ExxonMobil and partners to invest $14 billion by 2017 ExxonMobil, Chevron, Suncor Energy (Suncor), Statoil and Nalcor Energy Oil and Gas (Nalcor) made the final investment decision (FID) to develop the Hebron offshore oil field project in Canada. The Hebron oil field is located offshore the Newfoundland and Labrador on (more…)
Read moreShell and Technip Samsung Consortium closed deal December 13th, 2012, Shell Gas & Power Developments B.V. (Shell) , Technip and Samsung Heavy Industries (Samsung) signed a Heads of Agreement (HOA) to strengthen their cooperation in the floating liquefaction of natural gas (FLNG) facilities. Since 2009, Technip and Samsung cooperate together on the Shell (more…)
Read moreKOC to give priority to onshore exploration During Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Kuwait Oil Company (KOC) announced to have received mandate from Kuwait Petroleum Company (KPC) to increase crude oil production from actual 3 million b/d to 4 million b/d by 2030. Considering the age and the level of maturity (more…)
Read moreLukoil in brief
Harness natural energy resources for human benefit In 1991, the Russian Government published the decree to establish the Langepas Uray Kogalymneft Petroleum Corporation. In 1993, the Langepas Uray Kogalymneft Petroleum Corporation was transformed in open joint stock company under the name of Lukoil Oil Company. Today, Lukoil is listed in London Stock (more…)
Read moreTotal and Petronas to race in offshore Rovuma basin The French international oil company, Total and the Malaysian national oil company Petroliam Nasional Berhad (Petronas) signed a Farm-in agreement on the Area 3 and Area 6 of the Rovuma basin in the Strait of Mozambique. According to this agreement, Total will (more…)
Read moreSaudi Aramco in brief
Powering Possibilities The Saudi Arabian Oil Company (Saudi Aramco), the state-owned oil company of the Kingdom of Saudi Arabia is headquartered in Dhahran. Saudi Aramco ranks first among oil companies worldwide in terms of: - Crude oil production and exports - Natural gas liquids (NGL) exports, and are among the leading producers of (more…)
Read more$1.5 billion Methanol and Urea plant in Tanzania
Wentworth leads consortium with Cove Energy and Maurel & Prom The Dubai-based Wentworth Resources (Wentworth) is an independent oil and gas company with natural gas production and a committed exploration program in the Rovuma Basin of southern Tanzania and northern Mozambique. Wentworth and its concession partners Cove Energy (Cove) and Maurel (more…)
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