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Adani Partners with BASF, Adnoc, Borealis for Chemical Complex in Gujarat

India: Petrochemicals

Adani Partners with BASF, Adnoc, Borealis for Chemical Complex in Gujarat

21/10/2019 - Adani, BASF, Adnoc and Borealis have signed a MOU to conduct a joint feasibility study in order to evaluate collaboration for the construction of a 4 billion dollar chemical complex in Mundra, Gujarat, India. read...

Total to Launch Digital Factory in Paris

France: Next-Gen Solutions

Total to Launch Digital Factory in Paris

21/10/2019 - Total will be inaugurating the digital factory in 2020 with an aim to further enhance its operations and reduce its environmental impact. Around 300 experts will be brought together under this initiative to boost the company’s digital transformation move. read...

Conoco Phillips to Sell Interests in Australia-West for 1.39 Billion Dollars

Australia: Business Deal

Conoco Phillips to Sell Interests in Australia-West for 1.39 Billion Dollars

15/10/2019 - Conoco Phillips will be selling its Australia-West business with operating interests in Darwin LNG, Bayu-Undan, Barossa and Poseidon to Santos. The company will also receive 75 million dollars once the final investment decision has been taken regarding the Barossa development project. read...

Exxon Partners with Indian Universities to Expand Low-Emissions Tech Research

India: Research Collaboration

Exxon Partners with Indian Universities to Expand Low-Emissions Tech Research

15/10/2019 - The Indian Institute of Technology Madras and Bombay are Exxon Mobil’s most recent university additions. The oil and gas major has signed five-year agreements with each of them to carry out further research in biofuels and gas conversion for the power and industrial sectors. read...

Total to Buy 37.4 % Stake in Adani Gas

India: Natural Gas

Total to Buy 37.4 % Stake in Adani Gas

14/10/2019 - With an aim to contribute to the development of the Indian natural gas market, Total has expanded its partnership with leading Indian multinational conglomerate firm, Adani Group. Under the deal, Total will also bring its LNG as well as retail expertise and will supply LNG to Adani Gas. read...

Articles

China’s Chemical Industry: Key Market Scenarios

Chemical Market Report: China

China’s Chemical Industry: Key Market Scenarios

04/04/2019 - China holds a strong position in the global chemical industry and with the recent market happenings in the country; the Asian country is keen on upgrading its game plan. read...

NEWS

Praj to Use Valmet’s Biomass System for Bio Refinery Project

India: Pretreatment Technology

Praj to Use Valmet’s Biomass System for Bio Refinery Project

Praj Industries’ second-generation bio refinery project is currently underway in India for which Valmet will be delivering its biomass pretreatment system. The solution will be delivered next year to the Asian firm. read...

Sibur, Gazprom Collaborate to Assess Gas Processing, Petrochemistry Projects

Russia: Project Evaluations

Sibur, Gazprom Collaborate to Assess Gas Processing, Petrochemistry Projects

Sibur and Gazprom signed two roadmaps for assessing the large scale investment projects in the Republic of Tatarstan and the Yamal-Nenets Autonomous Area. Based on the outcome of these roadmaps, the companies will decide on further cooperation with each other. read...

Lukoil Inaugurates New Lubricants Facility in Kazakhstan

Kazakhstan: Lubricants

Lukoil Inaugurates New Lubricants Facility in Kazakhstan

The new plant is located in the Almaty region and is expected to produce 800 plus diverse lubricants including Lukoil Genesis. With an annual output of 100,000 tonnes, the facility will offer more than 200 jobs for the locals. read...

Neste Partners with Lufthansa to Develop Renewable Solutions for Aviation

Finland: Sustainable Aviation Fuels

Neste Partners with Lufthansa to Develop Renewable Solutions for Aviation

Under the terms of the collaboration, Lufthansa will make use of Neste’s sustainable aviation fuel for its flights departing from Frankfurt, Germany. The sustainable aviation fuel is produced from renewable waste and residue raw materials. read...

MOL and Thyssenkrupp Start Construction of New Polyol Complex

Hungary: $ 1.3 Billion Investment

MOL and Thyssenkrupp Start Construction of New Polyol Complex

Thyssenkrupp is building a new integrated chemical complex in Hungary. The foundation stone for the polyol production facility was laid on September 27, 2019 in Tiszaújváros. read...

Exxon Mobil Sells Norway Upstream Assets for 4.5 Billion Dollars

Norway: Oil & Gas

Exxon Mobil Sells Norway Upstream Assets for 4.5 Billion Dollars

Vår Energi has signed an agreement with Exxon Mobil to acquire the non-operated upstream assets in Norway. The deal is in line with Exxon Mobil’s strategy to divest approximately 15 billion dollars in non-strategic assets by 2021. read...

OGCI Undertakes New Initiatives to Reduce Gas Emissions

USA: Sustainability Goals

OGCI Undertakes New Initiatives to Reduce Gas Emissions

The Oil and Gas Climate Initiative (OGCI) has launched additional initiatives to support the objectives of the Paris Agreement including the introduction of a Kick Starter initiative to encourage large-scale commercial carbon capture, use and storage across the globe. read...

Massive Fire Breaks Out at Haldia Petrochemicals’ Naphtha Cracker Unit

India: Plant Shutdown

Massive Fire Breaks Out at Haldia Petrochemicals’ Naphtha Cracker Unit

The fire at Haldia Petrochemicals’ plant has been extinguished but it remains shut in order to identify the root cause of the fire and also to examine the extent of damage caused. Haldia Petrochemicals also has plans to form a committee to probe the incident. read...

Petrofac Wins Maintenance Services Contract from Al Dhafra Petroleum

UAE: Onshore Support

Petrofac Wins Maintenance Services Contract from Al Dhafra Petroleum

Under the terms of the contract, Petrofac will provide maintenance services for Al Dhafra Petroleum’s Haliba field which is located onshore along the south-east border of Abu Dhabi, UAE. read...

Saudi Aramco Completes Acquisition in Sasref JV for 631 Million Dollars

Saudi Arabia: Downstream Operations

Saudi Aramco Completes Acquisition in Sasref JV for 631 Million Dollars

Saudi Aramco has completed the acquisition of Shell’s 50 % stake in the Sasref refining joint venture in Jubail, Saudi Arabia. The move is in line with Saudi Aramco’s long term downstream growth strategy. read...

Equinor Begins Production from Utgard Gas and Condensate Field

Norway: Field Development

Equinor Begins Production from Utgard Gas and Condensate Field

Equinor and its partners have successfully delivered the project ahead of schedule without any injuries. The project has also been completed 25 % below the cost estimate. read...

Hanwha Total Increases Ethylene Production by Investing 450 Million Dollars

South Korea: Petrochemicals

Hanwha Total Increases Ethylene Production by Investing 450 Million Dollars

The Daesan integrated refining and petrochemicals complex has begun its new ethylene production capacities in South Korea. Now, the complex can produce 1.4 million tonnes per year of ethylene, an increase of 30 %. read...

Saudi Aramco Loses 6 Million Barrels of Oil to Drone Attack

Saudi Arabia: Oil Crisis

Saudi Aramco Loses 6 Million Barrels of Oil to Drone Attack

The drone attacks at Saudi Aramco’s Abqaiq plant and Khurais oil field knocked out more than half of the firm’s daily output which is 5 % of the global crude supply. Recent news reports have now stated that the Saudi oil major will fully restore production at both the plants by the end of September. read...