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February 24, 2012
Statoil makes major gas discovery offshore Tanzania

Norway’s Statoil and partner ExxonMobil have made a large gas discovery in the Zafarani exploration well offshore Tanzania. 

Norway’s Statoil and partner ExxonMobil have made a large gas discovery in the Zafarani exploration well offshore Tanzania. 

Logging results have shown what Statoil is calling a “high impact discovery”, so far proving up to five trillion cubic feet of gas in-place.

The well has encountered 120 metres of excellent quality reservoir with high porosity and high permeability, Statoil said. The gas-water contact has not been established and drilling operations are ongoing.

January 20, 2012
7-Eleven completes ExxonMobil retail purchase

US convenience retailer 7-Eleven announced completion today of its deal with ExxonMobil to acquire retail interests in 51 sites in North Texas.

US convenience retailer 7-Eleven announced completion today of its deal with ExxonMobil to acquire retail interests in 51 sites in North Texas.

The sites are all in the greater Dallas/Fort Worth area and include two unused parcels of land.

The majority of locations will be rebranded as 7-Eleven stores, although they will retain the Exxon gasoline brand.

November 3, 2011
Global oil & gas deals on the rise

Global oil & gas transactions rose 53 percent to $43 billion in the third quarter of 2011, compared with $29 billion in the second quarter of the year.

Global oil & gas transactions rose 53 percent to $43 billion in the third quarter of 2011, compared with $29 billion in the second quarter of the year.

International database and services provider PLS, Inc. and Derrick Petroleum Services report 166 transactions with deal values disclosed, with $90 billion of deals currently in play.

April 28, 2011
Major oil companies report first quarter results

As April draws to a close, the world’s major oil companies are coming out with their first quarter results for 2011, with ConocoPhillips, BP, EXXON and Shell all reporting this week.

As April draws to a close, the world’s major oil companies are coming out with their first quarter results for 2011, with ConocoPhillips, BP, EXXON and Shell all reporting this week.

Reporting yesterday, the third largest US oil company ConocoPhillips reported a 43 per cent year-on-year rise in quarterly earnings to $3 billion, but said it was disappointed not to have achieved its production and refining targets.

March 4, 2011
Foster Wheeler clinches Zirku contract

Switzerland-based engineering and construction group Foster Wheeler has won a contract to carry out an availability and reliability study on the possible expansion of Abu Dhabi’s Zirku oil processing facilities.

Switzerland-based engineering and construction group Foster Wheeler has won a contract to carry out an availability and reliability study on the possible expansion of Abu Dhabi’s Zirku oil processing facilities.

Foster Wheeler was awarded the contract by Abu Dhabi-based oil company Zakum Development Co (Zadco), formed in order to develop the Upper Zakum oil field on behalf of the Abu Dhabi National Oil Company and other shareholders, namely ExxonMobil and the Japan Oil Development Company.

September 7, 2010
Shell to sell another refinery

Royal Dutch Shell is in exclusive talks with the Finnish fuel distributor St1 to sell the oil major's Swedish refinery, it has been announced.

Royal Dutch Shell is in exclusive talks with the Finnish fuel distributor St1 to sell the oil major's Swedish refinery, it has been announced.

The Gothenburg refinery has simple-to-medium complexity, allowing it to process low-sulphur light crude from the North Sea; but not high-sulphur crude.

With a processing capacity of about 78,000 barrels of crude oil per day, the refinery supplies the domestic market with specialist fuels, such as diesel that does not freeze in the cold Scandinavian climate.

April 1, 2010
Ras Laffan Port

World capital in 20 years
The discovery of a quadrillion cubic feet of natural gas 40 miles offshore Ras Laffan in Qatar has propelled the area to declare itself energy capital of the world. John O’ Hanlon spoke to Capt. Feisal Saad, manager of Ras Laffan Port, to find out more.
Twenty years ago, northern Qatar was a rocky desert and Ras Laffan a remote promontory jutting out into the Arabian Gulf. What happened next was that gas was discovered in what is now known as the North Field, after which a new port was constructed to ship it round the world.