A Barrel Fulll Archive

2013-12-19 LOTOS Exploration & Production Norge, which had entered into an agreement with Centrica Norge on the acquisition of the Heimdal assets on the Norwegian Continental Shelf, has received clearance from the Norwegian authorities to finalise the transaction. All conditions precedent of the agreement have now been met.  On November 5th 2013, LOTOS Norge, a subsidiary of LOTOS Petrobaltic, reported that it had executed an agreement to acquire interests in 14 licence areas located on the Norwegian Continental Shelf. The annual production attributable to LOTOS's interests in the Norwegian assets is approximately 240 thousand toe (5 thousand boe/d), of which 70% is natural gas and 30% is condensate (light crude). For LOTOS, the agreement is a major step forward in the implementation of its upstream segment's development strategy, and radically changes the Company's situation in terms of diversification of its production assets. As a matter of strategy, LOTOS intends...

05.01.2021 The Norwegian petroleum authority has issued formal approvals for PGNiG Upstream Norway to acquire interests in licences covering the Kvitebjørn and Valemon fields in the North Sea. Having brought up the number of licences in which the company holds interests to 32, the new acquisitions will contribute to a substantial increase in the PGNiG Group’s gas production volume on the Norwegian Continental Shelf already in 2021. The interests in four licences covering the producing fields Kvitebjørn and Valemon were acquired by PGNiG Upstream Norway, a wholly-owned subsidiary of PGNiG SA, in September 2020 under an agreement with Norske Shell. Both newly acquired fields contain predominantly natural gas. “We are beginning 2021 on a high note. Thanks to our experience and capabilities, we have been able to develop our operations on the Norwegian Continental Shelf despite the pandemic-related headwinds. As the approved acquisitions involve already producing fields, they will immedia...

05/31/2023 Vertex Energy, Inc. (NASDAQ: VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced the successful completion of the startup procedures for its renewable diesel conversion project at its Mobile, Alabama, refining facility . Additionally, the Company announced that it has entered into a new working capital facility with existing liquidity provider, Macquarie Group’s Commodities and Global Markets business (“Macquarie”), to supply the necessary liquidity for securing feedstock for renewable diesel production. Commercial Production of Renewable Diesel Now Underway After a two-week period of downtime related to the previously disclosed repairs on the feedstock pumping system, repair and reinstallation operations have been successfully completed. Startup procedures were completed last week and the Company is pleased to report that the renewable diesel facility has achieved initial productio...

Apr 01, 2022 Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell USA, Inc., and Shell Chemical LP, subsidiaries of Shell plc (Shell), has completed the sale of its Chemical LP Refinery in Mobile, Alabama , to Vertex Energy Operating LLC (Vertex Energy), for $75 million in cash plus the value of the hydrocarbon inventory and other closing adjustments and accrued liabilities. The agreement covers the sale of the Mobile refinery and associated co-located logistics infrastructure, including product racks, an associated dock, and the Blakeley Island Terminal. As part of its Powering Progress strategy, Shell plans to consolidate its refining footprint to five core Energy and Chemicals parks globally. These locations, including Norco in the U.S. Gulf Coast, will maximize the integration benefits of conventional fuels and chemicals production while also offering new low carbon fuels and performance chemicals. They also offer future potential hubs for sequestration. Shell has been provid...

27 April 2021 Reabold, the investor in upstream oil and gas projects, is pleased to announce that it has conditionally offered to acquire additional Corallian Energy Limited ("Corallian") shares from existing Corallian shareholders, in exchange for Reabold shares, at a ratio of 474 Reabold shares for 1 Corallian share (the "Offer"), potentially increasing Reabold's shareholding in Corallian to a maximum of 49.99%. Highlights: Share offer to acquire up to 13.12% of Corallian Energy shares at a ratio of 474 Reabold shares per Corallian share The Offer could significantly increase Reabold's position in the low-risk, high potential Victory Gas Discovery to up to 49.99% Draft Field Development Plan anticipated to be submitted by year end Planned 3-year gas production plateau from Victory, at a rate of 70 mmscf/d (11,666 boepd) from Q4 2024, delivering over 25 BCF of gas per year Victory is located near existing infrastructure and in particular the Total-operate...

15 September 2022 Reabold, the AIM quoted investing company with a portfolio of upstream oil and gas projects, is pleased to announce that, further to its announcements of 4 May 2022 and 14 September 2022, it has completed the acquisition of Corallian Energy Limited's ("Corallian") working interest in all the non-Victory (P2596) licences within the Corallian portfolio, being: P2396, P2464, P2493, P2504 and P2605 (all at 100% working interest) and P2478 (36% working interest).

