BP 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 […]
ReadUAE Key Projects and Business Highlights In the United Arab Emirates, 2012 is some kind of a transition year with the development of midstream projects in Fujairah and the bid preparation of large projects upstream and downstream. With the completion of Habshan – Fujairah export pipeline, Abu Dhabi Company for Onshore Oil Operations (Adco) will […]
ReadRussia Key Projects and Business Highlights In 2012, the newly elected President Putin managed to re-shape its oil and gas and petrochemical industry with number of strategic decisions to ensure that Russia will remain the largest producer of oil and gas in the coming years. President Putin based its economic program for the next five years […]
ReadCNPC to pay BHP $1.6 billion for 10% of Browse LNG The super giant China National Petroleum Corporation (CNPC or PetroChina) is to acquire the 10% stakes held by BHP Billiton in the $40 billion capital expenditure Browse LNG project. In practice the transaction is based on PetroChina to pay $1.6 billion to BHP Billiton for: – […]
ReadShaping the Future AMEC plc (AMEC) started engineering activities in Canada more than 100 years ago when the Montreal Engineering Company (MEC) was established in 1907. In 1992, AGRA took over MEC to create AMEC. Today, AMEC is listed in London Stock Exchange and is building up its market leadership in focusing on engineering services […]
ReadZakum Development Company The Zakum Development Company (ZADCO) was established in the Abu Dhabi Emirate, as part of the United Arab Emirates (UAE), in November 1977 to develop and operate the Upper Zakum (UZ) field. At that time ZADCO was a joint venture between: – Abu Dhabi National Oil Company (ADNOC) 88% – Japan Oil Development […]
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