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Shell and Petronas to double Majnoon production The super major Shell and its partners, the national oil companies Petronas from Malaysia and South Oil Company (SOC) from Iraq, are planning to invest up to $1 billion capital expenditure to double the production at the Majnoon oil field in the south of Iraq. Shell and its partners […]

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Definition IPP is the acronym of Independent Power Project. IPP may also be used for Independent power Producer. In both cases IPP refers to non-public utility company investing or operating power generation facilities. Comments Until the years 1980s, the power generation facilities were mostly run by public entities in each country regardless if they were gas […]

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Technip and NPCC win Upper Zakum 750 EPC1 After completing the front end engineering and design (FEED) work, Technip and its local partner National Petroleum Construction Company (NPCC) have been awarded the first EPC package called EPC1 of the Upper Zakum development project in Abu Dhabi, UAE. Upper Zakum project is developed by Abu Dhabi’s Zakum Development Company (ZADCO), a joint […]

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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‘ […]

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Definition Brownfield refers to project of expansion or revamping or services on an existing facility By opposition greenfield is the common word to describe a new project. Comments In that respect a brownfield investment covers also the situation where a company or government entity purchases or leases existing production facilities to launch a new production activity. This is one […]

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