September 30, 2005 LUKOIL Overseas Holding Ltd., a 100% subsidiary of LUKOIL has made an offer to acquire 100% of the share capital of Nelson Resources Limited for US$2 billion. In addition, LUKOIL now reached an agreement with the shareholders of Nelson Resources Limited, holding in aggregate approximately 65% of the outstanding shares of Nelson Resources Limited, to purchase their shares at the offer price. This price represents a premium of 27.5% to the six-month average trading price of Nelson Resources Limited. In order to treat all shareholders equally, LUKOIL has entered into negotiations with Nelson with a view to extending the offer to minority shareholders at the same price. LUKOIL intends to immediately start to work closely with the Kazakh authorities to secure all necessary approvals to consummate this transaction. LUKOIL’s President, Vagit Alekperov said: “We are satisfied with the agreement with Nelson’s principal shareholders to acquire the controlling block of shares. ...

2 August 2018 Nostrum Oil & Gas PLC (LSE: NOG) (“Nostrum”, or “the Company”), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces that through its subsidiary Zhaikmunai LLP it has entered into binding agreements to process third party hydrocarbons delivered by Ural Oil & Gas LLP (“UOG”). UOG is a company that is owned by KazMunaiGas (“KMG”) (50%), Sinopec (27.5%) and MOL Group (“MOL”) (22.5%). According to the 2017 KMG Annual Report, the Rozhkovskoye field has 196 million boe 2P reserves booked. Research produced by Wood Mackenzie states that the company has already drilled and completed eight wells in the Rozhkovskoye field. The Rozhkovskoye field is within 20km of Nostrum’s Chinarevskoye field. Once UOG has obtained all necessary internal approvals they will fund the infrastructure required to deliver the hydrocarbons to the boundary of the Chinarevskoye field. The high level comm...

On December 25, 2023, LSP led by Mr. Kulachet Dharachandra, General Director together with DGDs and management, welcomed Mr. Nguyen Van Tho, Chairman Of the People’s Committee of BRVT Province to celebrate the full complex start-up of the LSP complex . To mark this important milestone, LSP respectfully invited Mr. Tho to press the symbolic button and celebrate the start-up of the whole complex. Additionally, he was given a tour of the warehouse to witness the preparation for product shipment to customers. Mr. Nguyen Van Tho stated during the visit “I witnessed your hard work and efforts from the beginning of the construction to the successful start-up of this mega project, despite the many challenges faced during the Covid-19 pandemic. On behalf of BRVT PC, I would like to extend my congratulations to LSP management, engineers, and staff for the successful start-up. I firmly believe that after the performance test run, the complex will enter commercial operation and greatly transform V...

24/06/2022 LSP led by Mr. Tharna Sanee, General Director of LSP, joined the “Successful Turn Over to Operation Ceremony” at Package A2, LSP complex. Attending the ceremony, there were representatives of POSCO E&C, Mr. Hyun Seok Lee, Chief Representative, Mr. Dong Ha Son, Project Manager of Package A2, representative of PVC-MS, Mr. Le Sanh Thanh – Project manager, and employees of LSP, POSCO E&C and PVC-MS. The event was set up to celebrate the successful construction of jetty and tank farms and to officially turn over the area to operation. This marked an important step of LSP as it is the first gate to allow LSP to continue the commissioning of other facilities. Mr. Tharna Sanee said at the event that he is highly appreciated the efforts of all parties involved in this success and also emphasized good collaboration and mindset of working as “One team” are the key factors of this success.

31/05/2018 LSP signed a deal to purchase up to 2 million tons per year of LPG and Naphtha for a period of 15 years from Qatar Petroleum, the world’s largest LNG producer. The long-term agreement was signed by Qatar Petroleum for the Sale of Petroleum Products Company Ltd. (QPSPP) and Long Son Petrochemicals Company Limited (LSP), a subsidiary of The Siam Cement Public Company Limited. Qatar Petroleum acts as the marketing agent for QPSPP. The agreement will commence with the start of Vietnam’s first green-field petrochemical complex , which is being constructed on Long Son Island, 100 km southeast of Ho Chi Minh City. The large facility is expected to begin production in 2023. The LSP Project will have a million tons per year ethylene cracker with flexible gas and naphtha feed to yield in total olefins production capacity of up to 1.6 million tons per year depending on the feedstock mix.

