China Coal to build world largest CTO complex Sinopec Engineering Group (SEG or Sinopec Engineering) has been awarded by Zhong Tian He Chuang Energy Corporation Limited (Zhong Tian He Chuang) the engineering, procurement and construction (EPC) contract to design and build the world largest Coal-To-Olefins (CTO) plant at Uxin Banner near Ordos, Inner Mongolia. Established […]
ReadShah Deniz Stage-2 to go for Full Field Development The London-based BP and its partners, Statoil from Norway, the State Oil Company of Azerbaijan (SOCAR), Total from France, Lukoil from Russia, the National Iran Oil Company (NIOC), and Türkiye Petrolleri Anonim Ortaklığı (TPAO) from Turkey, have made the final investment decision (FID) for the Shah Deniz […]
ReadShale gas and shale oil change US import-export map In 2012, the development of the shale gas propelled USA as the world largest gas producer, ahead of Russia. In 2013, the US administration started to open the door for the export of liquefied natural gas (LNG) to countries not having free trade agreement (FTA) with USA, […]
ReadBP, ExxonMobil, Shell, Total in concessions race In 2013, the historical international oil companies (IOCs) BP from UK, ExxonMobil from USA, Statoil from Norway, Partex from Portugal and Total from France have been racing to at least preserve and hopefully extend in 2014 their respective concessions rights in the onshore fields of Abu Dhabi shared […]
Read2B1st Consulting wish you a Happy New Year 2014 2B1st Consulting wish you a Prosperous and Happy New Year 2014 with always more projects in the Oil & Gas and Petrochemical industry. Even if some projects were put on hold or postponed because of design and costs issues, the overall trend of the sector remains […]
ReadRussia votes for competitive LNG export projects On December 1st 2013, Russia enforced the new regulation to allow Gazprom Russian competitors such as Rosneft and Novatek to export liquefied natural gas (LNG) from Russia. Until then, this export licence was concentrated in the exclusive rights attributed to Gazprom. But the Stokman experience, the legal pursuits of the European Community […]
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