Archive for January, 2013

BP, ExxonMobil, KNOC, Shell and Total line up for Bab sour gas

CH2M Hill is working on Adnoc Bab sour gas pre-FEED BP, ExxonMobil, Korean National Oil Company (KNOC), Shell and Total are the happy few pre-qualified international oil companies to submit offer for the $10 billion development of the Bab sour gas project in joint venture with Abu Dhabi National Oil […]

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Shell to break Gazprom gas monopoly in Ukraine

Shell and Ukraine signed $10 billion deal in Davos Shell‘s Chief Executive Officer, Peter Voser, and Ukraine’s President Viktor Yanukovich took the opportunity of the World Economic Forum in Davos to sign a $10 billion agreement to develop shale gas resources in Ukraine. Last May 2012, Ukraine had selected two […]

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KBR to provide cracker technology to Cambodia first refinery

SINOMACH and CPC to build first Cambodia refinery On December 28th 2012, China Perfect Machinery Industry Corp (SINOMACH) and Cambodia Petrochemical Corporation (CPC) made the final investment decision (FID) to build the first crude oil refinery in the Kampong Som Petrochemical Industrial Zone along the southern coast in Cambodia. This […]

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Petronas and Total move on Malaysia K5 sour gas field

Total and Petronas organize double conceptual studies The french major Total and the Malaysian national oil company Petronas decided to organize parallel conceptual study for the development of the K5 gas field offshore the Sarawak province in southeastern Malaysia. Discovered in 1970, the K5 gas field is located 230 kilometers northwest […]

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Saudi Aramco to speed up Empty Quarter gas field development

Shell and Saudi Aramco prepare bids for Kidan FEED Shell and Saudi Aramco are working, through their joint venture South Rub Al-Khali Limited (SRAK), on the call for tenders of the front end engineering and design (FEED) of the Kidan gas field development project. Saudi Arabia holds the third largest […]

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Total and CNOOC to select Samsung for Egina FPSO

Samsung benefits from Nigeria local content regulation The french major Total and its partners, China National Offshore Oil Corporation (CNOOC) and Nigeria National Petroleum Company (NNPC), are in the process to approve Samsung Heavy Industries (Samsung) offer for Egina new-build floating production storage and offloading (FPSO) vessel. Egina project is […]

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Statoil goes for execution with Aasta Hansteen offshore project

Hyundai Heavy Industries books $1.1 billion Topsides  Statoil and its partners, OMV from Austria and ConocoPhillips from USA made the final investment decision (FID) and awarded the topsides, the most critical package, of the Aasta Hansteen project to Hyundai Heavy Industries. Previously named Luva, the Aasta Hansteen is located 300 […]

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M&G to build world largest PET single line in Texas Corpus Christi

M&G to invest $1 billion in PET and PTA plants in USA The Italian company Mossi & Ghisolfi Gruppo (M&G Group) made the final investment decision (FID) for to build a greenfield polyethylene terephthalate (PET) and purified terephthalic acid (PTA) plants in Corpus Christi in Texas, USA. M&G Group is a […]

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Total and Oil Search speed up exploration in Papua New Guinea

Total and Oil Search build reserves for Coral Sea LNG On October 9th 2012, the french major Total and the Australian – Papua New Guinea junior Oil Search Limited (Oil Search) signed a Farm-in agreement on five natural gas onshore and offshore blocks around the Gulf of Papua. This deal […]

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PDO plans for Marmul Polymer Project phases 2 and 3

Oman to invest $1 billion in new Chemical EOR Petroleum Development Oman (PDO) is working on the expansion of its Marmul Polymer project with flooding enhanced oil recovery (EOR) technique to maintain and increase the current production of heavy crude oil. Oman is one of the first country in the […]

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