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Statoil and Sinochem submit Brazil Peregrino-2 development plan

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Statoil and Sinochem add new platform in Peregrino II The state-owned companies Statoil from Norway and Sinochem from China, partnering in the offshore Peregrino field, submitted the plan of development (POD) for its southwest expansion in the Campos Basin to Brazil National agency of Petroleum, Natural Gas and Biofuel (ANP). Despite its 14-degree API heavy […]

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Saudi Aramco to boost shale gas development in northern Kingdom

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Aramco System A shale gas project at bidding stage The national oil company (NOC) Saudi Aramco set at March 15th 2015 the deadline for the engineering services companies to submit technical and commercial offers for the System A pilot project to develop shale gas fields in the north of the Kingdom. If Saudi Arabia is

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PTT GC and Marubeni study US shale gas-based Ethylene plant

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PTTGC assesses Tri-States ethane cracker locations  Thailand national chemical group PTT Global Chemical plc (PTTGC) and its partner, the Japanese trading company Marubeni Corporation (Marubeni) are concentrating their investigation on the three States, Pennsylvania, West Virginia and Ohio, covering the giant Marcellus Basin to find the best location to build a world-scale ethane cracker to

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Repsol and Irving to convert Canaport LNG into export terminal

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Repsol Canaport LNG to value Talisman US shale gas The Spanish oil and gas company Repsol SA and its local partner Irving Oil (Irving) have decided to convert their existing import liquefied natural gas (LNG) terminal Canaport LNG into an export LNG terminal from Saint John in the New Brunswick Province of the Eastern Canada. In

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Conventional scheme for CNOOC South China Sea Lingshui project

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CNOOC opts for Lingshui FPSO and export pipeline The state-owned China National Offshore Oil Corporation (CNOOC) is opting for a conventional scheme to develop the offshore gas field Lingshui 17-2, one of its largest discovery in the deepwater of the South China Sea. Located 150 kilometers south of the Hainan Island, the Lingshui 17-2 gas field

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ExxonMobil filed Alaska LNG Project resources reports first drafts

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$45 billion Alaska LNG FERC approval in progress The major companies ExxonMobil from USA, BP from UK, ConocoPhillips from USA and the midstream specialist TranCanada submitted the first drafts of so called Resources Reports as part of the environmental and project designed reports to be filed in for the Federal Energy Regulatory Commission (FERC) approval

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Statoil gears up with $31 billion Johan Sverdrup project

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Norway to take technological lead with Johan Sverdrup Statoil Johan Sverdrup project is not only remarkable because of the context in which its final investment decision (FID) is made, but also as it will concentrate the most advanced technologies all along its development from the electrical power supply to the enhanced oil recovery (EOR) techniques

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Shell and Iraq Government sign deal for $11 billion Nibras Petrochemicals

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Shell to take advantage from flared gas gathering In January 2015, the international oil company (IOC) Royal Dutch Shell (Shell) and Iraq Government signed a new agreement to prepare ground in Nibras, near Basra, for the largest ever built petrochemical complex in the country in order to monetize the gigantic reserves of flared associated gas

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Parallax starts permitting process on Live Oak LNG in USA

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Parallax Energy selects Louisiana Calcacieu Parish The newly established company Parallax Energy LLC (Parallax) has chosen a site in Louisiana Calcacieu Parish along the US Gulf Coast to build and operate its first project, the Live Oak LNG as liquefied natural gas (LNG) export terminal. Even though Parallax may have a start up profile as a company,

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ExxonMobil to expand Papua New Guinea LNG Plant

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ExxonMobil signed MOU for PNG LNG Third Train The international oil company (IOC) ExxonMobil and its partners Santos Ltd (Santos) and Oil search Ltd (Oil Search) from Australia, Nippon Oil Exploration (JX NOEX or Nippon Oil) from Japan, and the local land owner Mineral Resources Development Company (Mineral Resources) signed a memorandum of understanding (MOU)

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