Total and Wintershall proceed with Vega Pleyade The french major company, Total and its partners, Basf–Wintershall from Germany and the local Pan American Energy (PAE), are proceeding with the development of the world utmost southern Vega Pleyade project offshore Argentina. After years without investments to maintain oil and gas fields and explore new ones because […]
ReadLekoil to join YFP, Chevron and Vitol in Block OML 113 The local junior company Lekoil Ltd (Lekoil) signed a Sales and Purchase Agreement (SPA) with Panoro Energy (Panoro) from Norway to acquire its stake of the Aje project in the Oil Mining Lease 113 (OML 113). This transaction will apply to 6.502% of the […]
ReadPemex to release Ayatsil call for tender in September The Mexican national oil company, Petroleos Mexicanos (Pemex), selected the concept of the floating, production, storage and offloading (FPSO) vessel to develop its Ayatsil-Tekel discovery in the shallow water of the Campeche Basin in the Gulf of Mexico. Located 130 kilometers northwest Cuidad del Carmen, Ayatsil […]
ReadMaersk awards Tyra Southeast production platform AP Moeller – Maersk (Maersk) and its partners in the Danish Underground Consortium (DUC), Shell, Nordsofonden and Chevron have decided to invest $800 million capital expenditure in a new offshore platform at the Tyra Southeast oil and gas field. Located approximately 200 kilometers offshore the west coast of Denmark […]
ReadAdma-Opco to select contrators for key packages On the last weeks Abu Dhabi Marine Operating Company (Adma-Opco) published the results of the commercial bids submitted by the engineering companies for the engineering, procurement and construction (EPC) contracts of the main packages related to the giant Umm al-Lulu and Satah Al-Razboot (Sarb) projects. Acting as Abu […]
ReadBP 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 […]
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