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TAQA boosts CAPEX in 2012
TAQA, the Abu Dhabi National Energy Company, UAE, has announced to increase capital expenditures from $1.9 billion in 2011 to $2.2 billion in 2012. These investments will go to expend on going...
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Arkema and Jacobs partnering in 4 PVC projects in China
Arkema, the French leading petrochemical company, and Jacobs Engineering have signed 4 contracts for new PVC projects in China. These PVC production facilities should be located in Hefei, Golmud,...
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The $1 billion Luberef Yanbu Lube Oil Refinery on Bidding
Luberef stands for the Saudi Aramco Lubricating Oil Refining Company created by Saudi Aramco and ExxonMobil. But since 2007, Luberef is a 70/30 joined venture between Saudi Aramco and Jadwa Investment...
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Sabic invests $170 million in Geleen Naphtha Cracker
Jacobs Engineering won the EPCM Services Contract SABIC has awarded a contract to Jacobs Engineering Group to provide engineering, procurement and construction management (EPCM) services to upgrade an...
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GS Caltex, Showa Shell and Taiyo go for Korean Paraxylene
MoU for 1 million t/y Paraxylene extension in Yeosu Showa Shell Sekiyu K. K. (Showa Shell) from Japan, GS Caltex from South Korea, and Taiyo Oil from Japan signed a Memorandum of Understanding (MoU)...
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Norway approved Total $4.2 billion Martin Linge project
Total lowers Carbon Footprint with Power from Shore Previously called Hild, the Martin Linge development belongs to Total E&P Norge AS (51%), the operator, Petoro AS (30%) and Statoil Petroleum AS...
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Aker and CB&I design $5.6 billion Spar for Statoil Aasta Hansteen
Statoil, ExxonMobil and ConocoPhillips rename Luva project into Aasta Hansteen During the concept selection Statoil estimated the development capital expenditure in the Aasta Hansteen field (formerly...
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Das Island flare gas recovery in commercial bid
Adma-Opco to spend $50 million to reduce carbon footprint. Abu Dhabi Marine Operating Company (Adma-Opco) is majority-owned by Abu Dhabi‘s state oil firm ADNOC with BP, Total, Inpex and Japan Oil...
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$17 billion Shell & Mitsubishi gas flare recovery in Iraq
Shell and Mitsubishi to gather gas from Basra oil fields The Iraq Government has given its nod to the natural gas exploration deal signed between Shell from the Netherlands and Japan’s Mitsubishi...
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NKNK and CB&I signed FEED for Tatarstan olefins complex
Nizhnekamskneftekhim awards basic to CB&I Lummus OAO Nizhnekamskneftekhim (NKNK) selected CB&I Lummus (CB&I) to perform front end engineering and design (FEED) of a new olefins complex in...
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QP and QAPCO move on $5.5 billion Ras Laffan Petrochemicals
Qatar to invest $25 billion in petrochemicals until 2020 In February 2012, Qatar Petroleum (QP) and Qatar Petrochemicals Corporation (Qapco) had signed a Heads of Agreement (HOA) to add a $5.5 billion...
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Egypt to revive its refining and petrochemicals projects
BP and Shell explore successfully Nile Delta and Western Desert to secure oil and gas supply Then major international oil companies such as BP and Shell decided to extend their exploration and...
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Lundin Petroleum in brief
Delivering Organic Value Created in 1981 under the name of International Petroleum, the company became Lundin Petroleum (Lundin) as a result of the merger with the Sands Petroleum in 1997. Home-based...
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BASF and Gazprom swap assets in a strategic move
BASF runs into upstream while Gazprom goes west On November 12th, 2012, the German chemical company BASF and the Russian Gazprom signed a binding basic agreement to swap assets estimated of the same...
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Fluor and Technip sign Shell engineering frame agreements
Fluor selected for Shell downstream projects in EMEA On November 2nd, 2012, Shell and the US Fluor Corporation (Fluor) signed a 5 years enterprise framework agreement for engineering and management...
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Pakistan LNG Terminal to become real in Port Qasim near Karachi
Sui Southern Gas in $1.4 billion deal with Engro Vopak The Pakistan midstream Sui Southern Gas Company (SSGC) is in final talks with the joint venture Engro Vopak Terminal Limited (EVTL) to build and...
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