Posts Tagged ‘Middle East’

BP to increase capital expenditure to $27 billion annually by 2020

BP to focus on crude oil Exploration & Production  UK major BP PLc (BP) is planning to increase its capital expenditure per year from $19 billion in 2011 and $22 billion in 2012 to $24 billion in 2014 and $27 billion by 2020. After Macondo blow and TNK-BP turbulences, BP is […]

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Bahrain Petroleum Company (BAPCO) in brief

Energising The Future The Barhain Petroleum Company (BAPCO) is a national oil company wholly owned by the Government of Bahrain. BAPCO is one of the oldest oil and gas company in the Gulf, established in Bahrain by the Standard Oil Company of California in 1929. First oil was discovered in 1932 […]

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One Day – One Country: Kingdom of Saudi Arabia

Saudi Arabia Key Projects and Business Highlights More than any other country, Saudi Arabia initiated in 2012 one of the most versatile program of investment for projects of the oil and gas and petrochemicals industry from offshore upstream to high performances chemicals. Following the discoveries in the Egyptian side of […]

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AMEC in brief

Shaping the Future AMEC plc (AMEC) started engineering activities in Canada more than 100 years ago when the Montreal Engineering Company (MEC) was established in 1907. In 1992, AGRA took over MEC to create AMEC. Today, AMEC  is listed in London Stock Exchange and is building up its market leadership […]

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CNOOC in brief

China National Offshore Oil Corporation The China National Offshore Oil Corporation (CNOOC) is the Chinese third largest oil and gas company in China after PetroChina (CNPC) and Sinopec. Based in Hong Kong, CNOOC was established in 1999 to develop the offshore resources in complement of PetroChina focusing on the onshore […]

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Gazprom opens North Pole sea route with first LNG carrier

Gazprom first LNG shipment from Norway to Japan Gazprom prepared and implemented successfully the first shipment of liquefied natural gas (LNG) through the freezing Northern Sea Route (NSR) around the North Pole from Norway to Japan. Leaving the Port of Hammersfet in Norway on November 9th, the Ob River LNG carrier […]

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Sabic investigates shale gas-based opportunities in USA

Sabic to expand petrochemical capacities in USA The Ryadh-based Saudi Basic Industries Corporation (Sabic), may join BASF, ChevronPhillips, Dow Chemical (Dow), Enterprise Products Partners (Enterprise), ExxonMobil, Evonik, Occidental Petroleum, Sasol, Shell, to increase its petrochemical foot print in USA to benefit from the low costs feedstock provided by the shale […]

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WorleyParsons in brief

Resources and Energy With Headoffice in Sydney, New South Wales, Australia, WorleyParsons was established in 2004 from the acquisition of the Californian engineering company Parsons E&C by the Australian Worley. Parsons E&C had a long history since 1944 in the downstream sector, refining, petrochemicals and power. Worley was established under the […]

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Saipem in brief

Tackle each challenge with safe, reliable and innovative solutions Headquartered in San Donato Milanese, next to Milano in Italy, Saipem is a subsidiary of the Italian national oil company ENI S.p.A. (ENI) operating in the engineering and contracting services. Previoulsy wholly owned, ENI floated 57% of the shares in 1984 in […]

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Fluor and Technip sign Shell engineering frame agreements

Fluor selected for Shell downstream projects in EMEA  On November 2nd, 2012, Shell and the US Fluor Corporation (Fluor) signed a 5 years enterprise framework agreement for engineering and management services. On November 15th, 2012, it was the turn of the Paris-based Technip to ink with Shell Global Solutions a […]

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