“Downstream” covers all the chain of transformations of the oil or gas after the transportation (Midstream). It begins with the refining and it continues with all the cracking operations of the petrochemical industry to produce all the chain of chemical products (Ethylene, Polyethylene, Propylene, Polypropylene, etc…) Comments: By comparison with the “Upstream” (Exploration & Production) […]
ReadThe $13 billion Keystone project is an entire network of pipelines connecting the key sources of supply from Alberta, Canada, in North end, and Gulf of Mexico, USA, in South end, to the main storage, trading and refining locations of Cushing, Oklahoma, USA, of Port Arthur, Texas, USA, and of Wood River & Patoka, USA. […]
ReadWhile the oil and gas production came down in 2011 by 18% to 1.8 million boe, the companies keep high ambition in the North Sea. In its 2012 survey, Oil & Gas UK collected input from the operators and estimated that the capital pending in the North Sea should reach a record high level to […]
ReadDefinition: The “NOC” acronym means “National Oil Companies” and refers to the local oil producing companies owned by their respective government. Therefore there are nearly as many “NOCs” as countries in the world, but the most famous ones are: Saudi Aramco, Gazprom, Statoil, Petrochina, Sinopec, Petrobras, ADNOC, Qatar Petroleum, etc…. Comment: Historically the “NOCs” used […]
ReadWell supported by its financial performances and the sustainable price of the oil, Statoil has announced on the last weeks a series of projects. Snorre A Platform revamping Statoil awarded Aker Solutions the $179 million contract for the revamping and up grading of the drilling equipment and system on the Sorre A platform to extend […]
ReadOn February 27th the gas price in North America reached a new low at $2.57 per million btu with all chances to stay below $3 for a while. In dividing the gas price by four since its peak at $13.5 per million btu in July 2008, the massive development of the shale gas is not […]
Read