22/07/2018 Samsung Engineering, one of the world’s leading engineering, procurement, construction and project management (EPC&PM) companies, announced today, that it signed a $500 million range contract with Long Son Petrochemicals Co., Ltd. (LSP), a subsidiary of SCG Chemicals, for a Polyolefins project in Vietnam at an official signing ceremony at the SCG Chemicals headquarters in Bangkok, Thailand. The project is located in the Long Son Island, Ba Ria-Vung Tau Province 30km north of Vung Tau City and 70km southeast of Ho Chi Minh City, Vietnam. The contract was signed by LSP’s General Director Thammasak Sethaudom and Samsung Engineering’s President & CEO Sungan Choi and the ceremony was further attended by Cholanat Yanaranop President of SCG Chemicals and Somchai Wangwattanapanich SVP of SCG Chemicals. Samsung Engineering will deliver a High-density polyethylene (HDPE) plant at 450 Kilo-Tonnes Per Annum (KTPA) capacity and a Polypropylene (PP) plant with the capacity of 400 ...

Aug. 28, 2018 TechnipFMC (Paris:FTI) (NYSE:FTI) (ISIN:GB00BDSFG982) has been awarded by Long Son Petrochemicals Co., Ltd. (LSP), a large contract for the licensing, engineering, procurement, construction, commissioning and start-up of Vietnam’s first olefins plant on Long Son Island , Ba Ria-Vung Tau province, Vietnam. Designed as a flexible feed cracker, the olefins plant can utilize both naphtha and LPG(3) feeds to produce olefins of up to 1.6 million tons per year depending on the feedstock mix. The olefins will help meet Vietnam’s rising demand for petrochemical products. The plant will also include proprietary licensed units(4) and will be based on TechnipFMC’s proprietary ethylene technology. TechnipFMC is executing the project in a consortium with SK Engineering & Construction Co., Ltd. of South Korea. TechnipFMC is the leader of the consortium and, as a global company, will execute all engineering, as well as the procurement of critical equipment from its operating centers ...

07.07.2015 “KazTransOil” JSC has completed reconstruction of 19 km Barsengir - Atasu section of Pavlodar - Shymkent main oil pipeline (MP) . The project on reconstruction of the section of Pavlodar - Shymkent MP was implemented to ensure that the pipeline capacity in the reverse direction of the section of the Head Oil Pumping Station (HOPS) named after B. Dzhumagaliyev - OPS Barsengir - HOPS Atasu is up to 20 million tons per year. These works were carried out as part of a large international project titled “The second phase of the second stage of construction of Kazakhstan - China pipeline. Increase in productivity up to 20 million tons per year”. The reconstruction included installation of 19 km pipeline of Barsengir - Atasu section of Pavlodar - Shymkent MP, devices for inlet and outlet of cleaning agents and diagnostics of oil pipelines, linear unit, etc. The cost of works is 4,1 billion tenge, all works were completed in time. The work acceptance certificate of the State Acceptan...

24.08.2016 On 22 August this year, at about 6.00 p.m., an incident took place within the area of the vacuum distillation unit at the site of the Petromidia Refinery owned by KMG International. During repair works to eliminate a leakage in the vacuum distillation unit flowline, a spill of the distillate and its further burning occurred. The repair works were carried out in compliance with the established rules and procedures, using a special device for isolating the flowline. At 7.30 p.m. the fire was brought under control and fully quenched with the assistance of the Petromidia Refinery's fire-fighting teams jointly with the units of the Emergency Situations Inspection Branch of Dobruja, Constanţa County, and the Fire Squad of Midia-Năvodari. During the incident 4 employees of Rominserv (KMG International's wholly-owned subsidiary) were injured, one of them died. The condition of the remaining injured, who were provided with medical aid at a hospital, is marked as stable. A ta...

08.10.2020 On 7 October 2020, Chairman of the Management Board of JSC NC “KazMunayGas” (KMG) Alik Aidarbayev and President of PJSC LUKOIL Vagit Alekperov signed in Moscow an agreement on the Al-Farabi project. The state authorities had earlier amended the State Subsoil Fund Management Programme to rename the I-P-2 site as Al-Farabi subsoil site. In June 2019, a principles agreement was signed between KMG and LUKOIL in respect of this project, whereby the companies agreed on the basic terms and conditions for its joint implementation. Today's agreement is the next stage of joint activities related to this subsoil site. The following step will involve the signing of a contract for the exploration and production of raw hydrocarbons. The document signed today defines the rights and obligations of KMG and LUKOIL regarding the operations of the future subsoil user under the Al-Farabi project. The agreement will enter into force after KMG obtains the subsoil use right by entering into a s...

