Tag: project
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Tolo Oil starts operating the Jubilee project in Ghana.. reserves exceed one billion barrels
Yesterday, Friday, July 14, 2023, the Tolo Oil Company announced the start of operation of the southeastern Jubilee project off the coast of Ghana, and revealed future development plans within the project, which are expected to be completed before the end of this year. The operation step came after the company, which is listed on…
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Australia’s Woodside invests $7.2 billion in an oil project in Mexico
The Australian Woodside Company has made the final investment decision in Mexico’s first deepwater field. This may revive work on developing competing projects in the coming months. The independent Australian company – which specializes in oil and gas exploration – announced that it had taken the final investment decision in the “Trion” field in Mexico,…
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Jordan Petroleum Refinery shares rise with the support of the “Fourth Expansion” project
The Jordan Petroleum Refinery rose by more than 1% during trading today, Wednesday, June 21 (2023), supported by progress in the fourth expansion project, which will raise the refinery’s capacity to 120,000 barrels per day. The fourth expansion project – in addition to raising the refinery’s capacity – aims to improve air quality in Jordan,…
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Algeria reveals the reasons for the withdrawal of “Total” from the huge petrochemical project
The CEO of Sonatrach in Algeria, Toufic Hakkar, announced the reasons that prompted the French energy company, Total Energy, to withdraw from the giant petrochemical project, which is located in the Arzew industrial zone, which was contracted today, Sunday, June 11 (2023), between the two companies. Algeria’s Step Polymers, and British Petrofac. Hakkar said, on…
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Egypt announces the developments of its huge petrochemical production project
Petrochemical production in Egypt is witnessing increasing interest from the government, in light of the great importance this sector represents in supporting the national economy. Within this framework, Egypt announced today, Thursday, May 11, 2023, the developments of its large project, represented in an integrated industrial complex with international specifications for the production of petrochemicals.…
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A Canadian company lures the Egyptian oil sector with a “fake” project.. What’s the story?
A Canadian company is seeking to convince the Egyptian oil sector of its technical solutions to reduce emissions from crude transport operations, through a project aimed at converting liquid oil into solid. In this context, Minister of Petroleum and Mineral Resources Tarek El-Molla and Minister of Environment Yasmine Fouad held a meeting via visual communication…
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Total Energy complains about the greed of contractors for the LNG project in Mozambique
Total Energy, the world’s leading oil and gas producer, is still seeking to resume the development work of the liquefied natural gas project in Mozambique, amid challenges surrounding costs, after lifting the force majeure status on the project. The French company said it was facing cost disputes with the contractors on the project. This complicated…
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Saudi Aramco lays the foundation stone for the largest petrochemical project in South Korea (photos)
Saudi Aramco laid the foundation stone for the largest petrochemical project in South Korea, with investments amounting to $7 billion. Korean President Won Seok Yul participated in the laying ceremony of the foundation stone for the Shaheen project, which is being implemented by S-Oil, a subsidiary of the Saudi oil giant. Saudi Aramco announced the…
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South Korea plans to win the Al-Zour petrochemical complex project in Kuwait
South Korean companies are competing to implement the Al-Zour Petrochemical Complex project in Kuwait, whose investments are estimated at about $10 billion. In this context, the South Korean government sent a team to support its companies winning contracts to build the huge petrochemical complex in Kuwait, according to data seen by the specialized energy platform.…
