Posts Tagged ‘International Oil Company’

Brunei Shell Petroleum to call for EPC bid on Champion waterflood project phase 1

BSP to tender 6 platforms for Champion enhancement Brunei Shell Petroleum (BSP) is preparing the call for tender (CFT) for the first phase of the Champion waterflood project to boost the production of this old oil and gas field offshore Brunei.  Champion is the largest oil and gas field in the (more…)

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Chevron evaluates new-build against converted FPSO for Angola Lucapa

KBR to complete FEED on Lucapa new-build FPSO On first quarter 2012, the international oil company Chevron through its local subsidiary Cabinda Gulf Oil Company (Cabinda) and its partners, the national oil company Sonangol, Eni from Italy, Total from France, and Galp from Portugal,  had awarded the front end engineering (more…)

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Inpex and Shell to speed up Indonesia Abadi FLNG project

Inpex and Shell awarded competitive FEED contracts Inpex Corporation (Inpex) from Japan and the international oil company Shell signed two contracts in parallel for the front end engineering and design (FEED) of the Abadi floating liquefied natural gas (Abadi FLNG) project in the Masela Block, offshore Indonesia. The Masela Block (more…)

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Chevron to proceed with Angola Mafumeira project expansion

Chevron to spend $5.6 billion in Mafumeira Sul project Cabinda Gulf Oil Company Ltd (Cabinda), the Angola subsidiary of the California-based international oil company Chevron Corporation (Chevron) and its partners Sonangol, Total and Eni made the final investment decision (FID) regarding the Mafumeira Sul project. Located offshore Angola, the Mafumeira Sul project (more…)

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Total awarded main packages on Martin Linge in Norway

Technip and Samsung Heavy Industries won Topsides In selecting the consortium made of  Technip and Samsung Heavy Industries (SHI) for the topsides of its Martin Linge project in Norway, the french international oil company, Total, awarded the main package of this $4.2 billion project. Lying by 120 meter water depth on the Norwegian (more…)

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BP and Petrochina prepare multiple scenarios on Iraq giant Rumaila

BP and CNPC ramped up oil production 10% per year  In June 2009, the international oil company BP and the China National Petroleum Company (CNPC or PetroChina) were awarded the technical services contract (TSC) for the giant Rumaila oil field in the south of Iraq, closed to the Kuwait border. BP (more…)

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Chevron and YPF to explore tight oil and shale gas in Argentina

YPF and Chevron signed MOU in unconventionals YPF SA (YPF) the Argentina’s national oil company and the international oil company Chevron Corporation (Chevron) signed a memorandum of understanding to explore and develop the local unconventional resources in oil and gas. According to the US Energy Information Administration (EIA) Argentina is the (more…)

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Shell, CNOOC and CNPC to share production and technology

Shell, 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 (more…)

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“PSC”

Definition 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 (more…)

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Major Shell leaves Cover Energy to the National PTT

Shell do not revise its offer on Cove Energy against PTT Last February, Shell Exploration and Production B.V.(Shell) had made an offer on  to take over Cove Energy (Cove), then the Thai National Oil Company (NOC), PTTEP came into the game with the counter offer. After different bids, both companies maintained (more…)

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