Posts Tagged ‘offshore’

One Day – One Country: Algeria

Algeria aims to double oil & gas production in 10 years After a couple of years with no significant investments and the trauma of the In Amenas  attack, the Algerian Government and its national oil and gas company (NOC) Sonatrach have decided to ramp up the oil and gas production in order […]

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BP and Oman Oil signed Khazzan and Makarem tight gas project

BP – OOC start Oman Block-61 development phase-1 BP and the Sultanate of Oman took one year to align on a $16 billion capital expenditure program to develop the first phase of the Khazzan and Makarem tight gas fields of the Block 61 in the center of Oman. With this […]

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Dangote Nigeria Refinery and Petrochemical Complex on track

Dangote awarded PMC and EPCM contracts to EIL The privately-owned Dangote Group selected the Indian state-owned engineering company Engineers India Ltd (EIL) to provide engineering, procurement and construction management (EPCM) services for the $9 billion refinery and petrochemical complex to be built at Olokola in Nigeria. This EPCM contract comes on […]

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Ecopetrol to develop Colombia East Cano Sur heavy crude oil field

Ecopetrol to invest $6.5 billion in exploration-production In 2014, the Colombia national oil company (NOC) Ecopetrol SA (Ecopetrol) has announced to invest more than $6.5 billion capital expenditure into exploration and production including the development of the East Cano Sur heavy crude oil field in Puerto Gaitan. Overall, Ecopetrol is […]

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Gazprom to upgrade and revamp Russia largest refinery

Gazprom awards Omsk Hydrocracker FEED to CB&I The Russian giant JSC Gazprom Neft (Gazprom) is planning to revamp and upgrade its existing Omsk refinery in Western Siberia, Russia. After the successful completion of Gazprom Pancevo hydrocracker complex, in Serbia, the engineering company CB&I has been awarded the front end engineering […]

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Total scoops InterOil Gulf LNG project in Papua New Guinea

Total takes Elk and Antelope gas fields majority stake The Paris-based international oil company (IOC) Total took a leap on the finish line ahead of other majors companies to close a deal with the New York-listed junior Inter Oil Corporation (InterOil) to acquire majority stake in the giant Elk and […]

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Kuwait sets pace to develop PIC Olefins-III project

PIC Olefins-3 integrated in KNPC New Refinery Project The wholly state-owned Petrochemicals Industries Company (PIC) is considering to relocate its Olefins-3 project along the New refinery Project (NRP) planned by Kuwait National Petroleum Company (KNPC) in Al-Zour, Kuwait. PIC and KNPC may be defined as sisters companies as both belongs to the […]

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Sunbird to develop South Africa largest offshore gas field

Sunbird mulls over FPSO for Ibhubesi Phase-1 The Australian company Sunbird Energy (Sunbird) and its local partner, the national oil company (NOC) PetroSA, are considering to use a floating production, storage and offloading (FPSO) vessel to develop the Ibhubesi gas field offshore the west coast of South Africa. Discovered in […]

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Premier Oil to decide soon on Catcher in the UK North Sea

Premier Oil to award Catcher FPSO EPC contract The London-based company Premier Oil (Premier) and its partners, Cairn Energy (Cairn) from Scotland and the Basf subsidiary Wintershall from Germany, are on the point to make the final decision to award the engineering, procurement and construction (EPC) contract for a floating, […]

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Shell makes step with Pennsylvania Petrochemical Complex project

Shell confirms Monaca Ethane Cracker on projects list After reassessing its projects list in regards of its investment capabilities, the super major Royal Dutch Shell (Shell) is confirming its Pennsylvania Petrochemical Complex project and the related Monaca Ethane Cracker to stay in its projects list. Instead, Shel is reconsidering the envisaged gas to liquid […]

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