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Shell and Petronas to race on Floating LNG
Petronas Floating LNG awarded to Technip-Daewoo June 5th, 2012 – Technip-Daewoo Consortium has been awarded by Petronas a $2 billion contract for a Floating LNG (FLNG) unit in Malaysia Technip created...
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Major Shell leaves Cover Energy to the National PTT
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...
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CNOOC and Sinopec to pump $20 billion in upstream acquisitions
CNOOC and Sinopec target Nexen and Talisman assets July 23rd 2012, the Chinese CNOOC Ltd (CNOOC) announced to have signed an Arrangement Agreement with Nexen for the acquisition of the Nexen shares...
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Libya to ramp up Waha oil and gas production
Waha Oil partners to revive Sirte basin production Waha Oil Company’s partners ConocoPhillips, Marathon Oil, Hess Corporation and the local National Oil Company are preparing large exploration...
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Saudi Arabia: the next country to develop shale gas
Saudi Aramco revises plans to explore shale gas Since Saudi Arabia is struggling to increase its natural gas production to meet its fast growing demand, the national oil company Saudi Aramco...
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Competitive US shale gas favor Pemex pipelines projects to Mexico
Pemex to import natural gas from Eagle Ford shale field The Mexican national oil company Petroleos Mexicanos (Pemex), through its international gas trading division MexGas International (MGI), is...
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Socar and Turcas work on financing $5 billion Aegean Refinery
STAR Refining plans one of largest projects in Turkey Through the joint venture STAR Refining Inc. established in January 2012, the State Oil Company of Azerbaijan Republic (Socar) and Turcas Petroleum...
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Ghana to vote on local content regulation before year end
Eni discoveries trigger debate on upstream localization In September 2012, the Italian national oil company Eni and its partners, Vitol from The Netherlands and the Ghana National Petroleum Company...
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Sinopec to acquire interests in Sibur synthetic rubber
Sinopec to take shares in Russia Sibur’s facility On October 2012, China Petroleum and Chemical Corporation (Sinopec) and the Russian company Sibur signed Heads of Agreement to sell to the Chinese...
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Sinopec in brief
To be a world-leading Energy and Chemical Company China Petrochemical Corporation (Sinopec Group) was established in July 1998 on the basis of the former China Petrochemical Corporation. Sinopec Group...
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Sinopec and Huntsman to build PO and MTBE plant in Nanjing
Huntsman and Sinopec Jinling to invest $750 million The Texas-based chemical company Huntsman Corporation (Huntsman) and the Sinopec Jinling Petrochemical Corporation (Sinopec Jinling) have decided to...
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ADCO in Brief
Abu Dhabi Company for Onshore Oil Operations The Abu Dhabi Company for Onshore Oil Operations (ADCO) was established on 2nd December 1971 in Abu Dhabi, the largest Emirates from the United Arab...
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Schlumberger in brief
To Find Oil, You Have to Drill Established in 1926, Schlumberger Limited (Schlumberger) has become since that time the world market leader of the oilfield services with more than 115,000 employees...
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ZADCO in brief
Zakum Development Company The Zakum Development Company (ZADCO) was established in the Abu Dhabi Emirate, as part of the United Arab Emirates (UAE), in November 1977 to develop and operate the Upper...
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Kuwait to develop heavy crude oil to increase production
KOC to give priority to onshore exploration During Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Kuwait Oil Company (KOC) announced to have received mandate from Kuwait...
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Hoegh-KBR and SBM-Linde in competition on Cash-Maple FLNG
Hoegh-KBR to submit competitive pre-FEED to PTTEP The Norwegian Hoegh LNG and the Houston-based KBR are completing a pre-front end engineering and design (pre-FEED) work for the Cash-Maple FLNG...
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Sonatrach, Total and Cepsa to move on Algeria Timimoun project
Sonatrach to increase CAPEX by 50% in 2013 In November 2012, Sonatrach, the Algeria national oil company announced to increase its capital expenditure from the actual $10 billion in 2012 to $15 billion...
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Bahrain Petroleum Company (BAPCO) in brief
Energising The Future The Barhain Petroleum Company (BAPCO) is a national oil company wholly owned by the Government of Bahrain. BAPCO is one of the oldest oil and gas company in the Gulf, established...
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Argentina to boost Exploration & Production with new oil export tax
YPF and Bridas signed $1.5 billion deal in Vaca Muerta As a result of the new oil export tax system, the national oil company YPF and Bridas Corporation (Bridas) signed a Farm-in agreement to explore...
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BP, ExxonMobil, KNOC, Shell and Total line up for Bab sour gas
CH2M Hill is working on Adnoc Bab sour gas pre-FEED BP, ExxonMobil, Korean National Oil Company (KNOC), Shell and Total are the happy few pre-qualified international oil companies to submit offer for...
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