cove) and Maurel & Prom own a gas […]
Gazprom and Novatek to boost Yamal giant fields development The Yamal Peninsula and the near by Gydan Peninsula concentrate among the biggest reserves of natural gas and condensate in the world. The exploration of the Yamal Peninsula and offshore area around has disclosed 11 natural gas and 15 oil, natural gas and condensate fields with approximately: – 16 trillion cubic […]
Definition Associated gas refers to the natural gas found in association with oil within the reservoir. There are also reservoirs that contain only natural gas and no oil, this gas is termed non-associated gas. Comments Raw natural gas comes from three types of wells: oil wells, gas wells, and condensate wells. natural gas that comes from oil wells […]
Shell to become the biggest investor in Qatar Through giant projects like Qatargas LNG 4 and Pearl GTL, Shell has become a key player in Qatar. These projects requested more than $ 26 billion capital expenditure on the top of which Shell is planning additional $ 6 billion for a greenfield Ras Laffan olefin complex in joint […]
Definition QIA is the acronym of Qatar Investment Authority Comments Headquartered in Doha, Qatar, the Qatar Investment Authority represents the Qatar Sovereign Wealth Fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country’s economy by diversifying into new asset classes. The QIA is structured to operate at the very highest […]
