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Definition Conventional oil and gas refers to petroleum, or crude oil, and raw natural gas extracted from the ground by conventional means and methods. Comments In practice conventional oil and gas, or the term of conventional resources, applies to oil and gas which can be extracted, after the drilling operations, just by the natural pressure […]

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Statoil awards on time Mariner and Bressay FEEDs Statoil awards Front End Engineering and Design (FEED) contracts to develop the $9.6 billion capital expenditure Mariner and Bressay according to plan. Mariner and Bressay are very similar projects to produce ultra heavy crude oil,  offshore on the North Sea shallow water of the UK Continental Shelf (UKCS) but with different working interests. In Mariner:  – Statoil owns 61.5% […]

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Definition Flaring refers to the operation of sending to the flare for the atmospheric combustion the gases and sometimes the liquids which could not be processed in the cycle of production. Comments Flaring takes part of all the oil & gas and petrochemical processes, upstream and downstream, in order to control over-pressures which may come […]

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Shah Deniz consortium decided to commence Front End Engineering and Design (FEED) Shah Deniz Stage 2, or Full Field Development (FFD), is a giant project that will bring gas from Azerbaijan to Europe and Turkey. This will increase gas supply and energy security to European markets through the opening of the new Southern Gas Corridor. […]

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Tsusho takes 32.5% of Encana’s Coalbed Methane Toyota Tsusho Corporation (Tsusho) has reached an agreement with Encana Corporation (Encana), Canada‘s largest natural gas producer, to acquire a 32.5% interest in a coalbed methane (CBM) project. Tsusho will pay C$602 million to acquire the interest and in capital expenditure over the coming seven years. Tsusho has […]

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