11.12.2020 On 11 December 2020, an official ceremony of bringing two wells into pilot operation at the East Urikhtau field took place in Aktobe Oblast. The ceremony was attended by Chairman of the Management Board of JSC NC “KazMunayGas” Alik Aidarbayev, First Deputy Akim of Aktobe Oblast Nurzhaugan Kalauov, Deputy Chairman of the Management Board, Exploration and Production, of JSC NC “KazMunayGas” Zhakyp Marabayev, and General Director of Urikhtau Operating LLP Amangeldy Taspikhov. During the field inspection, the delegation members visited the camp, well VU-1 and the booster pump station. Note that the Resolution of the Investment Committee of JSC NC "KazMunayGas" (KMG) approved the implementation of the first phase of the Urikhtau project in May 2020. As part of the implementation of this phase, bringing into operation of two wells at the East Urikhtau field and five wells at the Central Urikhtau field is planned for December 2021. In case of successful completion of the...

10.09.2021 On Friday, 10 September, Daniyar Tiyessov, Deputy Chairman of JSC NC “KazMunayGas” Management Board for Oil Refining and Oil Chemistry, Chairman of KPI Inc. LLP Management Board, and Kevin Lyon, General Director of Tengizchevroil LLP, signed an agreement for the supply of propane from Tengiz field to the polypropylene plant in Karabatan. The agreement signing ceremony was attended by Alik Aidarbayev, Chairman of KMG’s Management Board, and John Baltz, Managing Director of Chevron’s Eurasian Business Unit. Let us recall that the construction of one of the largest plants over the years of the country’s independence commenced pursuant to the instruction of Yelbassy Nursultan Nazarbayev, the First President of the Republic of Kazakhstan. To date, the overall progress of the project has exceeded 90%, mechanical completion is expected at the end of this year. According to the signed agreement, Tengizchevroil will supply raw materials to the polypropylene plant. The annual supplie...

29.07.2022 On 29 July, Magzum Mirzagaliyev, Chairman of the Management Board of JSC NC “KazMunayGas” (KMG), visited JV CASPI BITUM LLP during his business trip to Mangistau Region. Let us recall that at an extended government meeting on 14 July 2022 President Kassym-Jomart Tokayev called the shortage of road construction materials artificial, stating that “the potential of domestic road bitumen production is not fully reached”. “Kazakhstan has all the necessary materials for road construction. But the potential of domestic production is not fully exploited. This is an ‘artificial’ shortage. For example, there are three bitumen plants in the country. Nevertheless, there is a shortage of 200,000 tonnes of bitumen,” the President said, calling for the active use of local resources for high-quality road construction. According to Kazakhstan’s Ministry of Economy, the country will need about 1.1 million tonnes of road bitumen for road construction and repair in 2022. Caspi Bitum’s Aktau ro...

24.11.2022 On 23 November in Mangistau region, Kazakh Gas Processing Plant LLP (KazGPP) held an official ceremony to reward 79 plant employees who were actively engaged in the construction and commissioning of new compressor units. Let us recall that on 1 November the plant commissioned five new Ariel compressor units with Waukesha gas reciprocating engines (made in the U.S.), which enabled a 20% increase in the volume of gas taken for processing. It is compressor units that compress feed gas, and then the compressed gas is sent to the sulphur removal stage. The new compressor units were commissioned under the New Compressor Unit Construction project according to the 2022–2025 KazGPP equipment reliability programme adopted in January 2022, which will ensure the smooth operation of the plant until a new gas processing plant in Zhanaozen is commissioned. The programme encompasses the replacement of the main worn-out and obsolete column, pumping and compressor equipment as well as tanks ...

31.01.2022 New oil deposits have been discovered at the Uzen field in the Mangistau region through additional exploration. As a result, recoverable oil reserves have increased by 39.9 million tonnes. The increase in hydrocarbon reserves will have a significant impact on the economic performance of JSC NC “KazMunayGas”. In 2017, a team of geologists from JSC NC “KazMunayGas”, Ozenmunaigas JSC, KMG Engineering LLP and the Aktau Branch of KMG Engineering initiated a detailed programme of additional exploration of the Uzen field. A high-resolution 3D seismic survey (368 sq. km) was carried out, the entire well stock (more than 7,500 wells) was reinterpreted, the geological concept was revised and the geological 3D model was rebuilt during 2017–2021 under the program. Following the work done, the field’s structure was detailed and new oil deposits were discovered. As a result, the oil reserves of the Uzen field increased by 8%, which equals 39.9 million tonnes of recoverable reserves. The ...

