Statoil and Chevron review costs in North Sea projects In 2013, shortly after that Norway had weighted its tax policy on oil and gas companies operating in the Norwegian North Sea, UK did the opposite and released a new tax regulation to encourage companies to explore more challenging deep offshore resources on the UK side […]
ReadExxonMobil, Shell and Total head to head for PNG gas These last months of 2013 have seen the major companies ExxonMobil, Shell and Total in an intense competition to share working interests with the junior New York-listed company InterOil Corporation (InterOil) in the large Elk and Antelope discoveries of the western Papua New Guinea (PNG). For nearly […]
ReadCanada to boost crude oil production 75% by 2035 According to its National Energy Board (NEB), Canada expects to increase its crude oil production 75% by 2035. In respect with the rising the demand in North America and in Asia, Canada sees the opportunity to target a volume of production of 5.8 million barrels per […]
ReadAlgeria aims to double oil & gas production in 10 years After a couple of years with no significant investments and the trauma of the In Amenas attack, the Algerian Government and its national oil and gas company (NOC) Sonatrach have decided to ramp up the oil and gas production in order to double it in the […]
ReadBP – OOC start Oman Block-61 development phase-1 BP and the Sultanate of Oman took one year to align on a $16 billion capital expenditure program to develop the first phase of the Khazzan and Makarem tight gas fields of the Block 61 in the center of Oman. With this investment BP is becoming the largest […]
ReadDangote awarded PMC and EPCM contracts to EIL The privately-owned Dangote Group selected the Indian state-owned engineering company Engineers India Ltd (EIL) to provide engineering, procurement and construction management (EPCM) services for the $9 billion refinery and petrochemical complex to be built at Olokola in Nigeria. This EPCM contract comes on the top of the project […]
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