Posts Tagged ‘Global’

Mozambique battle intensifies between Shell and PTT

PTTEP bids above $1.9 billion cash to acquire Cove The state owned company PTT Exploration and Production Public Company Ltd (PTTEP) announced the terms of its new offer in cash to acquire the entire issued and to be issued share capital of Cove Energy plc. Since Shell and PTTEP from Thailand were competing to take over Cove Energy […]

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Polimeri Europa becomes Versalis to set new Business Model

ENI goes global in Petrochemical In the same time as ConocoPhillips revives the Phillips 66 brand to reposition its Downstream activities, ENI has decided to rename Polimeri Europa into Versalis.    The new name represents a tangible sign of ENI‘s 2011 decision to relaunch its petrochemical business. Born in 1994 from […]

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ENI and Novamont invest $1 billion in Matrica project

Versalis (ENI) and Novamont innovate with the Porto Torres bio-chemical complex Matrica Spa is a 50:50 joint venture between Versalis, previously called Polimeri Europa (the biggest Italian chemical company, a subsidiary of Eni), and Novamont (a global market leader in biodegradable plastics). Matrica has the mission to design, build and operate […]

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ONGC and ConocoPhillips sign MoU for shale gas in India

Oil and Natural Gas Corporation Limited (ONGC), India and ConocoPhillips, USA, have signed on March 30th a Memorandum of Understanding (MoU) to co-operate and develop the shale gas resources in India, North America and elsewhere besides deep water opportunities in Eastern offshore India.  The unprecedented growth of shale gas in the […]

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How shale gas reshapes the Oil&Gas and Petrochemical industry

When the USA, led by companies like ExxonMobil or Chesapeake, decided to boost the development of shale gas, the world perceived it as a local matter to help this country to reduce its reliance on overseas production countries. Then in 2011, the USA have become already self sufficient in gas, much […]

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