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UK new tax policy triggers North Sea Kraken heavy oil development

EnQuest to award Kraken FPSO to Bumi Armada The Scottish joint venture made of Aberdeen-based EnQuest and First Oil plc ( First Oil) companies together with the Edinburgh-registered Cairn Energy plc (Cairn) have issued a letter of interim agreement (LOIA) to the Malaysian engineering company Bumi Armada (Bumi) for the design and construction of the […]

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Oman Oil and IPIC evaluate bids on $6 billion Duqm Refinery Project

Oman Oil and IPIC to award Duqm Refinery FEED soon The national Oman Oil Company (Oman Oil or OOC) and the Abu Dhabi sovereign founds International Petroleum Investment Company (IPIC) are reaching the final evaluation stage of the commercial and technical bids submitted by international engineering companies to carry out the front end engineering and […]

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PetroChina and Total confirm Iraq Halfaya plateau production by 2017

CNPC and Total to double production with Halfaya-3 The China National Petroleum Corporation (CNPC or PetroChina) and its partners, Total from France, Petronas from Malaysia and the local South Oil Company (SOC) confirm to target the plateau production of the Halfaya oil field in the south of Iraq by 2017 as originally defined. Halfaya oil […]

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Inpex and Shell to prepare ground for Indonesia Abadi LNG Phase-2

Abadi LNG to be expanded on conventional scheme The Japanese company Inpex and its Anglo-Dutch partner Shell have decided to use the conventional scheme, offshore – pipeline – onshore, to implement the full field development of the Abadi LNG project offshore Indonesia. With the Abadi project, Inpex and Shell intend to develop the Masela Block located at […]

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After Fort Hills Total to revise upward Alberta Joslyn North Mine Oil Sand

Total to upsize Alberta Joslyn oil sand project by 50% After making the final investment decision (FID) on the Athabasca Fort Hills oil sand project in joint venture with Suncor Energy (Suncor), the French major company Total and its partners Suncor, Occidental Petroleum (Oxy) and Inpex, are considering to revise upward the capacity of its […]

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All bidders on the edge for Abu Dhabi North East Bab third phase

ADCO evaluate offers for NEB-3 Onshore EPC contract The United Arab Emirates (UAE) Abu Dhabi Company for Onshore Operations (ADCO) is currently evaluating the offers for the third phase of the North East Bab (NEB-3) project onshore Abu Dhabi. As the other projects Upper Zakum, Umm Al-Lulu or Al-Nasr, NEB-3 is part of the giant […]

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