Posts Tagged ‘unconventional resources’

ONGC to gear up on Redevelopment Mumbai High South Phase-3

ONGC to boost India Western Offshore oil production The State-owned Oil and Natural Gas Corporation Limited (ONGC) company has made the final investment decision (FID) to proceed with the Redevelopment Mumbai High South Phase-3 project as part of its program to boost the crude oil and natural gas production from […]

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Badlands NGL to build $4 billion North Dakota Polyethylene project

Badlands NGL and Vinmar to monetize US shale gas  The Delaware-registered company Badlands NGL’s LLC (Badlands NGL) and Vinmar Projects (Vinmar) from Houston, Texas, signed a memorandum of understanding (MOU) to design, build, operate a world-scale polyethylene greenfield plant and merchant its production out of North Dakota shale gas basins […]

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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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One Day – One Country: Argentina

Argentina Key Projects and Business Highlights Argentina is one these countries with oil and gas reserves among the largest in the world but have hard to stand self-sufficient in energy. Since 2007, the export tax scheme for oil and gas was conceived primarily to allocate the local production to the domestic market […]

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Saudi Aramco considers again LNG Import Terminal project

Saudi Arabia to work on Red Sea LNG Terminal Project The national oil company Saudi Aramco is considering again to build liquefied natural gas (LNG) import terminal on the Red Sea. In the previous years, the Kingdom of Saudi Arabia has already pushed and shelved this Red Sea LNG import […]

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Dow Chemical to invest upstream to secure gas supply

Dow to pioneer Argentina first shale gas pilot project The Dow Chemical Company (Dow) from USA and the Argentina national oil company YPF  signed a memorandum of understanding (MOU) to develop shale gas in the giant deposit of the Vaca Muerta in the eastern Province of   Neuquen. For Dow, […]

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Rosneft goes global

Rosneft’s Neftegaz signed farm-in agreement with ExxonMobil in Gulf of Mexico deepwater The first week of March gave the opportunity to Rosneft to unveil its objective to go global in multiplying strategic partnerships with leading companies such as ExxonMobil. On March 6th 2013, Rosneft‘s subsidiary Neftegaz America Shelf LP (Nefetgaz) signed […]

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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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CNOOC and Petronas to step in Canada oil sands

CNOOC and Petronas to acquire Nexen and Progress On December 7th, 2012, Canada Prime Minister John Harper announced the approval for two national oil companies China National Offshore Oil Company (CNOOC) and Petronas from Malaysia to acquire respectively:  – Nexen Inc. (Nexen)  – Progress Energy Resources Corp. (Progress) For Nexen, […]

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Canadian Northern Gateway Pipeline to benefit from US shale gas pressure

Non-end drive to USA paves Enbridge way to Asia With the cancellation of the $16.2 billion Mackenzie Valley pipeline project, Canada integrates the new situation created in the USA with the exponential development of the shale gas these last years. Proposed in the 1970s and finally approved by the Canada’s […]

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