Oil firms plan large African investments
The world's "big five" energy companies – Total, Chevron Texaco, Exxon Mobil, Shell and BP – are all set to continue to play a major role on the African continent.
Qatar Petroleum signs gas deal with Exxon
Qatar Petroleum and ExxonMobil Corporation have signed a Heads of Agreement (HOA) to supply liquefied natural gas (LNG) from Qatar to the USA for a term of 25 years.
Shell poised to sign Qatar GTL deal
Royal Dutch/Shell is poised to stage a major comeback in Qatar by sealing a USD 4 billion gas-to-liquids (GTL) project with the Gulf state.
Thermal power plant in Zhengzhou
China Resources Power (CRP), a unit of China Resources Group, has confirmed it is to invest 1.8 billion yuan to set up a joint venture thermal power plant in Zhengzhou, Henan province.
Sabic to build second EG plant
Saudi Basic Industries Corporation will construct a new Ethylene Glycol (EG) plant at Jubail United Petrochemical Company.
Saudi gas project
Saudi Arabia has signed a deal with a consortium led by Royal Dutch/Shell for a USD 2 billion gas project and unveiled plans to issue tenders for another three projects as part of plans to boost gas production.
Abu Dhabi oilfield development
The Abu Dhabi Company for Onshore Oil Operations (ADCO) has awarded VECO the front-end engineering and design contract (FEED) for the development of the new Huwaila oilfield located 30 km south of the existing Bu Hasa field.
Petrotrin to upgrade Point a Pierre refinery
Trinidad and Tobago's state-owned oil and natural gas company Petrotrin has announced it will spend USD 1 billion to upgrade its refinery on the island of Point a Pierre.
Chinese newsprint mill
Pan Asia Paper Company Ltd has announced a joint venture with Hebei Longteng Paper Corp. to build and operate a newsprint mill in China.
Three oil operators approved by Norway
Norway has approved Houston-based Anadarko, Danish Maersk Olie og Gas and Canadian Talisman Energy as oil and gas operators, the Norwegian Petroleum Directorate has said
