Total to acquire ShaMaran Taza oil field in Kurdistan The Canadian ShaMaran Petroleum Corp (ShaMaran) announced this week to have sold its interests to the French major Total in the Taza oil field in Kurdistan. Last month Total had signed with the US Marathon Oil Company (Marathon) a Farm-in Agreement to acquire 35% of the working interests in (more…)
Read moreChevron to acquire Rovi and Sarta in Iraqi Kurdistan Following ExxonMobil to move first in Kurdistan in signing six oil field development licenses in November 2011, Chevron is also entering Kurdistan, in the northeastern Iraq, in dealing with Reliance Industries Limited (Reliance) from India. According to the contract signed between (more…)
Read moreTags: Atlas Energy, Austria OMV, capital expenditure, Chevron, Chevron Iraq, Chevron Kurdistan, Chevron Reliance, Chevron Rovi and Sarta, Chevron Shale gas, crude oil, Exploration & Production, ExxonMobil, ExxonMobil West Qurna1, gas, gas pipeline, India, International oil company (IOC), Iraq, Iraq Federal Government, Iraq licenses rounds, Iraq's fourth licensing round, joint venture, Kurdistan, Kurdistan export oil, Kurdistan Regional Government (KRG), Midstream, natural gas, ogp projects, OGP projects pursuit, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Contract, oil and gas, oil and gas fields, Oil fields licenses, Oil news, oil producing countries, Oil&Gas, OMV Rovi and Sarta, Production Sharing Contract (PSC), Project Feasibility study, Reliance Iraq, Reliance Jamnagar Refinery, Reliance Kurdistan, Reliance Rovi and Sarta, Reliance shale gas, Remuneration Fee per Barrel (RFB), RIL, shale gas, Shell, Technical Services Contract (TSC), upstream, US shale gas, USA, West Qurna Phase 1
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10
Aug
2012
Technical Service Contracts
Definition Technical Service Contract, or TSC, refers to an oil and gas exploration and production contract awarded by a producing country to the International Oil Company (IOC) bidding with the lowest remuneration fees per barrel (RFB) produced as reward of its capital and operational expenditures. Comments Most of the exploration (more…)
Read moreTags: capital expenditure, crude oil, Exploration & Production, ExxonMobil, ExxonMobil West Qurna1, gas, gas pipeline, International oil company (IOC), Iraq, Iraq Government, joint venture, natural gas, ogp projects, OGP projects pursuit, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Contract, Oil & Gas and Petrochemical glossary, Oil & Gas and Petrochemical Project, oil and gas, Oil and gas Concessions, Oil news, Oil&Gas, operating costs, Producing country, Production Sharing Contract (PSC), Remuneration Fee per Barrel (RFB), Shell, Technical Services Contrcat (TSC), upstream, West Qurna Phase 1
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Shell and Mitsubishi to gather gas from Basra oil fields The Iraq Government has given its nod to the natural gas exploration deal signed between Shell from the Netherlands and Japan’s Mitsubishi Corporation (Mitsubishi). The project, which requires capital expenditure of around $17.2 billion, was initially signed in 2008. The joint venture, Basra (more…)
Read moreTags: ABB, ABB Italy, associated gas, Basra, Basra oil field, Basrah Gas Company, Business model for oil & gas and petrochemical industry suppliers, capital expenditure, Carbon dioxide, completion, compressor, condensates, CO², crude oil, energy, EPC, Exploration & Production, flared gas, flaring, fLNG, floating LNG, gas, Gas flare, gas flare recovery, gas processing plant, GE, infrastructure, Iraq Government, Japan, joint venture, Khor al Zubair, Khour al-Zubair, Liquefied Natural Gas, LNG Export Terminal, LNG Terminal, local companies, local content, local contract, local contractors, LPG, LPG recovery, Midstream, Mitsubishi, Mitsubishi Corp, natural gas, Netherlands, NGL, North Rumaila gas plant, offshore, Offshore technology, ogp projects, OGP projects pursuit, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Project, oil fields, Oil news, Oil&Gas, onshore, PMC, Power generation, Project Management Consultancy, Project Management Services, propane cooling compressor, Rumaila, SGC, Shell, South Gas Company, turbo-generator, West Qurna Phase 1, Zubair
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