Statoil and PetroFrontier signed deal on Southern Georgina Basin Statoil ASA (Statoil) from Norway and PetroFrontier Corp. (PetroFrontier) from Canada have signed a binding “Farm-in Agreement” to farm into shale gas PetroFrontier’s four exploration permits (EPs) and two exploration permit applications (EPAs) in the Southern Georgina Basin, Northern Territory, Australia. In this Farm-in-Agreement, Statoil will be the Farmor […]
ReadChina and India join forces in Exploration & Production Mr. Sudhir Vasudeva, Chairman and Managing Director (CMD) of the Oil and Natural Gas Corporation Ltd (ONGC) and Mr. Jiang Jiemin, Chairman of China National Petroleum Corporation (CNPC or PetroChina) signed a Memorandum of Understanding (MoU), on June 18, 2012 at New Delhi, India. This MoU signed between ONGC and […]
ReadSibur to provide Sinopec with patents and technologies China’s top refiner China Petroleum and Chemical Corporation (Sinopec) has signed an agreement with Russian petrochemical Group Sibur to establish a joint venture in Shanghai, China, to produce synthetic rubber. The joint venture will use patents and technologies from Sibur to produce nitrile butadiene rubber (NBR) and isoprene rubber […]
ReadCarbon dioxide injection to boost Adma-Opco oil fields Abu Dhabi Marine Operating Company (Adma-Opco) is Abu Dhabi National Oil Company (ADNOC)‘s subsidiary to explore and produce oil and gas from the offshore areas of the Emirate of Abu Dhabi, UAE. If the Abu Dhabi Emirate is rich of oil reserves, it has always been short of gas. […]
ReadDefinition GES+ is the acronym of General Engineering Services Plus. General Engineering Services Plus is an initiative led by Saudi Aramco to increase the local content of the engineering activities in Saudi Arabia Comments Saudi Aramco’s General Engineering Services Plus (GES+) initiative requires that the majority of its engineering services requirements be conducted in the Kingdom of Saudi Arabia in order […]
ReadDefinition Turret is the major component of a vessel or any floating production unit (FPSO, FPO) to which the risers coming from the seabed are connected. Turret name refers the rotating function of this large equipment to facilitate the rotation of the vessel according to winds, waves and dominating current while the risers remain connected to a […]
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