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ExxonMobil and ENI in Mozambique Rovuma LNG

In August 2016, Eni and ExxonMobil signed an agreement by which Eni will sell 25% stake into the onshore LNG project and transfer the operator role to the US major ExxonMobil. Eni kept the operator role for the development of its offshore fields.

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Anadarko optimistic in US Gulf of Mexico Shenandoah

Anadarko to complete Shenandoah appraisal program The Texas-based Anadarko Petroleum Corporation (Anadarko) and its partners, ConocoPhillips, Cobalt International Energy (Cobalt) and Marathon Petroleum Corporation (Marathon), implement their appraisal program for the Shenandoah offshore project in the US Gulf of Mexico. Discovered in 2009, the Shenandoah crude oil field belongs to Blocks 51 and 52 in …

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NextDecade selected Brownsville for Texas Rio Grande LNG project

FERC pre-filling process initiated for Rio Grande LNG  The independent Texas-based company Next Decade LLC (NextDecade) started the pre-filling process in view to obtain the Federal Energy Regulatory (FERC) approval for its liquefied natural gas (LNG) Rio Grande LNG export terminal project to be located at the Port of Brownsville on the Texas Gulf Coast, at …

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Saudi Arabia keeps pace on Petrochemicals projects

Farabi Yanbu Petrochemical project at FEED stage The Saudi Farabi Petrochemical Company (Farabi or FPC) is planning to start the front end engineering and design (FEED) work on its Yanbu petrochemical project in the Western Province of Saudi Arabia. Farabi was established in 2002 as a privately owned company. Since 2006, Farabi is producing normal paraffin (NPN) …

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PetroVietnam to gear up in offshore Vietnam Block-B gas project

PetroVietnam signed to buy Chevron stakes in Block-B The Vietnam national oil company (NOC) PetroVietnam Exploration Production Corporation (PetroVietnam) has taken over the working interests owned by the California-based international oil company (IOC) Chevron in the Block-B and the Block 48/95 gas field offshore Vietnam. Until now, Chevron was the main owner and operator of the …

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