Posts Tagged ‘Gulf of Mexico’

BP to rethink Mad Dog phase 2 in Gulf of Mexico

BP to consider all options for Mad Dog 2 development After the decision to stop the ongoing front end engineering and design (FEED) contracts on the Mad Dog Phase 2 project, BP and its partners, BHP Billiton and Chevron, are back to the drawing board to search for an economically (more…)

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Pemex to ramp up investments to increase production in 2013

Grupo R orders four jack-up rigs to Keppel for Pemex The Mexican construction and oil field service company Grupo R ordered four jack-up drilling rigs to Keppel Fels in Singapore to support the exploration and production program planned by Petróleos Mexicanos (Pemex) to stop the Mexican production to decline and to (more…)

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Rosneft goes global

Rosneft’s Neftegaz signed farm-in agreement with ExxonMobil in Gulf of Mexico deepwater The first week of March gave the opportunity to Rosneft to unveil its objective to go global in multiplying strategic partnerships with leading companies such as ExxonMobil. On March 6th 2013, Rosneft‘s subsidiary Neftegaz America Shelf LP (Nefetgaz) signed (more…)

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BP selects Maersk Drilling and KBR to achieve new drilling rigs program

Maersk to develop BP 20K drilling technology concept BP selected Maersk Drilling from Denmark and the Houston-based engineering company KBR to implement the development of its 20KTM concept for a new generation of drilling rigs. February 2013, BP and Maersk Drilling (Maersk) signed an agreement to develop and provide detailed engineering on a BP‘s  conceptual designs (more…)

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Occidental Petroleum plans new ethylene cracker at Ingleside – Texas

Oxy to join Chevron, Dow, Exxon and Shell US projects On December 2012, Occidental Chemical Corporation (OxyChem) submitted a permit application to the US Environmental Protection Agency (EPA) for the construction of a new ethylene cracker at Ingleside in Texas, USA. Based in  Los Angeles in California, USA, Occidental Petroleum (more…)

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AltaGas and Idemitsu to export LNG and LPG from Canada to Asia

AltaGas and Idemitsu to build LNG facility on BC coast AltaGas Ltd (AltaGas) from Alberta in Canada and the Japanese Idemitsu Kosan Corporation Ltd (Idemitsu) have decided to form the 50/50 AltaGas Idemitsu Joint Venture Limited Partnership joint venture to export liquefied natural gas (LNG) and liquefied Petroleum Gas (LPG) from (more…)

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BP to increase capital expenditure to $27 billion annually by 2020

BP to focus on crude oil Exploration & Production  UK major BP PLc (BP) is planning to increase its capital expenditure per year from $19 billion in 2011 and $22 billion in 2012 to $24 billion in 2014 and $27 billion by 2020. After Macondo blow and TNK-BP turbulences, BP is (more…)

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ExxonMobil and Rosneft set joint venture for Western Siberia tight oil

Rosneft to lead pilot project in Bazhenov formation In line with the strategic cooperation agreement signed in August 2011, Rosneft and ExxonMobil signed a Pilot Development Agreement to explore and produce tight oil from the Bazhenov and Achimov formation in the Western Siberia. According to the terms of the Pilot (more…)

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AMEC in brief

Shaping the Future AMEC plc (AMEC) started engineering activities in Canada more than 100 years ago when the Montreal Engineering Company (MEC) was established in 1907. In 1992, AGRA took over MEC to create AMEC. Today, AMEC  is listed in London Stock Exchange and is building up its market leadership (more…)

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Excelerate Energy works on USA first export Floating LNG

OGS and Samsung won Lavaca Bay LNG project FEED Excelerate Energy LP (Excelerate) is planning to convert its Lavaca Bay liquefied natural gas (LNG) terminal into export LNG facility. Located at Lavaca Bay on the Texas Gulf Coast, the Excelerate export LNG project should be the first one in USA to be (more…)

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