Sonatrach to increase CAPEX by 50% in 2013 In November 2012, Sonatrach, the Algeria national oil company announced to increase its capital expenditure from the actual $10 billion in 2012 to $15 billion in 2013. This first step is part of the new program of oil and gas projects in (more…)
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17
Oct
2012
Rosneft Oil Company in Brief
The leading Russian Petroleum Company The actual OJSC Rosneft Oil Company (Rosneft) was established in 1993 in Moscow, Russia, as a wholly state owned company under the name of Rosneftegas based on the transfer of assets from the OJSC Rosneft Oil Company (Rosneft). Then in 1995, Rosneftegas was transformed into (more…)
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05
Oct
2012
Qatar Petroleum in brief
Committed to one thing above all: Excellence Qatar Petroleum (QP) was established in 1974 as wholly state-owned corporation. As a national oil company (NOC), QP is fully upstream-downstream integrated in order to manage all the phases of the oil and gas industry in Qatar. In that respect Qatar Petroleum directly or (more…)
Read moreCairn, San Leon, Genel increase footprint in Morocco On the same week, Cairn Energy (Cairn) announced to sign a Farm-in Agreement for offshore exploration and production while San Leon Energy (San Leon) extended its oil shale onshore acreage, both in Morocco. These moves reflects the potential of resources and the (more…)
Read moreAfter Eni, Talisman and Total, Sonatrach eyes on ExxonMobil and Shell After signing contracts with ENI from Italy, Talisman Energy (Talisman) and Total from France, Sonatrach is willing to attract ExxonMobil and Shell for the exploration and production of unconventional gas, shale gas and tight gas, in Algeria. According to (more…)
Read moreQatar Petroleum holds 10% of $3 billion Arzew project Since Total and Sonatrach had announced the giant Arzew petrochemical complex, the project had to be put on hold by the lack of ethane as feedstock to supply the cracker. This ethane should come from the Hassi R’meil natural gas fields, (more…)
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