We Refine Right The Abu Dhabi Oil Refining Company, so called TAKREER, is the operational entity of the Abu Dhabi National Oil Company (ADNOC) in charge of the refining business. Until 1999, the downstream activities were left as a branch within ADNOC, but with the development of this sector in Abu Dhabi and major projects […]
ReadKOC to invest $7 billion in Lower Fars heavy crude oil The national upstream Kuwait Oil Company (KOC) is considering to move into the engineering, procurement and construction (EPC)stage for the Lower Fars phase-1 project since WorleyParsons completed the front end engineering and design (FEED) work in 2012. This phase-1 is part of the Lower Fars heavy […]
ReadExxonMobil signed agreement with Impact on Tugela The super major ExxonMobil signed an agreement with the junior Impact oil and Gas Ltd (Impact) for the exploration of Tugela South Exploration Right offshore South Africa. According to the terms of the agreement, ExxonMobil is to acquire 75% of the interests in the Tugela South Exploration Right and […]
Readtogether WE achieve Based in Abu Dhabi within the United Arab Emirates (UAE), the Abu Dhabi National Company (ChemaWeYaat) was established recently in 2008 as the spearhead of the petrochemical industry in the UAE. In order to create immediately a regional champion and develop synergies, the stakeholders transferred their respective petrochemical assets into their purposely formed […]
ReadSonatrach to increase CAPEX by 50% in 2013 In November 2012, Sonatrach, the Algeria national oil company announced to increase its capital expenditure from the actual $10 billion in 2012 to $15 billion in 2013. This first step is part of the new program of oil and gas projects in which Sonatrach is planning to invest […]
ReadCNPC to take $2.2 billion stake in Encana Duvernay The China National Petroleum Company (CNPC or PetroChina) speeds up acquisitions of interests in Canada with the $2.2 billion offered to the local Encana for stake in the Duvernay oil sand project. According to the deal reached between the parties, PetroChina will take, through its wholly-owned subsidiary […]
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