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BP and Partners Approve Azeri Central East Project

Azerbaijan: Oilfield Development

BP and Partners Approve Azeri Central East Project

24/04/2019 - The 6 billion dollar project is the next stage of development of the mega ACG oilfield complex in the Caspian Sea. The project also includes a new offshore platform which is expected to process up to 100,000 barrels of oil per day. read...

Kipic Awards Technology Contract to Mc Dermott

Kuwait: Petrochemicals

Kipic Awards Technology Contract to Mc Dermott

24/04/2019 - The contract is for Kuwait Integrated Petroleum Industries Company’s (Kipic) Petrochemical Refinery Integration Project in Kuwait. The contract includes basic engineering, technology license, and catalyst for an integrated Low Pressure Recovery and Olefins Conversion Technology unit. read...

Technip FMC Wins Integrated EPCI Contract from Conoco Phillips

Subsea Production System

Technip FMC Wins Integrated EPCI Contract from Conoco Phillips

24/04/2019 - The contract is for Conoco Phillips’ TOR II development which is situated in the Norwegian sector of the North Sea. The agreement involves the delivery and installation of a subsea production system. read...

Bristol-Myers Squibb Commences Celgene Debt Exchange

Mega-Merger

Bristol-Myers Squibb Commences Celgene Debt Exchange

22/04/2019 - Bristol-Myers Squibb announced the commencement of the exchange of Celgene's debts, in connection with its previously announced acquisitions. Previously, a majority of the company's shareholders voted to approve the combination at a special meeting of stockholders. read...

Petro China to Adopt Lyondell Basell’s Hostalen ACP Technology

China: Plant Development

Petro China to Adopt Lyondell Basell’s Hostalen ACP Technology

22/04/2019 - Lyondell Basell’s technology will be used for three of Petro China’s facilities in China and aims to add 1100 KTA of high density polyethylene capacity to the region. read...

Toyo Signs Engineering Partnership Agreement with BASF

Engineering

Toyo Signs Engineering Partnership Agreement with BASF

22/04/2019 - Under the terms of the contract, Toyo will be responsible for carrying out engineering work for BASF’s investments in Asia Pacific. The renewed agreement can be traced back to the original partnership agreement which aimed at strengthening the partnership for BASF’s upcoming investments. read...

Neste Sets Climate Targets to Reduce Emissions

Finland: Sustainability

Neste Sets Climate Targets to Reduce Emissions

22/04/2019 - Under Neste’s new plan, the company is keen on helping its customers reduce GHG emissions by a minimum of 20 Mt per year by 2030. The company also aims at reducing its carbon footprint in terms of production. read...

Cooec-Fluor Completes Module Fabrication Work in China

China: Gas Field Development

Cooec-Fluor Completes Module Fabrication Work in China

19/04/2019 - Cooec-Fluor has carried out module fabrication work for its Dongfang Gas Fields Development Project. The modules are expected to be a part of the new offshore oil and gas production platform situated in the western South China Sea. read...

Conoco Phillips to Sell Two UK Subsidiaries for 2.675 Billion Dollars

USA: Oil & Gas

Conoco Phillips to Sell Two UK Subsidiaries for 2.675 Billion Dollars

19/04/2019 - The subsidiaries which indirectly hold Conoco Phillips’ exploration and production assets in the U.K. are being sold to Chrysaor E&P. Conoco Phillips also aims to retain its London-based commercial trading business and its 40.25 % interest in and operatorship of the Teesside oil terminal. read...

Robust Growth for India’s Biologics Market

India: Market Report

Robust Growth for India’s Biologics Market

19/04/2019 - India is predicted to be one of the world’s ‘fastest growing bio’ hubs in 2019, according to new data revealed by CPhI. The report further adds that in terms of ‘growth potential’ India scored high and on par with other advanced bio markets. read...

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