Gazprom brings Shtokman back to square one Shtokman field was discovered in 1988, and is located 550 kilometers offshore northern Russian coast by 340 meters water depth. The recoverable reserves are estimated to 3.9 trillion cubic meters of natural gas. The project development is planned in three phases, each one to produce 23.7 billion cubic […]
ReadEDF reported to join Novatek and Total in Yamal LNG EDF may join OAO Novatek (Novatek) and Total in Yamal LNG since the project has been declared of national interest by the Russian authorities for fast-track implementation. Russia is now willing to boost its oil and gas exploration and production to compensate depleting fields and […]
ReadPetronas to pay $5.3 billion Progress Energy Resources The Malaysian NOC Petronas and the Canadian Progress Energy Resources (Progress) have signed an agreement for a friendly takeover of Progress by Petronas. The integration will be done through Petronas Canada to remain based in Calgary, Alberta, for upstream with commercial office in Vancouver,BC, for LNG. The […]
ReadWeatherford won Garraf $200 million processing facility Garraf or Gharraf is the fifth biggest oil field in Iraq with estimated 1 billion barrels reserves. Garraf is located halfway between the southern cities of Karbala and Nasiriya in Thi Qar governorate in the Southern of Iraq. In 2009 Petronas, with its partners, successfully won the Garraf oilfield […]
ReadFujairah builds the third world biggest oil storage hub The Strait of Hormuz is channelizing 35% of the global oil maritime traffic. In a context of increasing tension with the neighboring Iran, Fujairah in the UAE is developing one of the biggest oil storage and export terminal in the world. The storage capacity of the […]
ReadFoster Wheeler and Sofcon completed the FEED Foster Wheeler and its local partner A. Al-Saihati, A. Fattani & O. Al-Othman Consulting Engineering Co., (SOFCON) have completed the Front End Engineering and Design (FEED) for the Saudi Aramco Riyadh Refinery Clean Transportation Fuel project. In April 2011, Foster Wheeler’s Global Engineering and Construction Group and A. Al-Saihati, A. […]
Read
