240 projects represent more than 680 billion CAPEX On November 5th 2012, the Project Smart Explorer data base contains the 240 largest projects of the oil and gas and petrochemical industry. These projects represent more than 680 billion of capital expenditure to be mostly invested on the next three years by 166 end users. These end […]
ReadProducing oil and gas for the world Established in 1992 from the Azerineft State Concern and Azerneftkimya Production Association, the State Oil Company of the Azerbaijan Republic (SOCAR) received the mandate as national oil company to : – Improve the management structure of the oil and gas industry – Develop the energy industry In this […]
ReadPetronas to move on Burma Yetagun North expansion The Yetagu gas field is located in southern Andaman Sea about 100 kilometers west offshore Myanmar coast line. Originally explored and developed by Texaco, Premier Oil and Nippon Oil Exploration (JX NOEX) , the American withdrew in the years 2000s because of the US sanctions against Myanmar. The Malaysian […]
ReadSaudi Aramco revises plans to explore shale gas Since Saudi Arabia is struggling to increase its natural gas production to meet its fast growing demand, the national oil company Saudi Aramco investigate all potential sources of supply, onshore and offshore, conventional and unconventional. The consumption of natural gas in Saudi Arabia is increasing very fast because […]
ReadInvesting for the future of Oman The Sultanate of Oman established the Oman Oil Company S.A.O.C. (OOC) in 1992 as the national oil company with the mission to build a prosperous future for Oman regardless country’s direct oil and gas revenues. This mission still guides the Sultanate’s Vision 2020 for its wholly owned Oman Oil […]
ReadTechnip/Shaw Energy and Chemicals to provide PMC The Oman State wholly-owned Oman Oil Company (OOC) and the Abu Dhabi sovereign fund International Petroleum Investment Company (IPIC) have approved the location and the financing for their joint venture Duqm Refinery and Petrochemical Industries Company (DRPIC) project. The joint venture Duqm Refinery and Petrochemical Industries Company (DRPIC) was established in June […]
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