September 17, 2019 Infraestructura Marina del Golfo (IMG), a joint venture between TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energía) and Infraestructura Energética Nova (BMV: IENOVA) (IEnova), is pleased to announce commencement of the commercial operation of the Sur de Texas-Tuxpan (Sur de Texas) marine natural gas pipeline. With a transportation capacity of 2.6 billion cubic feet per day, the Sur de Texas natural gas pipeline significantly increases the reliable supply of economic natural gas to Mexico to meet the growing demand in the central and south-southeast regions of the country.  “Following the agreement with CFE and the Mexican government, this important project of energy infrastructure provides a vital link between abundant, low-cost natural gas supplies and growing markets in Mexico for decades to come,” said Robert Jones, president TC Energía. “Through our partnership with the Comisión Federal de Electricidad (CFE), we remain committed to helping Mexico meet t...

25 August 2014 GDF SUEZ, together with its partner PEMEX, announces the start of construction on the Ramones Phase II South pipeline (Ramones II South), a segment of the Ramones natural gas pipeline system , which is one of the largest energy infrastructure projects in Mexico’s history, extending from the Texas border to central Mexico. Established as a joint venture1 between PEMEX and GDF SUEZ, Ramones II South will span 291 kilometers from San Luis Potosi to Apaseo El Alto, Guanajuato, and represents a total estimated investment cost of USD 1 billion. The Ramones II South pipeline will have the capacity to deliver 1.4 billion cubic feet per day of natural gas. “We are delighted to begin construction of the Ramones II South pipeline, which will be key to the expansion of the natural gas transportation system in Mexico,” said Gerard Mestrallet, Chairman and CEO of GDF SUEZ. “This investment demonstrates our Group’s confidence in Mexico’s growing economy and our commitment to play an ...

June 13, 2016 News Release – TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) today announced that its joint venture with IEnova, Infraestructura Marina del Golfo (IMG), has been chosen to build, own and operate the US$2.1 billion Sur de Texas – Tuxpan natural gas pipeline in Mexico. The project will be supported by a 25-year natural gas transportation service contract for 2.6 billion cubic feet a day with the Comisión Federal de Electricidad (CFE), Mexico’s state-owned power company.  “We are extremely pleased to further our growth plans in Mexico with one of the most important natural gas infrastructure projects for that country’s future,” said Russ Girling, TransCanada’s president and chief executive officer. “This new project brings our footprint of existing assets and projects in development in Mexico to more than US$5 billion, all underpinned by 25-year agreements with Mexico’s state power company.”  The bid for the Sur de Texas – Tuxpan project was presented in ...

15.06.2022 On 13 June 2022, JSC NC “KazMunayGas” (KMG) completed the transaction on acquisition of the 49.5% interest in Kazakhstan Petrochemical Industries Inc. LLP (KPI Inc.) from Samruk-Kazyna JSC. Let us note that in June 2018, KPI Inc. was placed under KMG’s trust management. KPI Inc. is implementing the polypropylene production plant construction project in Atyrau Region. The plant is intended to export its products to be sold on the RK’s domestic market. The plant’s design capacity is 500 thousand tonnes of polypropylene per year.

04.06.2021 On 3 June 2021, NWF Samruk-Kazyna JSC (the Fund), JSC NC “KazMunayGas” (KMG) and PJSC SIBUR Holding (SIBUR) have signed the basic terms of cooperation for the integrated gas chemical complex construction project in Atyrau region (Phase 1 – polypropylene production, Phase 2 – polyethylene production). The event took place during the St. Petersburg International Economic Forum. According to the document, the parties will consider the possibility of SIBUR's participation in the integrated gas chemical complex construction project. It is expected that the partners will make a decision on joint participation in the project following SIBUR's study of its economic efficiency by the end of 2021. “In case of an affirmative resolution to enter the project, SIBUR will become a reliable partner we need to implement a complex, so important to our country. I would also like to note that this project will receive our comprehensive support. We will take all necessary measures for i...

19.03.2021 Karachaganak Petroleum Operating B.V. (KPO) has announced a successful completion of the Karachaganak Gas Debottlenecking (KGDBN) Project. The ceremonial launch of KGDBN Project was attended by senior officials from the Western Kazakhstan Oblast Akimat lead by Akim Gali Iskaliyev, JSC NC KazMunaiGas lead by the Chairman of the Board Alik Aidarbayev, KPO General Director and Chief Executive Officer of SICIM, the Contractor Company. Commenting on the event, Edwin Blom, KPO General Director, said: “We are delighted to announce this significant achievement which is in full alignment with the RoK President Kassym-Zhomart Tokayev’s vision for the development of Karachaganak field . The successful completion of the KDGBN Project represents a historical milestone in the continued development of the Karachaganak field. KGDBN Project has raised the industry benchmark by following high safety standards, cost effectiveness and early completion”. “KGDBN Project will provide capacity to e...

