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 and develop 663 square kilometers of oil shale fields in the Loma la Lata and Loma la Campana of the […]
Argentina to boost Exploration & Production with new oil export tax Read More »
BP to focus on crude oil Exploration & Production UK major BP PLc (BP) is planning to increase its capital expenditure per year from $19 billion in 2011 and $22 billion in 2012 to $24 billion in 2014 and $27 billion by 2020. After Macondo blow and TNK-BP turbulences, BP is presenting its strategy to boost
BP to increase capital expenditure to $27 billion annually by 2020 Read More »
TransCanada to connect with Pacific Northwest LNG Petronas from Malaysia and its Calgary based subsidiary, Progress Energy Canada, selected TransCanada to design, build, own and operate (BOO) the Prince Rupert gas transmission project in British Columbia. On December 7th 2012, Canada Prime Minister approved Progress Energy Resources Corp. acquisition by Petronas for the amount of
Petronas – Progress award British Columbia Prince Rupert pipeline Read More »
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 in Bahrain by the Standard Oil Company of California in 1929. First oil was discovered in 1932 and the first refinery was
Anadarko and Eni to create 10 Trains Afungi LNG Park The Houston based Anadarko Petroleum Corporation (Anadarko) and the Italian national oil company Eni signed Heads of Agreement (HOA) to coordinate the development of their respective natural gas fields in the prolific Rovuma Basin, offshore Mozambique. Anadarko is leading a joint venture to develop the Mozambique
ExxonMobil and partners to invest $14 billion by 2017 ExxonMobil, Chevron, Suncor Energy (Suncor), Statoil and Nalcor Energy Oil and Gas (Nalcor) made the final investment decision (FID) to develop the Hebron offshore oil field project in Canada. The Hebron oil field is located offshore the Newfoundland and Labrador on Canada East Coast, in the
ExxonMobil, Chevron, Suncor, Statoil and Nalcor go for Canada Hebron Read More »
Shell and Technip Samsung Consortium closed deal December 13th, 2012, Shell Gas & Power Developments B.V. (Shell) , Technip and Samsung Heavy Industries (Samsung) signed a Heads of Agreement (HOA) to strengthen their cooperation in the floating liquefaction of natural gas (FLNG) facilities. Since 2009, Technip and Samsung cooperate together on the Shell Prelude FLNG project through their
Shell, Technip and Samsung to extend cooperation in Floating LNG Read More »
Technip and Samsung Heavy Industries won Topsides In selecting the consortium made of Technip and Samsung Heavy Industries (SHI) for the topsides of its Martin Linge project in Norway, the french international oil company, Total, awarded the main package of this $4.2 billion project. Lying by 120 meter water depth on the Norwegian Continental Shelf (NCS), the Martin Linge
Total awarded main packages on Martin Linge in Norway Read More »
UAE Key Projects and Business Highlights In the United Arab Emirates, 2012 is some kind of a transition year with the development of midstream projects in Fujairah and the bid preparation of large projects upstream and downstream. With the completion of Habshan – Fujairah export pipeline, Abu Dhabi Company for Onshore Oil Operations (Adco) will
One Day – One Country: UAE (United Arab Emirates) Read More »
Saudi Arabia Key Projects and Business Highlights More than any other country, Saudi Arabia initiated in 2012 one of the most versatile program of investment for projects of the oil and gas and petrochemicals industry from offshore upstream to high performances chemicals. Following the discoveries in the Egyptian side of the Red Sea, Saudi Aramco
