Posts Tagged ‘Transportation’

World Bank and EBRD call to cut global gas flaring by 30% in 2017

World Bank and European Bank for Reconstruction & Development to provide funding to reduce flared gas The World Bank and the European Bank for Reconstruction and Development (EBRD) are calling the oil companies and the producing countries to cut the gas flaring by 30% in the next five years. According (more…)

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ADNOC in brief

Empowering the nation for generations to come The Abu Dhabi National Oil Company (ADNOC) is one of the world’s leading national oil companies (NOC) with substantial business interests in upstream, midstream and downstream activities, including transportation, shipping, marketing and distribution. ADNOC is part of the world Top 10 oil producing company. Established (more…)

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Kemya awards $3.4 billion Al-Jubail Elastomer project

ExxonMobil and Sabic to build a world scale synthetic rubber greenfield plant in Middle-East  Al-Jubail Petrochemical Company (Kemya) is a 50/50 joint venture between Saudi Basic Industries Corporation (SABIC) and Exxon Chemical Arabia Inc., an affiliate of ExxonMobil Chemical Company. The two companies have collaborated closely since the joint venture (more…)

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Carlyle and Sunoco to revive Philadelphia refinery

Philadelphia Refinery to rely on Marcellus shale gas Last year Sunoco Inc (Sunoco) had  announced to close the Philadelphia refinery in Pennsylvania, USA, on summer 2012 if no buyer could be found in the meantime. But the development of the shale gas in USA much faster than expected and in (more…)

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CNPC and ONGC sign MoU in Upstream and Downstream

China and India join forces in Exploration & Production Mr. Sudhir Vasudeva, Chairman and Managing Director (CMD) of the Oil and Natural Gas Corporation Ltd (ONGC) and Mr. Jiang Jiemin, Chairman of  China National Petroleum Corporation (CNPC or PetroChina) signed a Memorandum of Understanding (MoU), on June 18, 2012 at New Delhi, India. (more…)

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Sinopec and Sibur to produce Synthetic Rubber in Shanghai

Sibur to provide Sinopec with patents and technologies China’s top refiner China Petroleum and Chemical Corporation (Sinopec) has signed an agreement with Russian petrochemical Group Sibur to establish a joint venture in Shanghai, China, to produce synthetic rubber. The joint venture will use patents and technologies from Sibur to produce nitrile butadiene (more…)

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“FPSO”

Definition FPSO is the acronym of Floating Production Storage and Offloading. A FPSO unit is a floating vessel used in the oil and gas industry to treat the oil and gas and condensates offshore before their transportation to the land by pipeline or shuttle vessels. Comments The FPSO is a multi-functions vessel for (more…)

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Statoil Skrugard and Havis oil discoveries justify feasibility studies

Statoil, ENI and Petoro expect more to come from Skrugard and Havis exploration The Skrugard and Havis fields are located 5 kilometers from each other at a vertical depth of 1740 meters below sea level at a water depth of 388 meters in the PL532 licence area which was awarded in (more…)

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Norway approved Total $4.2 billion Martin Linge project

Total lowers Carbon Footprint with Power from Shore Previously called Hild, the Martin Linge development belongs to Total E&P Norge AS (51%), the operator, Petoro AS (30%) and Statoil Petroleum AS (19%). End of March, the Norwegian Government approved the development plan for the Martin Linge oil and gas field. Total capital (more…)

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Samsung harvests $1.9 billion Russian contracts in Iraq

Lukoil awarded $1West Qurna Phase 2 to Samsung Engineering  Samsung Engineering officially signed a contract, worth approximately $1 billion, with LUKOIL Mid-East Ltd. (Lukoil) for the development of the West Qurna Phase 2 Contract Area and thereafter to  provide assistance to LUKOIL with its carrying out of the commissioning and start up. This (more…)

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