20.08.2020 On 18 August 2020, Samruk-Kazyna (Fund) CEO Akhmetzhan Yessimov, and KazMunayGas CEO Alik Aidarbayev, visited Atyrau plants. During the visit, they held meeting with the Fund’s portfolio companies, where they discussed construction of Atyrau Polyethylene Plant with the 1.25 mln tonne annual capacity. To recap, earlier Borealis used to be a project partner. However, Borealis decided to quit the project because of the global crisis caused by COVID-19 and low oil price, which lead to investment slump. Yet, the Fund, represented by KLPE (a company controlled by KMG), went ahead with the project in furtherance of the petrochemical industry development. A good progress in this task was made under KMG's assistance. Process flow KMG proposed, in this context, proved to be serviceable. Now a 9.7 bln m3 Gas Separation Plant (GSP) , which will produce ethane from dry gas to be supplied to the future Polyethylene Plant, is under design. The Plant is the only of its kind in Kazakhst...

Feb. 10, 2021 JGC Holdings Corporation (Representative Director, Chairman and CEO Masayuki Sato) announced today that JGC Corporation (Representative Director and President Yutaka Yamazaki), which operates the overseas engineering, procurement, and construction (EPC) business of the JGC Group, was in December 2020 awarded the Front End Engineering and Design (FEED) contract for a gas separation plant construction project in the Republic of Kazakhstan being planned by KazMunayGas, Kazakhstan's state-owned oil company, and its subsidiary, KLPE. This project calls for KLPE to construct a gas separation plant with a capacity of 957 MMSCF per day adjacent to a plant that is run by Tengiz Oilfield development company Tengizchevroil (a joint venture of ExxonMobil, Chevron, KazMunayGas and others). The separated ethane is to be supplied as the raw material for a further planned plant for manufacturing polyethylene. The selection of JGC as contractor for this project is believed to reflect...

15.12.2021 North Caspian Operating Company N.V., the operator of the North Caspian Project. (NCOC) and KazTransGas National Company Joint Stock Company announce the signing of an agreement on joint work on the basic design of Phase 2A of the Kashagan field in the period 2022-2023, which involves an increase in the capacity for processing raw gas from the Kashagan field by 2 billion m3. Phase 2A envisages an increase in oil production by approximately 50,000 barrels per day from the Kashagan field by processing 2 billion cubic meters of high sulfur gas per year. To implement Phase 2A, NCOC will need to construct two gas pipelines to transport sulfur dioxide along the existing route: one from the Kashagan offshore complex to the Bolashak OPF and the second from the Bolashak unit to the gas processing plant (GPP) with a capacity of 1 billion m3. It is also planned to carry out a small amount of work on the modernization of the existing structures of the offshore and onshore complexes. Th...

19.11.2019 The Atyrau Refinery , which is within the KazMunayGas Group, has begun producing and shipping Khazar – winter diesel fuel with a cold filter plugging point of -38° C. “Given the harsh winters in many regions of Kazakhstan, such fuel will be in demand among domestic consumers. The first batch was shipped from the Atyrau Refinery on November 14; 3,088 tonnes have been shipped as of today. In total, the Atyrau Refinery plans to ship 3,500 tonnes in November,” said Daniyar Tiyessov, the Deputy Chairman of the Management Board of JSC NC “KazMunayGas” for Oil Refining and Marketing. Khazar -38 diesel fuel is a unique product for the refinery and for the entire Kazakhstan. It meets Emission Class K5, as it has the minimum content of sulfur and wax and contains no additives that may affect its low temperature properties – this is a pure product. This low-pour-point fuel is produced at the only diesel hydrotreatment and dewaxing unit in Kazakhstan – Prime D, which is a part of the Ad...

22.08.2019 The Pavlodar Oil-Chemistry Refinery will produce Jet A-1 aviation kerosene to the ASTM D 1655 standard. Setting up the production is planned as part of the refinery's technological modernization. Furthermore, the plans are to provide desulphurization of the liquefied petroleum gas and commission the hydrogen generation modular unit. The refinery will also continue working on the automated single-point loading, including the installation of the precision balances and mass flow meters for every type of oil products. Specifically, the refinery has seen the following drastic changes during the modernization: the conversion ratio has been increased to 85%, and the catalytic cracking unit feed rate - from 1,350 thousand tons to 1,868 thousand tons annually. Currently, the AI-92, 95 petrols and the diesel produced at the refinery meet the Euro-4 international environmental standards as per the requirements of the TR TC 013/2011 Customs Union's Technical Regulations (these ...

