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…)
Read moreInpex 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…)
Read moreChevron 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…)
Read moreTechnip 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…)
Read moreYPF 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…)
Read more“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…)
Read moreShell 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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