Posts Tagged ‘Final Investment Decision’

Happy New Year 2019

In 2018, twice more, in volume of capital expenditure, EPC contracts were awarded than in 2017. This step change is not related to some barrel price speculations bu to the new business models developed by the game changers, mostly the Independent companies taking now the lead of the market.

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Market Shift and Upturn

Did you see the Oil & Gas and Petrochemical Market Shift and Upturn?
The volume of Oil & Gas and Petrochemical engineering, procurement and construction (EPC) contracts awarded in 2018 is about to double compared with 2017 as a consequence of the market shift from the international oil companies (IOCs) to the national oil companies (NOCs) and independent companies.

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NefteGazIndustriya decides Afipsky Refinery Expansion in Russia

NefteGaz to add Delayed Coker in Afipsky Refinery The Russian NefteGazIndustriya LLC (NefteGaz) made the final investment decision (FID) to proceed with the expansion of its Afipsky Refinery in the Seversky District of the Krasnodar Territory on southwestern Russia. The Krasnodar Territory lies on the Black Sea east coast, in […]

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Statoil gears up with $31 billion Johan Sverdrup project

Norway to take technological lead with Johan Sverdrup Statoil Johan Sverdrup project is not only remarkable because of the context in which its final investment decision (FID) is made, but also as it will concentrate the most advanced technologies all along its development from the electrical power supply to the […]

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TransCanada US Keystone XL Pipeline ignores low barrel price

Nebraska Court sets green light to Keystone XL project On January 9th 2015, the Nebraska High Court gave the green light to TransCanada for the acquisition of lands to build and operate its giant Keystone XL Pipeline project to connect the Alberta tar sands to the US Gulf Coast downstream […]

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One Day – One Country: USA

USA Key Projects and Business Highlights 2014 The development of the shale gas in USA has continued to materialized in 2014 regardless the low prices of the local market around $4 per million BTU. The producing companies have fully integrated this situation and we assist to a concentration around the most […]

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Oman Oil Musandam gas-fired power plant reaches EPC stage

Oman Oil Musandam IPP to replace diesel powergen The wholly state-owned Oman Oil Company (Oman Oil or OOC) and its partner LG International Corporation  (LG) from South Korea made the final investment decision for their joint venture Musandam Power Company (MPC) independent power plant (IPP) to be built at Tibat-Wilayat […]

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Total gears up in UK North Sea Laggan-Tormore

Total to develop West Shetland Tormore Oil Rim project The French international oil company (IOC) Total SA (Total) and its partner DONG Energy A/S (DONG) from Denmark are considering to develop the crude oil field discovered in rim of the Laggan-Tormore gas fields offshore West Shetland in the UK North […]

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Noble Energy to go for conventional FPSO in Israel Leviathan

Noble and Woodside terminated Leviathan MOU In May 2014, the Texas-based independent company Noble Energy Inc. (Noble) and the Australian national oil company (NOC) Woodside terminated their memorandum of understanding (MOU) regarding their potential cooperation in the development of the giant non-associated gas field Leviathan offshore Israel in the Mediterranean […]

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Woodfibre LNG to save energy on British Columbia LNG project

Woodfibre goes for electrical LNG trains in Squamish The newly established Canadian company Woodfibre Natural Gas Ltd (Woodfibre) has made the decision to go for the electrical solution to drives the liquefied natural gas (LNG) trains of its Woodfibre LNG project planned at Squamish in British Columbia, Canada. Woodfibre LNG is one of […]

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