Posts Tagged ‘Major Companies’

Happy New Year 2016

New Environment – New Opportunities 2B1st Consulting is very pleased to wish you Happy New Year 2016 from its new Head Office in Chamonix – Mont-Blanc, France. This location is at the core of the European markets and close to Geneva International Airport with numerous direct connections overseas. In 2015 […]

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Shell confirms its integrated gas strategy

Shell to invest $20 billion in LNG and GTL for 2012 – 15 During Investors day in London, the major Royal Dutch Shell plc ( Shell) presented last week, its vision on the gas future global market and its strategy to sustain a profitable growth and market leadership in this sector. […]

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Abu Dhabi welcome new comers for concessions renewal

New players to bid against BP, ExxonMobil, Shell and Total With the onshore concessions expiring in 2014 and the offshore ones coming up in 2018, Abu Dhabi, in the UAE,  is to rewrite the terms of its producing fields and offer up fresh prospects. The first oil concessions covering all […]

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PCIC Middle East Conference to take place with ADIPEC

Electrical and Instrumentation experts to meet in Abu Dhabi on November 12th &13th 2012 PCIC stands for the Petroleum and Chemical Industry Committee. PCIC Middle East is the regional representation of PCIC Europe to organize the premier Conference for the exchange of experience in electricity and instrumentation in the oil and gas, chemical and pharmaceutical industries, covering all the aspects […]

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Drilling Charter

Definition Drilling charter refers to the decision of an operator to lease or hire the drilling rigs instead of using its own ones. The service company renting its drilling rig to an operator is called the charterer. Comments In the past each operating company used to have their own drilling […]

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Farm-in-Agreement

Definition Farm-in-Agreement is a contract signed between two companies, the Farmor and the Farmee, where the Farmor is the owner of the acreage and the Farmee is willing to perform the drilling and exploration in the acreage of the Farmor. The Farm-in-Agreement is very similar to the Farm-out-Agreement in the way […]

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Cheniere $10 billion LNG Terminal project turns to Export

Sabine Pass LNG Terminal opens overseas export to Shale gas production Originally planned to be a LNG  Import Terminal the Sabine Pass LNG project in Lousianna,USA, had been left in stand by for a while, until the Shale gas industry managed to put the domestic gas prices down below $4 […]

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Bio-Plastic

Definition “Bio-Plastic” refers to plastic produced out of biomass as all so called bio-products. They belong to the bio-based chemical family. They may be used for industrial fibers (bio-fibers) and chemicals (bio-chemical). The bio-platics are biodegradable through composting. Some can be composted under the harsher conditions of domestic composting, while others biodegrade […]

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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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“IOC”

Definition:  “IOC” is the acronym of International Oil Company and nominates the Oil & Gas companies which are privately owned and operate globally. Comment:  The most well-known “IOCs” are ExxonMobil, ChevronTexaco, , BP, Shell, Total, ConocoPhillips. They are also called the “Major Companies” or simply the “Majors” as they are […]

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