Definition E&P is the acronym of Exploration and Production in the oil and gas industry. E&P is also the synonymous of Upstream E&P or Exploration and Production or Upstream refer in the same way to all the oil and gas activities from the search of potential reserves to the first transformation of the crude oil or […]
ReadShah Deniz Consortium secures funding for TAP BP, State Oil Company of Azerbaijan (SOCAR) and Total, the stakeholders of the Shah Deniz Consortium, have committed to provide the founding to joint venture made of EGL Energy (EGL), Statoil and E.ON Ruhrgas for the Trans Adriatic Pipeline project The Trans Adriatic Pipeline (TAP) is a section of […]
ReadDefinition Concession is a form of contract in the oil and gas industry between a State and a company to explore and develop these resources. Comments Oil and gas concessions are very similar to mining concessions considering that in all countries, except USA, and few others the underground belongs to the State, not to the […]
ReadAdma-Opco to award $1.1 billion process packages at year end The Umm al Lulu and Satah al Rasboot (Sarb) offshore oil and gas fields are part of Abu Dhabi National Oil Company’s (ADNOC) program to boost its oil production in order to meet its 1.75 million b/d quota targeted within OPEC on 2017. As offshore […]
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 […]
ReadNew players to bid against BP, ExxonMobil, Shell and Total With the onshore concessions expiring in 2014 and the offshore ones coming up in 2018, Abu Dhabi, in the UAE, is to rewrite the terms of its producing fields and offer up fresh prospects. The first oil concessions covering all the Abu Dhabi territory were awarded […]
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