Ecopetrol to invest $6.5 billion in exploration-production In 2014, the Colombia national oil company (NOC) Ecopetrol SA (Ecopetrol) has announced to invest more than $6.5 billion capital expenditure into exploration and production including the development of the East Cano Sur heavy crude oil field in Puerto Gaitan. Overall, Ecopetrol is planning to invest more than […]
ReadGazprom awards Omsk Hydrocracker FEED to CB&I The Russian giant JSC Gazprom Neft (Gazprom) is planning to revamp and upgrade its existing Omsk refinery in Western Siberia, Russia. After the successful completion of Gazprom Pancevo hydrocracker complex, in Serbia, the engineering company CB&I has been awarded the front end engineering and design (FEED) contract to […]
ReadTotal takes Elk and Antelope gas fields majority stake The Paris-based international oil company (IOC) Total took a leap on the finish line ahead of other majors companies to close a deal with the New York-listed junior Inter Oil Corporation (InterOil) to acquire majority stake in the giant Elk and Antelope gas fields that could […]
ReadPIC Olefins-3 integrated in KNPC New Refinery Project The wholly state-owned Petrochemicals Industries Company (PIC) is considering to relocate its Olefins-3 project along the New refinery Project (NRP) planned by Kuwait National Petroleum Company (KNPC) in Al-Zour, Kuwait. PIC and KNPC may be defined as sisters companies as both belongs to the national Kuwait Petroleum Company (KPC). […]
ReadSunbird mulls over FPSO for Ibhubesi Phase-1 The Australian company Sunbird Energy (Sunbird) and its local partner, the national oil company (NOC) PetroSA, are considering to use a floating production, storage and offloading (FPSO) vessel to develop the Ibhubesi gas field offshore the west coast of South Africa. Discovered in 1981 by Forest Oil Corporation […]
ReadPremier Oil to award Catcher FPSO EPC contract The London-based company Premier Oil (Premier) and its partners, Cairn Energy (Cairn) from Scotland and the Basf subsidiary Wintershall from Germany, are on the point to make the final decision to award the engineering, procurement and construction (EPC) contract for a floating, storage, production and offloading (FPSO) […]
Read
