BP – OOC start Oman Block-61 development phase-1 BP and the Sultanate of Oman took one year to align on a $16 billion capital expenditure program to develop the first phase of the Khazzan and Makarem tight gas fields of the Block 61 in the center of Oman. With this investment BP is becoming the largest […]
ReadDangote awarded PMC and EPCM contracts to EIL The privately-owned Dangote Group selected the Indian state-owned engineering company Engineers India Ltd (EIL) to provide engineering, procurement and construction management (EPCM) services for the $9 billion refinery and petrochemical complex to be built at Olokola in Nigeria. This EPCM contract comes on the top of the project […]
ReadEcopetrol to invest $6.5 billion in exploration-production In 2014, the Colombia national oil company (NOC) Ecopetrol SA (Ecopetrol) has announced to invest more than $6.5 billion capital expenditure into exploration and production including the development of the East Cano Sur heavy crude oil field in Puerto Gaitan. Overall, Ecopetrol is planning to invest more than […]
ReadGazprom awards Omsk Hydrocracker FEED to CB&I The Russian giant JSC Gazprom Neft (Gazprom) is planning to revamp and upgrade its existing Omsk refinery in Western Siberia, Russia. After the successful completion of Gazprom Pancevo hydrocracker complex, in Serbia, the engineering company CB&I has been awarded the front end engineering and design (FEED) contract to […]
ReadTotal takes Elk and Antelope gas fields majority stake The Paris-based international oil company (IOC) Total took a leap on the finish line ahead of other majors companies to close a deal with the New York-listed junior Inter Oil Corporation (InterOil) to acquire majority stake in the giant Elk and Antelope gas fields that could […]
ReadPIC Olefins-3 integrated in KNPC New Refinery Project The wholly state-owned Petrochemicals Industries Company (PIC) is considering to relocate its Olefins-3 project along the New refinery Project (NRP) planned by Kuwait National Petroleum Company (KNPC) in Al-Zour, Kuwait. PIC and KNPC may be defined as sisters companies as both belongs to the national Kuwait Petroleum Company (KPC). […]
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