Rosneft invests $14.9 billion in Far East FEPCO project The Russian giant Rosneft, 69.50% owned by the State and 19.75% by the UK major BP, has confirmed to move forward on the Nakhodka integrated refinery and petrochemical complex close to Vladivostok in the south end of Russia Far East. Since 2010, Rosneft is working on developing […]
ReadONGC to add platforms offshore Daman in Arabian Sea The Indian national oil company (NOC) Oil and Natural Gas Corporation (ONGC) is planning to add platforms on its Tapsi Daman Block to boost the gas and condensate production from the Arabia Sea on the West coast of India. India is the fourth largest energy consumer […]
ReadSaudi Aramco to double Fadhili budget after FEED work The national oil company (NOC) Saudi Aramco is about doubling the budget allocated to its strategic gas central processing facility (CPF) project to be build on the Fadhili oil field in the Eastern Province of the Kingdom. In order to support its economical development Saudi Arabia […]
ReadQuantum selected Ibeno for world-scale methanol plant The Nigerian Quantum Petrochemical Company Limited (Quantum) has decided to invest $1.5 billion capital expenditure in a world-scale petrochemical and methanol complex at Ibeno in the Akwa Ibom State of the southern Nigeria on the Gulf of Guinea. Quantum was recently founded by the Nigeria banker Jim Ovia, ranked […]
ReadStatoil and Lundin aligned on Johan Sverdrup concept The Norwegian national oil company (NOC) Statoil and its partners, Lundin from Sweden, Maersk Oil (Maersk) from Denmark, Petoro and Det Norske Oljeselskap (DNO) from Norway, aligned on the concept to develop the first phase of the giant Johan Sverdrup oil and gas field in the Norwegian […]
ReadGALSI at final decision on new Algeria – Italy Pipeline As a result of the lasting Ukraine crisis, Edison from Italy and Sonatrach from Algeria resumed talks about increasing natural gas import from Algeria to Italy through the Algeria Sardinia Italy Gas (GALSI) pipeline project to be revived for the circumstances. In respect with the […]
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