 | |
| Type | Private |
|---|---|
| Industry | Petroleum, energy |
| Founded | 1948 |
| Founder | Bulgheroni Family |
| Headquarters | Buenos Aires, Argentina |
Key people | Alejandro Bulgheroni (Chairman) |
| Products | refined petroleum fuel natural gas electricity |
| Revenue |  US$600 million (1997) [1] |
| US$310 million (1997) [1] | |
| Owner | CNOOC (50%) |
Bridas Corporation is an Argentine independent oil and gas holding company based in Buenos Aires. Since March 2010 it is 50% owned by China National Offshore Oil Corporation. [2]
Bridas Corporation was founded by the Bulgheroni family in 1948, and grew to become the second-largest producer of fossil fuels in Argentina (after the state-owned YPF), with production of over 78 million boe in 2004. [3] Bridas has focused in the South America Southern Cone and Central Asia. Its activities includes four principal areas of operations:
Bridas began expanding into the Central Asian energy sector in 1987, and secured its first large-scale contract (gas exploration rights in Turkmenistan), in 1992. [5] Between 1995 and 1997, CEO Carlos Bulgheroni was personally involved in negotiations between Bridas and the governments of Pakistan and Turkmenistan, as well as the ruling Taliban faction in Afghanistan, to build the Trans-Afghanistan Gas Pipeline. [6] These negotiations were in competition with those undertaken by Unocal, [7] and although an agreement with Unocal-led corporation CentGas was reached, the deal was forfeited in January 1998 in favor of one with Bridas. [8] Instability in Afghanistan delayed construction of the pipeline. In 2006, Bulgheroni indicated interest in Bridas' involvement with the Trans-Afghanistan Pipeline project, which continued to be hampered by the ongoing war in the Central Asian nation. [9]
In 1997, Bridas and Amoco (now BP) established a joint venture named Pan American Energy. [1] The stake of BP is 60% and the stake of Bridas is 40%. On November 28, 2010, it was announced that Bridas would acquire the BP's stake for $7.06 billion in cash. [2] In 2011 the deal was cancelled. [10] In September 2017, BP and Bridas agreed to merge their interests in Pan American Energy and Axion Energy to form a jointly owned Pan American Energy Group. [11]
Amoco is a brand of fuel stations operating in the United States and owned by British conglomerate BP since 1998. The Amoco Corporation was an American chemical and oil company, founded by Standard Oil Company in 1889 around a refinery in Whiting, Indiana, and was officially the Standard Oil Company of Indiana until 1985. Originally part of the Standard Oil Company trust, it focused on producing gasoline for the new automobile market. In 1911, as part of the break-up of the Standard Oil trust, it became an independent corporation. Incorporated in Indiana, it was headquartered in Chicago, and formally adopted the name Amoco in 1985. Although the Amoco Corporation merged in 1998 into BP Amoco, the Amoco name was resurrected in 2017 as a brand that service station owners could choose to use when they purchased supplies from BP in selected areas of the United States.
Union Oil Company of California, and its holding company Unocal Corporation, together known as Unocal was a major petroleum explorer and marketer in the late 19th century, through the 20th century, and into the early 21st century. It was headquartered in El Segundo, California, United States.
The Turkmenistan–Afghanistan–Pakistan–India (TAPI) Gas Pipeline, also known as Trans-Afghanistan Pipeline, is a natural gas pipeline being developed by the Galkynysh – TAPI Pipeline Company Limited with participation of the Asian Development Bank. The pipeline will transport natural gas from the Galkynysh Gas Field in Turkmenistan through Afghanistan into Pakistan and then to India. Construction on the project started in Turkmenistan on 13 December 2015, while construction of the Afghanistan-Pakistan section of the pipeline was held in February 2018. Proponents of the project see it as a modern continuation of the Silk Road.
Sonatrach is the national state-owned oil company of Algeria. Founded in 1963, it is known today to be the largest company in Africa with 154 subsidiaries, and often referred as the first African oil "major". In 2021, Sonatrach was the seventh largest gas company in the world.
Talisman Energy Inc. was a Canadian independent petroleum company that existed between 1993 and 2015. The company was created from the assets of BP Canada after British Petroleum divested its 57 percent stake in June 1992. It was one of Canada's largest independent oil and gas companies, and operated globally, with operations in Canada and the United States of America in North America; Colombia, South America; Algeria in North Africa; United Kingdom and Norway in Europe; Indonesia, Malaysia, Vietnam, Papua New Guinea, East Timor and Australia in the Far East; and Kurdistan in the Middle East. Talisman Energy has also built the offshore Beatrice Wind Farm in the North Sea off the coast of Scotland.
The China National Petroleum Corporation (CNPC) is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing. CNPC was ranked fourth in 2022 Fortune Global 500, a global ranking of the largest corporations by revenue.
