June 2013

Iraq to ramp up refining capacity with foreign investments

SCOP awards Technip Karbala Refinery PMC contract The Iraq national oil company (NOC) State Company for Oil Projects (SCOP) selected the French engineering company Technip to provide project management consultancy (PMC) services on the Karbala Refinery project in the center of Iraq. The Karbala Refinery project is part of the Iraq Government to invest between […]

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Total and Noble Energy to join CNHC in Cyprus LNG Project

Cyprus selected Vassilikos to locate three LNG Trains The French major company, Total, is reported to have signed a memorandum of understanding (MOU) with the newly formed Cyprus National Hydrocarbons Company (CNHC) on the second liquefied natural gas (LNG) train of the Cyprus LNG project. Through this agreement Total is joining Noble Energy (Noble) from Houston,

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BG Group to speed up Queensland Curtis LNG Phase-2 Project

BG Group opts for competitive FEED on QCLNG-2 The London-listed BG Group plc (BG) has decided to organize competitive bids on the front end engineering and design (FEED) for the expansion of its giant Queensland Curtis LNG (QCLNG) project in the Southeast of Australia. In its first phase, the QCLNG project was the first one

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Kazakhstan to build its petrochemical industry with Atyrau complex

KPI selects Sinopec Engineering for PDH and PP units The national company Kazakhstan Petrochemical Industry Inc Ltd (KPI) selected Sinopec Engineering Group (SEG) for the engineering, procurement, construction, and commissioning (EPCC) of the propane de-hydrogenation (PDH) and the polypropylene plants. This project is part of the petrochemical development program of the Republic of Kazakhstan to

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Petronas to develop marginal fields offshore Malaysia

Petronas calls for competitive FEED on Sepat project Since 2010, the national oil company (NOC), Petrolian Nasional Bhd (Petronas), has decided to put efforts to develop marginal fields offshore Malaysia. Around the Malaysian peninsula, Petronas identified 106 marginal oil fields representing more than 580 million barrels of crude oil that it cannot ignore any longer. These

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White paper PCIC 2013 – Moneytization of associated gases from offshore oil fields by electrical power generation

In this post, we publish the White paper PCIC 2013 on moneytization of associated gases. Every year around 150 billion cubic metres of gas are flared or vented across the global oil and gas sector. This is the equivalent to 32% of the European Union gas consumption. And offshore, more and more many small to

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QP and QAPCO prepare FEED for Ras Laffan Petrochemicals Project

Bechtel wins Ras Laffan Petrochemicals PMC contract The national oil company (NOC) Qatar Petroleum (QP) and the joint venture Qatar Petrochemical Company (QAPCO) selected the US-based engineering company Bechtel to provide project management consultancy (PMC) for the Ras Laffan Petrochemicals Project in Qatar. In this partnership with QP, QAPCO is itself a 80/20 joint venture between

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Samsung builds FPSO Market Leadership on Nigeria local content

Samsung to build the world largest FPSO in Nigeria In June 2013, Samsung Heavy Industries Upstream Nigeria converted a letter of appointment (LOA) into firm signed contract with Total Upstream Petroleum Nigeria (TUPNI) for the construction of the world ever largest floating, production, storage and offloading (FPSO) vessel in Nigeria. Samsung Heavy Industries Upstream Nigeria is the

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QGEP about to decide Brazil Atlanta development scheme

QGEP gauges two FPSO sizes for Atlanta heavy crude The first Brazilian independent oil company Queiroz Galvao Exploration & Production (QGEP) and its partners, OGX Petróleo e Gás Participações S.A (OGX) and Barra Energia do Brasil Petróleo e Gás Ltda (Barra Energia), are currently evaluating two different schemes to develop the offshore Block BS-4 and select the

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Petronas moves forward on RAPID Petrochemicals despite delays

Petronas calls for tender RAPID Package 8 EPCC The Malaysia national oil company (NOC) Petronas has sent the invitation to bid (ITB) to the pre-qualified engineering companies for the Package 8 of the Refinery And Petrochemicals Integrated Development (RAPID) project despite the one year delay announced earlier. With an estimated $20 billion capital expenditure, the

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