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Fluor Wins Contract for Petrochemical Project Expansion in the Philippines

Philippines: Ethylene Production

Fluor Wins Contract for Petrochemical Project Expansion in the Philippines

10/21/2017 - Fluor was awarded an engineering, procurement and construction management (EPCM) contract for the utilities, offsites and infrastructure scope of work for JG Summit’s petrochemical complex expansion in Batangas City, Philippines. read...

Expansion of Exxon Mobil’s Research Center

USA: R&D Facility

Expansion of Exxon Mobil’s Research Center

10/19/2017 - The enlargement of the New Jersey facility is scheduled to be complete by 2019. The new section will also include a new engine testing center, a lubricant research and development blend plant. read...

Chevron Commences LNG Production at Wheatstone

Australia: LNG Project Update

Chevron Commences LNG Production at Wheatstone

10/19/2017 - Chevron Corporation has recently announced that it has started producing liquefied natural gas (LNG) at the Wheatstone Project in Western Australia. The first cargo is on track and will be shipped in the coming weeks. The company has plans to export 8.9 million metric tons of LNG per year to customers in Asia. The first cargo is expected to be shipped in the coming weeks. read...

Jacobs JV to Provide Project Management Services for Sasol

South Africa: Engineering Services

Jacobs JV to Provide Project Management Services for Sasol

10/19/2017 - Jacobs Engineering, through its South African joint venture Jacobs Matasis, has been awarded a two-year agreement with Sasol Group Technology for project management services and specialized resources. read...

Exxon Mobil Starts-Up Polyethylene Line at Mont Belvieu Plant

USA: Polyethylene Production

Exxon Mobil Starts-Up Polyethylene Line at Mont Belvieu Plant

10/18/2017 - Exxon Mobil Chemical Company has commenced production on the first of two new 650,000 tons-per-year high-performance polyethylene lines at its plastics plant in Mont Belvieu, Texas. read...

Articles

4,000 BCM by 2022: IEA Sees Global Gas Demand on the Rise

Global: Gas

4,000 BCM by 2022: IEA Sees Global Gas Demand on the Rise

08/30/2017 - Global gas demand is expected to grow by 1.6% a year for the next five years, with consumption reaching almost 4,000 billion cubic meters (bcm) by 2022, up from 3,630 bcm in 2016. read...

NEWS

$210 Million Acquisition Announced by Kalnin Ventures

USA: Oil &Gas Expansion

$210 Million Acquisition Announced by Kalnin Ventures

Kalnin Ventures has recently announced that an affiliate of its BKV Oil and Gas Capital Partners, LP fund (the 'Fund'), has entered into purchase and sale agreements withrespect to the Fund’s fifth acquisition of assets in the northeast portion of the Marcellus Shale. read...

Mol Group Purchases Licences from Thyssenkrupp for Key Strategic Investment

Hungary: Polyol Project

Mol Group Purchases Licences from Thyssenkrupp for Key Strategic Investment

Following the announcement made in July about entering into contracts with Evonik and Thyssenkrupp to produce propylene oxide, Mol Group has now reached an additional agreement with Thyssenkrupp Industrial Solutions (Thailand) that will cover technological steps to convert propylene-oxide into polyether polyols and propylene glycols. read...

Tullow Acquires 90 % Stakes in Four Onshore Blocks in Côte d’Ivoire

UK: Oil & Gas Expansion

Tullow Acquires 90 % Stakes in Four Onshore Blocks in Côte d’Ivoire

Tullow Oil has bagged four licences in the region and intends to initiate work immediately on them in order to allow a full tensor gradiometry survey to commence in early 2018. read...

Rosneft Acquires 30 % Stake in Zohr Gas Field

Russia: Gas Agreement

Rosneft Acquires 30 % Stake in Zohr Gas Field

Rosneft has recently closed the deal to acquire a 30% stake in the concessions agreement for the development of the Zohr field, the largest gas field in the Mediterranean Sea, from the Italian company Eni. The company's stake acquisition is US $1.125 billion to develop the largest deepwater gas field offshore Egypt. read...

Emerson Acquires Paradigm

USA: Software for the Oil and Gas Industry

Emerson Acquires Paradigm

Emerson has agreed to acquire Paradigm, a provider of software solutions for the oil and gas industry, for a purchase price of $ 510 million. The acquisition is expected to close within the next 60 days, subject to various regulatory approvals. read...

Jacobs Signs Licensor Agreement with Pagell

USA: Sulfur Recovery

Jacobs Signs Licensor Agreement with Pagell

Jacobs Engineering signed a sulfur recovery technology licensor agreement with Paqell, a joint venture between Shell Global Solutions and Paques, for use of its Thiopaq Oil and Gas technology in refineries and gas treating facilities across the globe. read...

Wood Awarded Multi-Million Dollar Refinery Contract by Total

UK: Onshore Maintenance Services

Wood Awarded Multi-Million Dollar Refinery Contract by Total

Wood has been awarded a new multi-million dollar contract by Total, supporting their Lindsey Oil Refinery located in North Killinghome, Lincolnshire, UK. read...

Explosion at Tüpraş Refinery Kills Four Workers

Turkey: Blast in Refinery

Explosion at Tüpraş Refinery Kills Four Workers

On September 11, an explosion at Tüpraş İzmir Refinery killed four workers during maintenance work. The company states that a gas jamming in the floating roof naphta tank was the cause of the blast. read...

MoU Signed by Lukoil and NIOC

Analysis of Petroleum Systems

MoU Signed by Lukoil and NIOC

Lukoil and NIOC will mutually enhance beneficial cooperation in basin modeling and analysis of the petroleum systems in different regions. read...

Petrofac and Danos to Form Joint Venture

Oil and Gas JV

Petrofac and Danos to Form Joint Venture

Petrofac and Danos, a US-based family-owned and managed integrated oilfield services provider, have recently signed a Memorandum of Understanding (MoU). Both the companies are in talks to form a joint venture agreement to attract business opportunities. read...

Archer Secures Four-Year Deal from Repsol Norge

Contract Bagged

Archer Secures Four-Year Deal from Repsol Norge

Archer has won the contract to deliver additional P&A services and related services on the Norwegian Continental Shelf. read...

Exxon Mobil’s Fifth Oil Discovery at Offshore Guyana

Oil Exploration

Exxon Mobil’s Fifth Oil Discovery at Offshore Guyana

The company’s latest breakthrough is the Turbot-1 well which has a reservoir of 75 feet of high-quality, oil-bearing sandstone. Another well is being planned for 2018. read...

Mikta Countries Discuss Future of Natural Gas

Policy

Mikta Countries Discuss Future of Natural Gas

Representatives from Mikta nations – Mexico, Indonesia, Korea, Turkey and Australia – recently met in Paris to discuss the future of natural gas and review gas-security issues in their countries at a gathering supported by the International Energy Agency (IEA). The high profile meeting was recently held to review and set new initiatives for the natural gas industry. read...