Kashagan Field is an offshore oil field in Kazakhstan's zone of the Caspian Sea. The field, discovered in 2000, is located in the northern part of the Caspian Sea close to Atyrau and is considered the world's largest discovery in the last 30 years, combined with the Tengiz Field. When discovered, it was the second largest oil field in the world.
Shah Deniz gas field is the largest natural gas field in Azerbaijan. It is situated in the South Caspian Sea, off the coast of Azerbaijan, approximately 70 kilometres (43 mi) southeast of Baku, at a depth of 600 metres (2,000 ft). The field covers approximately 860 square kilometres (330 sq mi). Stretching out over 140 square kilometres, the reservoir is similar in size and shape to Manhattan Island.
The Afghanistan Oil Pipeline was a project proposed by several oil companies to transport oil from the Caspian region and Central Asia through Afghanistan to Pakistan.
Azeri–Chirag–Gunashli or Azeri–Chirag–Deepwater Gunashli is a complex of oil fields in the Caspian Sea, about 120 kilometres (75 mi) off the coast of Azerbaijan. It consists of the Azeri and Chirag oil fields, and the deepwater portion of the Gunashli oil field. An overall estimate of the area of the development is 432.4 square kilometres (167.0 sq mi). It is developed by the Azerbaijan International Operating Company, a consortium of international oil companies, and operated by BP on behalf of the consortium. The ACG fields have estimated recoverable reserves of about 5 to 6 billion barrels of petroleum. Peak oil production of 835,000 barrels per day (132,800 m3/d) was reached in 2010, however by the first quarter of 2022 production had declined to 434,000 barrels per day (69,000 m3/d), or about one-half of peak value. As of 2021, ACG oil accounted for 95% of all Azerbaijani oil exports.
Central Asia Gas Pipeline, Ltd. (CentGas) was a consortium formed in the 1990s to develop a project to build the Trans-Afghanistan Pipeline from Turkmenistan's natural gas fields to Pakistan. The consortium had also considered an extension of the pipeline to the New Delhi area. Regional and political instability proved too great a challenge to overcome and the project eventually was cancelled after Unocal withdrew from the consortium.
The Trans-Caspian Gas Pipeline is a proposed subsea pipeline between Türkmenbaşy in Turkmenistan, and Baku in Azerbaijan. According to some proposals it would also include a connection between the Tengiz Field in Kazakhstan, the Sangachal Terminal in Baku, and Türkmenbaşy. The Trans-Caspian Gas Pipeline project would transport natural gas from Turkmenistan and Kazakhstan to European Union member countries, circumventing both Russia and Iran. It would do this by feeding the Southern Gas Corridor. This project attracts significant interest since it would connect vast Turkmen gas resources to major consumers Turkey and Europe.
The Central Asia–China gas pipeline is a natural gas pipeline system from Central Asia to Xinjiang in the People's Republic of China. By connecting Turkmenistan to China’s domestic grid, this pipeline makes it possible to transport gas some 7000 km from Turkmenistan to Shanghai. More than half of Turkmen natural gas exports are delivered to China through the pipeline.
BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading.
Carlos Alberto Bulgheroni was an Argentine businessman prominent in the nation's energy sector, and the country's richest man at the time of his death.
China National Offshore Oil Corporation, or CNOOC Group, is one of the largest national oil companies in China, and the third-largest national oil company in China, after CNPC and China Petrochemical Corporation. The CNOOC Group focuses on the exploitation, exploration and development of crude oil and natural gas in offshore China, along with its subsidiary COOEC.
The Trans-Anatolian Natural Gas Pipeline is a natural gas pipeline in Turkey. It is the central part of the Southern Gas Corridor, which connects the giant Shah Deniz gas field in Azerbaijan to Europe through the South Caucasus Pipeline and the Trans Adriatic Pipeline. The pipeline has a strategic importance for both Azerbaijan and Turkey. It allows the first Azerbaijani gas exports to Europe, beyond Turkey. It also strengthens the role of Turkey as a regional energy hub.
Puma Energy is a Swiss multinational mid- and downstream oil company, majority-owned by Singapore-based French company Trafigura.
Alejandro Pedro Bulgheroni is an Argentine billionaire businessman in the oil and gas sector. Following his education at the University of Buenos Aires, he joined his father's company, the Bridas Corporation, founded by the Bulgheroni family in 1948. Following expansion by the company, half of it was sold to the Chinese state-run CNOOC Group in 2010. As of March 2022, his net worth is estimated at US$1.9 billion.
Bangladesh is the sixteenth-largest producer of natural gas in Asia. Gas supplies meet 56% of domestic energy demand. However, the country faces an acute energy crisis in meeting the demands of its vast and growing population. Bangladesh is a net importer of crude oil and petroleum products. The energy sector is dominated by state-owned companies, including Petrobangla and the Bangladesh Petroleum Corporation. Chevron, ConocoPhillips, Equinor, Gazprom and ONGC are major international companies engaged in Bangladesh's hydrocarbon industry, with Chevron's gas fields accounting for 50% of natural gas production.