09.11.2015 The Shymkent Oil Refinery in the year of its 30th anniversary to conduct a full-scale modernization of production capacities, which resulted in up to 80% will increase the depth of oil refining, production volume will reach 6 million tonnes a year the amount of production of gasoline will increase by 3 times, and all gasoline will meet environmental quality standards Euro 4 and Euro 5. The first gasoline at the refinery was received in early 1985 as a result of 13 years of construction, transport and technological linking of oil production facilities in Western Siberia with production capacity in southern Kazakhstan. Today, the main raw material for the plant is the oil from the Kumkol field in the Kyzylorda region and product line LLP "Petro Kazakhstan Oil Products" or PKOP, officially called the SOP includes all grades of gasoline, diesel and jet fuel. The basis of the success of the company is an international partnership of two strong shareholders: JSC "N...

06.10.2015 Official ceremony of producing the first batch of a new product – paraxylene at the Aromatics Production Complex has taken place at the Atyrau Refinery as part of celebrating the 70th anniversary of the facility. It was attended by representatives of the RoK’s Ministry of Energy, “Samruk-Kazyna” SWF JSC, JSC NC “KazMunayGas”, JSC “KazMunayGas – Refining and Marketing” and others. Paraxylene is one of the main and high-demand petrochemical production component, and the Atyrau Refinery has become the largest manufacturer of paraxylene in Central Asia. In 2014 Nursultan Nazarbayev launched the pre-commissioning procedures at the APC. - Early as this year the Atyrau Refinery has tasked to produce 200 thousand tons more of A-92 gasoline than during the previous year, which, among other things, is a 20% reduction in dependence on imports, - Daniyar Tiyessov, General Director of JSC “KazMunayGas – Refining and Marketing”, said. He also reminded that the Aromatics Production Comple...

March 27, 2023 Aker Solutions has been awarded a sizeable[ contract by Equinor to tie back the two gas fields, previously known as Iris and Hades, now named Berling , to the Åsgard B platform. The Berling tie-in to Åsgard B is an EPCIC project, comprising engineering, procurement, construction, installation and commissioning. The purpose of the project is to tie back the two gas fields previously known as Iris and Hades to the Åsgard B platform. Two EPCIC scopes define the project: the first commences immediately, and the second in September 2023. Offshore mobilization will begin in November 2025, and the tie-back is to be completed in December 2027. Production start is planned to 2028. "The expected recoverable reserves are estimated to around 45 million barrels of oil equivalent, consisting mostly of gas. The tie-backs will enable a significant contribution to energy security in Europe,” said Paal Eikeseth, executive vice-president and head of Aker Solutions' Electrification...

June 28, 2023 OMV announces the approval of its Plan for Development and Operation (PDO) for the Berling gas and condensate discovery by the Norwegian Ministry of Petroleum and Energy. The plan was submitted by OMV (Norge) AS to the Norwegian authorities on behalf of the license partners in December last year. “Berling is one of our key natural gas development projects and is geared to increase the share of natural gas in our portfolio as outlined in OMV’s Strategy 2030. The gas and condensate volumes are expected to further strengthen Norway’s position as an important European supplier of natural gas,” said Berislav Gaso, Executive Vice President for Energy, OMV AG. The Berling production license area is located about 175 km from Kristiansund in the Northwestern part of Norway, in a mature oil and gas province with established infrastructure. The closest hub is the Equinor-operated Åsgard B platform approximately 23 km to the south-east. Three production wells will be drilled at the ...

07 Mar 2023 Aibel has won a contract for tasks related to the completion of Shell’s Penguins floating production, storage and offloading (FPSO) facility . The Penguins FPSO was constructed in China and arrived at Aibel’s yard in Haugesund for completion in early February. Aibel’s contract with Fluor includes preparation for arrival, temporary construction activities and commissioning assistance. “Aibel has a long track-record with different FPSO assignments. We are proud to once again being a preferred partner for projects in the UK sector,” says Mads Andersen, President and CEO of Aibel. The Penguins FPSO is 130 metres high and weighs 32,000 tonnes. It will be operated by Shell UK at the Penguins field in the UK North Sea.

On May 31, 2022, the GTA Hub QU jack-up accommodation platform designed and built by CIMC Raffles for BP, an international energy giant, was delivered at its construction site in Yantai with 4 million man-hours without injury. The BP's GTA project is with the best aggregative indicator among its peers on the Mauritania and Senegal maritime border and is the first offshore facility to begin service. The First FEED+EPC Project Contracted by a Domestic Shipyard On April 1, 2019, CIMC Raffles and BP signed the EPC contract of the project in Yantai, which is the first time that BP directly signed the FEED (front-end engineering design) + EPC turnkey contract with a Chinese shipyard for the offshore platform project. As is customary in the oil and gas industry, international oil companies usually sign contracts with well-known offshore turnkey contractors, who handle the high value-added design and procurement work, and then subcontract construction work to shipyards. The direct coopera...

