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Oil price in Euro
Last week the North Sea crude quoted in euro exceeded with 93.63 euro a barrel the previous peak of July 2008 at 93.5 euro. We were used to see the barrel price in US dollars on high levels, especially...
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Shell sustainable growth
For 2011, Shell reported $470 billion revenues and $37 billion in free cash flow, well supported by an average price of the barrel over $100 and a shift in the gas market toward countries with higher...
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Statoil awards a series of projects
Well supported by its financial performances and the sustainable price of the oil, Statoil has announced on the last weeks a series of projects. Snorre A Platform revamping Statoil awarded Aker...
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Dong Hejre project in Denmark
Technip, in partnership with Daewoo Shipbuilding & Marine Engineering (DSME), was awarded by Dong E&P and Bayerngas, a contract for the HEJRE project development, offshore Denmark, at a water...
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Baku Oil & Gas and Petrochemical complex
The State Oil Company of Azerbaijan (SOCAR) has invited local and foreign companies in Baku in April to build the partnerships around this $15 billion oil & gas and petrochemical complex in Baku,...
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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...
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Upstream
Definition: “Upstream” refers to the flow of oil or gas coming up from the reservoir to the surface. By extension “Upstream” has been adopted by the Oil & Gas industry to nominate all activities...
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Range Resources Marcellus Shale Gas Project in Pennsylvania, USA
Today the Marcellus Shale gas field in USA is considered with its 500 trillion cuf gas reserves as the second biggest gas field in the World after… the North field in Offshore Qatar. Many companies...
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China kicks off its shale gas development program
After benchmarking the USA who should become a net gas exporter in 2012 for the first time in their history, China has learnt the lesson very fast and decided to develop their reserves of shale gas on...
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