Chevron approves next major Tengiz expansion project in Kazakhstan

Green Car Congress

Chevron Corporation announced that its 50% owned affiliate, Tengizchevroil (TCO), will proceed with the development of its Future Growth and Wellhead Pressure Management Project (FGP-WPMP), which will increase crude oil production at the Tengiz oil field in Kazakhstan by about 260,000 barrels per day. The project will raise TCO’s total production to approximately 1 million barrels of oil equivalent per day. First oil is planned for 2022.

ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

Green Car Congress

The Asian Development Bank (ADB) has approved a $240.3-million loan to help Kazakhstan modernize its transport system. Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea region, and further to Europe. It will also establish fast transportation links connecting Astana and Aktobe with the major oil and mineral–rich city of Atyrau, and the country’s only international commercial seaport in Aktau.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

CompactGTL announces 3,000 bpd commercial small-scale GTL project in Kazakhstan

Green Car Congress

CompactGTL will build a commercially deployed small-scale gas-to-liquids (GTL) plant in Kazakhstan. CompactGTL Chairman Tony Hayward and Uzakbay Karabalin, the Minister of Oil & Gas of the Republic of Kazakhstan, signed a Memorandum of Co-operation, which will also support the development and implementation in Kazakhstan of innovative associated gas processing technologies with the realisation of the plant.

Foster Wheeler awarded contract for hydrogen production unit in Kazakhstan for major refinery modernization

Green Car Congress

A subsidiary of Foster Wheeler AG’s Global Engineering and Construction Group has been awarded a contract for the basic engineering design of a new hydrogen production unit, based on Foster Wheeler Terrace Wall steam reforming technology, to be built at the Atyrau Refinery in Kazakhstan. The main purpose of this project is to increase the oil conversion rate and production of all types of motor fuels to meet Euro IV and Euro V standards.

EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf

Green Car Congress

The US Energy Information Administration (EIA) continues to expand its assessment of technically recoverable shale oil and shale natural gas resources around the world. The addition of four countries—Chad, Kazakhstan, Oman, and the United Arab Emirates (UAE)—to a previous assessment covering 42 countries has resulted in a 13% increase in the global assessed total resource estimate for shale oil and a 4% increase for shale gas. Market Background Oil

Oman 60

Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

Green Car Congress

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. Extracting oil from these frontier areas required more advanced technology and a lot more capital: Ultra deepwater, Arctic offshore, heavy oil sands, and increasingly, the Lower Tertiary. Oil Opinion

2015 73

Sonangol, Maersk Oil and partners strike oil with their first deepwater pre-salt well offshore Angola

Green Car Congress

Maersk Oil and other partners declared the Azul-1 deepwater exploration well, located in Block 23 in the Kwanza Basin, a discovery well. The condition of the well prevented an assessment of flow capacity by a conventional test; this was performed as a mini-Drill Stem Test that enabled the recovery of two good quality oil samples. The preliminary interpretation of the data indicated a potential flow capacity greater than 3,000 barrels of oil a day.

Eni reports first oil from giant Kashagan field in North Caspian Sea

Green Car Congress

Eni announced that first oil from the giant Kashagan oil field has been produced. The oilfield is located in the North Caspian Sea, approximately 80 kilometers (50 miles) southeast of Atyrau, in Kazakhstan. Afterwards, the production will increase progressively up to 370,000 barrels of oil equivalent per day. Kashagan is one of the largest oil fields discovered in the last 40 years, with estimated reserves of 35 billion barrels of oil in place.

2013 76

GE, Rosneft to pursue opportunities in Russia’s oil and gas industry, including Arctic offshore

Green Car Congress

GE and OJSC Rosneft signed a memorandum of understanding (MOU) that lays the foundation for the two companies jointly to evaluate and develop commercial opportunities in oil and gas exploration and production in the Russian Federation. The agreement calls for a strategic, cooperative relationship that would: leverage GE Oil & Gas technologies to help Rosneft improve efficiency and yields in its oil and gas exploration and recovery operations, and.

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Alternative technologies, such as hybrid and electric vehicles that use oil more efficiently or not at all, continue to advance but they take time to penetrate markets.

2011 85

Repsol and Alliance Oil to form an exploration and production JV in Russia

Green Car Congress

Repsol and Alliance Oil Company have signed a Memorandum of Understanding to form a joint exploration and production (E&P) venture that will serve as a growth platform for both companies in the Russian Federation, the world’s largest oil and gas producer. Russia was the largest producer of crude oil in 2009, surpassing Saudi Arabia.). Repsol already owns a 3.47% stake in Alliance Oil resulting from the merger between Alliance Oil and West Siberian Resources in 2008.

Oil Drum Licenses On-Board Hydrogen Generator for Baltic States

Green Car Congress

University of Kent (UK) spin-off Oil Drum Ltd , has signed a licensing deal with UAB Hydro2 that will enable its on-board hydrogen generator technology to be manufactured, sold and installed in the Baltic States. Oil Drum cites a 10% fuel savings as a “good average number” across engine sizes and truck types, but notes that some customers have seen larger savings.

ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

Green Car Congress

Demand for electricity will make natural gas the fastest growing major energy source and oil and natural gas are expected to meet 60% of energy needs over the next three decades. A total of 21 major oil and gas projects will begin production between 2012 and 2014. In 2012 and 2013, the company expects to start up nine major projects and anticipates adding more than 1 million net oil-equivalent barrels per day by 2016. billion oil equivalent barrels.

2012 80

Caspian pipeline consortium marks the groundbreaking for $5.4B expansion

Green Car Congress

The capacity of the 900-mile (1,500-km) pipeline, which carries crude oil from western Kazakhstan to a dedicated terminal in the Black Sea, will increase to 1.4 Since the start of operations, more than 2 billion barrels of oil (250 million tons) have been transported through the system. Republic of Kazakhstan (Kazmunaigas represents the shares of the Republic of Kazakhstan and Kazakhstan Pipeline Ventures): 19%. Kazakhstan Pipeline Ventures L.L.C.:

EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

Green Car Congress

EIA projects that world oil consumption will grow by 1.5 This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. Most of the growth in oil consumption is expected in the Asia-Pacific and Middle East regions. The largest source of growth in 2010 is the United States, followed by Brazil, Azerbaijan, and Kazakhstan.

2010 68

Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

Green Car Congress

By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. Planned capital spending is also directed toward improving crude oil and natural gas recovery and reducing natural field declines of existing producing assets throughout the world. Kazakhstan/Russia: Caspian Pipeline expansion.

Opinion: Uranium Prices Set To Double By 2018

Green Car Congress

As Scientific American opines , “Nuclear energy’s clean bona fides may be its saving grace in a wobbling global energy market that is trying to balance climate change ambitions, skittish economies and low prices for oil and natural gas.”. 57 million pounds of uranium imports last year came from Canada and Kazakhstan, with Canada providing 17 million pounds—these producers are extremely well-positioned for what comes next. by James Stafford of Oilprice.com.

2016 60