Posts Tagged ‘Green field project’

Samsung harvests $1.9 billion Russian contracts in Iraq

Lukoil awarded $1West Qurna Phase 2 to Samsung Engineering  Samsung Engineering officially signed a contract, worth approximately $1 billion, with LUKOIL Mid-East Ltd. (Lukoil) for the development of the West Qurna Phase 2 Contract Area and thereafter to  provide assistance to LUKOIL with its carrying out of the commissioning and start up. This […]

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Gazprom continues to award packages for $2 billion Badra Oil field

Petrofac won the first Oil Central Processing Facility (CPF) The Gazprom Neft (Gazprom) Badra oil field is located in the Wasit Province at the Southeast of Iraq. The Badra oil field stakeholders are Gazprom, the operator with 30% share, then KOGAS with 22%, Petronas with 15%, TPAO with 7.5% The […]

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Sasol to surf Downstream on the US Shale gas wave

$4 billion Louisiana Ethylene Cracker: On going Feasibility Study The South African energy and chemicals major Sasol’s board of directors has approved a feasibility study for a possible ethylene cracker and derivatives project at Lake Charles, Louisiana, USA. Sasol’s decision to move to a feasibility study on the USA project comes after the […]

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Rosneft and Statoil sign for Barents & Okhotsk Seas Exploration

After ExxonMobil and ENI, Rosneft extends its domino strategy to Statoil Rosneft and Statoil signed a cooperation agreement to jointly explore offshore and onshore fields in the Russian sections The cooperation agreement also provides Rosneft with an opportunity to acquire interests in selected Statoil exploration licences and assets in the […]

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Grass-roots

Definition:  The wording “Grass-roots” refers to a new plant to be built up from scratch. It has no connection with the process to be used. Comment:  “Green field’ is the most common synonym of “Grass-roots”, both oppose to “Brown field” which is used for existing facilities. For more information and […]

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