joint venture | Egypt Oil & Gas - Part 3
Nigeria to End Cash Call Agreement with JVs
Nigeria formally ended the era of cash call payment by the joint venture (JV) operators in the oil and gas industry, informed Premium Times. The government’s inability to meet its cash call obligations to the joint ve...
Rowan, Aramco to Form a Saudi JV
US Rowan Companies Plc announced that it was forming a joint venture (JV) with Saudi Arabian state oil giant Saudi Aramco. Both companies would contribute $25m as working capital under the terms of the agreement to cr...
Shell Demands Aramco to Pay $2b in Compensation for JV Breakup
Royal Dutch Shell has asked Saudi Aramco for up to $2b as part of the breakup of their giant Motiva Enterprises refining joint venture (JV) in the US, The National informed. The payment would be a compensation for the...
Nigeria Examines Chevron Gas Project ‘Astronomical’ Cost
A Nigerian Senate committee asked Chevron to explain why a gas-to-liquids Joint Venture (JV) with the state-run oil company cost three times more to complete than initially estimated, Seeking Alpha reported. The Chair...
UAE, Chinese Joint Venture to Market Solar Power Tech
Nanjing-based photovoltaic (PV) manufacturer, China Sunergy (CSUN), has signed a deal with the UAE’s Z-One Holding to establish a joint venture company, CSUN Solar MEA FZC, that will sell a full range of solar product...
Qatari Companies Sign $500m Renewable Power Joint Venture
Qatar Petroleum (QP) and Qatar Electricity and Water Company (QEWC) are establishing a joint venture for the generation of electricity from renewables, reported Gulf Base. QP has a 40% stake in the project, while QEWC...
UK Helps Iran with EOR as Iran Develops Scottish Gasfield
According to Press TV the United Kingdom will pay Iran the country’s share of revenues from Scotland’s offshore Rhum Gas Field, but only after sanctions on the Islamic Republic are lifted. Iranian Deputy Oil Minister ...
EQUATE Participates in Petrochemical Graduation Ceremony
Kuwait’s EQUATE Petrochemical Company has participated in the graduation ceremony of the 38th Summer Training Course for University and High School Students by Kuwait Institute for Scientific Research (KISR), reported...
