Posts Tagged ‘utilities’

Shell and Petronas to invest $1 billion in 2013 in Iraq Majnoon oil field

Shell and Petronas to double Majnoon production The super major Shell and its partners, the national oil companies Petronas from Malaysia and South Oil Company (SOC) from Iraq, are planning to invest up to $1 billion capital expenditure to double the production at the Majnoon oil field in the south […]

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Statoil goes for execution with Aasta Hansteen offshore project

Hyundai Heavy Industries books $1.1 billion Topsides  Statoil and its partners, OMV from Austria and ConocoPhillips from USA made the final investment decision (FID) and awarded the topsides, the most critical package, of the Aasta Hansteen project to Hyundai Heavy Industries. Previously named Luva, the Aasta Hansteen is located 300 […]

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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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“IPP”

Definition IPP is the acronym of Independent Power Project. IPP may also be used for Independent power Producer. In both cases IPP refers to non-public utility company investing or operating power generation facilities. Comments Until the years 1980s, the power generation facilities were mostly run by public entities in each country […]

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CB&I to acquire The Shaw Group for $3 billion

CB&I to broaden energy portfolio from LNG to Nuclear July 30th, 2012, CB&I and The Shaw Group (Shaw) announced to have closed a deal by which CB&I will acquire The Shaw Group. Shaw is a 25 years old engineering and services company well established as global provider of: Engineering and […]

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ZADCO awards $800 million Upper Zakum (UZ 750) EPC1

Technip and NPCC win Upper Zakum 750 EPC1 After completing the front end engineering and design (FEED) work, Technip and its local partner National Petroleum Construction Company (NPCC) have been awarded the first EPC package called EPC1 of the Upper Zakum development project in Abu Dhabi, UAE. Upper Zakum project is developed by Abu Dhabi’s Zakum […]

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Major Shell leaves Cover Energy to the National PTT

Shell do not revise its offer on Cove Energy against PTT Last February, Shell Exploration and Production B.V.(Shell) had made an offer on  to take over Cove Energy (Cove), then the Thai National Oil Company (NOC), PTTEP came into the game with the counter offer. After different bids, both companies maintained […]

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Brownfield

Definition Brownfield refers to project of expansion or revamping or services on an existing facility By opposition greenfield is the common word to describe a new project. Comments In that respect a brownfield investment covers also the situation where a company or government entity purchases or leases existing production facilities to launch a new […]

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Topsides

Definition The Topsides are the surface installations allowing the drilling and/or production and/or processing of offshore hydrocarbons. Comments Normally used as a plural the Topsides comes from the ship building industry to designate all the portion of the ship coming on the top of the hull or above the waterline. […]

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Shell and Qatar Petroleum move ahead with Ras Laffan petrochemical

Shell and QP plan $6.5 billion capital expenditure for the Ras Laffan petrochemical complex In 2011, Qatar Petroleum and Shell signed a Heads of Agreement for the Development of a World-scale petrochemicals Complex in in Ras Laffan Industrial City, Qatar This agreement follows the conclusion of a joint feasibility study conducted by the […]

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