$1.6 billion to build Taizhou Refinery and Aromatics China National Offshore Oil Corporation (CNOOC), China’s third National Oil Company (NOC), has decided to build a new integrated refinery and petrochemical complex in Taizhou, Jiangsu province, in east China. The new refinery would process heavy crude oil pumped from China’s Bohai Bay, off north China, the […]
ReadShell, CNOOC and CNPC sign China and Gabon deals July 2012, Shell, China National Offshore Oil Corp (CNOOC) and China National Petroleum Corp (PetroChina or CNPC) announced to have signed several contracts for oil and gas production sharing and co-operation in China and in Gabon. In these agreements: – Shell and CNOOC signed two offshore oil and gas Production Sharing Contracts (PSCs) in China. […]
ReadDefinition PSC is the acronym of Production Sharing Contract. PSA may also be used to refer to Production Sharing Agreement Comments PSC is an agreement between the parties to a well and a host country regarding the percentage of oil and gas production each party will receive after the participating parties have recovered a specified amount […]
ReadChevron to boost Bangladesh gas and NGL production Chevron Corporation (Chevron) is one of the largest foreign investors in Bangladesh, providing employment and supplying nearly 50% of the country’s natural gas consumption. Chevron produces natural gas from the Bibiyana, Jalalabad and Moulavi Bazar fields where Chevron Bangladesh holds a 98% working interests. Since 2001, Chevron operates the […]
Read$50 billion estimated to develop giant Mamba gas field In October 2011, the Italian National oil Company ENI announced a first giant discovery with the successful well appraisal in Namba South 1 within ENI’s concession Area 4, offshore Mozambique in the Rovuma Basin. The Manba South 1 field is located in 1,585 meters depth, 40 […]
ReadDefinition LPG is the acronym of Liquefied Petroleum Gases. LPG are the light hydrocarbons fraction of the paraffin series, derived from refinery processes, crude oil stabilisation plants and natural gas processing plants comprising propane, butane and butylenes or a combination of them. LPG may be also called liquefied refinery gases. LPG have no natural odor Comments As light […]
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