Total and Oil Search build reserves for Coral Sea LNG On October 9th 2012, the french major Total and the Australian – Papua New Guinea junior Oil Search Limited (Oil Search) signed a Farm-in agreement on five natural gas onshore and offshore blocks around the Gulf of Papua. This deal came as the conclusion of […]
ReadOman to invest $1 billion in new Chemical EOR Petroleum Development Oman (PDO) is working on the expansion of its Marmul Polymer project with flooding enhanced oil recovery (EOR) technique to maintain and increase the current production of heavy crude oil. Oman is one of the first country in the Middle East to explore and […]
ReadQatar to double petrochemicals production until 2020 On December 23rd 2012, Qatar established a new company, the Qatar Chemical and Petrochemical Marketing and Distribution Company (MUNTAJAT) Q.J.S.C., to lead the strategic development of the country on the downstream sector. In creating this corporation, Qatar is targeting to more than double the chemical and petrochemical production from […]
ReadYPF and Bridas signed $1.5 billion deal in Vaca Muerta As a result of the new oil export tax system, the national oil company YPF and Bridas Corporation (Bridas) signed a Farm-in agreement to explore and develop 663 square kilometers of oil shale fields in the Loma la Lata and Loma la Campana of the […]
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 […]
ReadTransCanada to connect with Pacific Northwest LNG Petronas from Malaysia and its Calgary based subsidiary, Progress Energy Canada, selected TransCanada to design, build, own and operate (BOO) the Prince Rupert gas transmission project in British Columbia. On December 7th 2012, Canada Prime Minister approved Progress Energy Resources Corp. acquisition by Petronas for the amount of […]
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