11 Jun 2018 Subsea 7 today announced the award of a contract by Shell for the Penguins Redevelopment Project , located approximately 150 miles north-east of the Shetland Islands. The engineering, procurement, construction and installation (EPCI) contract incorporates the fabrication of two Pipeline Bundles containing pipe-in-pipe production flowlines, gas lift flowlines and control systems. Additionally, this award includes the fabrication of a 9km 16” gas export pipeline, flexible riser system, dynamic umbilical riser system and associated subsea tie-ins. Project management and engineering work will commence immediately in Aberdeen, with support from Subsea 7’s specialist technical Pipeline Group in Glasgow. Offshore activities are scheduled for 2020 and 2021. Jonathan Tame, Vice President UK & Canada, said: “Following the successful conclusion of a competitive design competition, we are pleased to have the opportunity to bring our extensive expertise to a project of this importa...

January 16, 2018  Fluor Corporation (NYSE: FLR) announced today that the company was awarded a contract by Shell for the engineering, procurement and fabrication of Shell’s Penguins floating production storage and offloading (FPSO) vessel in the North Sea. Fluor booked the undisclosed contract value in the fourth quarter of 2017. “We are pleased to partner with Shell in the UK as they make this significant investment in their North Sea operations,” said Jim Brittain, president of Fluor’s Energy & Chemicals business. “We leveraged Fluor’s full range of integrated solutions to drive down the project’s costs and our fabrication capabilities were a clear differentiator. This award demonstrates Fluor’s ability to design, fabricate and deliver high-quality, capital-efficient offshore facilities globally.” Fluor has full responsibility for the design, fabrication and delivery of the pre-commissioned FPSO to the North Sea. The FPSO will have a production capacity of 45,000 barrels of ...

17 August 2020 MISC Berhad (MISC) is pleased to announce its acceptance of Letter of Intent (LOI) from Petróleo Brasileiro S.A. (Petrobras) for the provision of a floating production storage and offloading facility ( Mero 3 FPSO ) located offshore Rio de Janeiro in the Libra block, Santos Basin, Brazil and operation and maintenance services during the charter phase of Mero 3 FPSO.  Pursuant to the LOI, the term of the charter is 22.5 years from the date of final acceptance of the Mero 3 FPSO by Petrobras. The Mero 3 FPSO is expected to commence operation in the first half of 2024.  MISC’s President & Group Chief Executive Officer, Mr. Yee Yang Chien said, “We would like to thank Petrobras for their confidence and trust in MISC for this major deep-water project in one of the main hotspots for FPSO in the world. It has been a two year journey in our march towards securing our first deep-water FPSO project in Brazil. This project is close to the hearts of many, especially the...

March 19, 2021 Siemens Energy was awarded a topside EPC contract by MISC Berhad for eight complete topside modules that will provide sustainable, efficient, and environmentally friendly power generation, transmission, and distribution, as well as gas processing and compression aboard an FPSO that will operate offshore South America starting in 2024. MISC Berhad is building the FPSO to expand its fleet of 14 floating production systems. The FPSO is expected to have a processing capacity of 180,000 barrels of oil and 12 million cubic meters of gas per day. “The order demonstrates our strengths and capabilities to transform FPSO operations to be more sustainable while fulfilling production requirements,” said Thorbjoern Fors, Executive Vice President for Siemens Energy Industrial Applications. The topside modules will be designed and manufactured across Asia, with main engineering and execution activities done through Singapore. Packaging for all the rotating equipment packages will occ...

NOVEMBER 14, 2023 Aramco, one of the world’s leading integrated energy and chemicals companies, has successfully produced the first unconventional tight gas from its South Ghawar operational area two months ahead of schedule. This development supports Aramco’s strategy to increase gas production by more than half, over 2021 levels, through 2030, subject to domestic demand. Commissioned facilities at South Ghawar have a 300 million standard cubic feet per day (scfd) of raw gas processing capacity and 38,000 barrels per day (bpd) of condensate processing capacity. In response to growing demand for gas, the company will continue its work to more than double the overall processing capacity in order to achieve South Ghawar’s strategic goal of delivering 750 million scfd of raw gas in the near future. Nasir Al-Naimi, Aramco Upstream President, said: “This first production of unconventional tight gas from South Ghawar is a milestone that demonstrates real progress on our gas expansion strate...