Takreer awarded $2.47 billion on first half 2012 With the Ruwais Carbon black and delayed coker (CBDC) facilities, Abu Dhabi Refining Company (Takreer) awarded the only giant project in the UAE during the first half 2012. This downstream project came after a long period without major capital expenditure in the UAE since the Borealis and […]
ReadDevon and Sumitomo to develop Permian Basin tight oil Devon Energy Corporation (Devon) and Sumitomo Corporation (Sumitomo) entered an Agreement to jointly develop the Cline Shale and the Midland-Wolfcamp tight oil fields within the Permian Basin. The Cline Shale and the Midland-Wolfcamp tight oil fields are part of Devon‘s operations in USA where Devon has still a vast inventory of undrilled […]
ReadShell, CNOOC and CNPC sign China and Gabon deals July 2012, Shell, China National Offshore Oil Corp (CNOOC) and China National Petroleum Corp (PetroChina or CNPC) announced to have signed several contracts for oil and gas production sharing and co-operation in China and in Gabon. In these agreements: – Shell and CNOOC signed two offshore oil and gas Production Sharing Contracts (PSCs) in China. […]
Read$50 billion estimated to develop giant Mamba gas field In October 2011, the Italian National oil Company ENI announced a first giant discovery with the successful well appraisal in Namba South 1 within ENI’s concession Area 4, offshore Mozambique in the Rovuma Basin. The Manba South 1 field is located in 1,585 meters depth, 40 […]
ReadPCIC Middle East Conference to take place with ADIPEC on Nov 12th & 13th 2012 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) organizes its 15th edition on November 11th to 14th 2012 at the Abu Dhabi National Exhibition Centre (ADNEC) in UAE. With more than 1,500 exhibitions and 45,000 attendees, ADIPEC is the largest exhibition in […]
ReadCB&I to broaden energy portfolio from LNG to Nuclear July 30th, 2012, CB&I and The Shaw Group (Shaw) announced to have closed a deal by which CB&I will acquire The Shaw Group. Shaw is a 25 years old engineering and services company well established as global provider of: Engineering and construction – Technology – Fabrication […]
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