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Pertamina Awards 10 Billion Dollar Project to Japanese-Omani Consortium

Indonesia: Refinery Project

Pertamina Awards 10 Billion Dollar Project to Japanese-Omani Consortium

02/21/2018 - The Indonesian state oil and gas company Pertamina partners with Omani OOG and the Japanese company Cosmos Energy Holdings for the construction of the Bontang refinery. The value of this development project is estimated at $ 10 billion. read...

Total, Borealis and Nova Chemicals Form JV in Petrochemicals

USA: Petrochemicals

Total, Borealis and Nova Chemicals Form JV in Petrochemicals

02/21/2018 - Total, Borealis and Nova Chemicals announced that affiliates of the three companies have signed definitive agreements to form a joint venture in petrochemicals on the US Gulf Coast. read...

CB&I Awarded Technology and Material Supply Award for Ethylene Plant

Thailand: Brownfield Ethylene Plant

CB&I Awarded Technology and Material Supply Award for Ethylene Plant

02/20/2018 - CB&I has been awarded a contract by Samsung Engineering (Thailand) for a brownfield ethylene plant at PTT Global Chemical's (PTTGC) petrochemicals complex in Map Ta Phut, Rayong, Thailand. read...

Consortium Invests in Ocean-Going Vessels Fueled By Methanol

Methanol-Fueled Vessels

Consortium Invests in Ocean-Going Vessels Fueled By Methanol

02/19/2018 - A consortium consisting of Waterfront Shipping Company (WFS), Marinvest/Skagerack Invest, IINO Kaiun Kaisha, Mitsui, and the NYK Group announced their investment in four new ocean-going vessels powered by clean-burning methanol fuel. read...

Saipem Awarded 750 Million Dollar Onshore E&C Contract

Oman: Duqm Refinery Project

Saipem Awarded 750 Million Dollar Onshore E&C Contract

02/19/2018 - Saipem has been awarded a new contract in the onshore E&C sector worth approximately $ 750 million. The scope of work involves engineering, procurement, construction and commissioning under Package 3 Offsite Facilities in the framework of the development of the Duqm Refinery located near the coast in the north east of Oman. 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

Sibur and Gazprom Sign Ethane Supply Agreement

Russia: Gas Supply

Sibur and Gazprom Sign Ethane Supply Agreement

Sibur and Gazprom entered into a preliminary agreement for the supply of ethane from Gazprom’s Amur Gas Processing Plant (GPP) to Sibur's Amur Gas Chemical Complex (GCC). read...

Chevron Lummus to Conduct Master Plan Study for Mol Group

Hungary: Petrochemical Value Chain

Chevron Lummus to Conduct Master Plan Study for Mol Group

Chevron Lummus Global (CLG), a joint venture between Chevron and CB&I, has been selected for a Master Plan Study by Mol Group headquartered in Budapest, Hungary. read...

CB&I Combine Businesses with McDermott and Receives Contract by IGP Methanol

USA: Methanol Complex

CB&I Combine Businesses with McDermott and Receives Contract by IGP Methanol

CB&I and McDermott International announced that they have entered into a business transaction agreement valued $ 6 billion, under which the two companies will combine in an all-stock transaction. The combination will create a fully vertically integrated onshore-offshore company with a broad engineering, procurement, construction and installation service offering and technology portfolio. CB&I also announced that it has been awarded a contract by IGP Methanol LLC. read...

Samsung Engineering Awarded 3.1 Billion Dollar Refinery Project

UAE: Atmospheric Residue De-Sulfurization

Samsung Engineering Awarded 3.1 Billion Dollar Refinery Project

Samsung Engineering has received a letter of award (LOA) to build a Crude Flexibility Project (CFP) on behalf of Adnoc Refining in the United Arab Emirates. read...

Start-Up of Jiaxing Petrochemical's Second PTA Line

China: Polyester Value Chain

Start-Up of Jiaxing Petrochemical's Second PTA Line

Invista Performance Technologies (IPT) and Jiaxing Petrochemical, a subsidiary of Tongkun Group, announced the successful start-up of Jiaxing Petrochemical’s second PTA line. read...

Chandra Asri Breaks Ground on New Polyethylene Plant

Indonesia: Petrochemical Complex

Chandra Asri Breaks Ground on New Polyethylene Plant

PT Chandra Asri Petrochemical has commenced construction of a new Polyethylene Plant project with a capacity of 400 kta at its integrated petrochemical complex in Cilegon, Banten, Indonesia. read...

Qatar Petroleum Signs Agreement with Total for Exploration in South Africa

Qatar: Oil Expansion

Qatar Petroleum Signs Agreement with Total for Exploration in South Africa

With this agreement, Qatar intends to expand and reinforce Qatar’s leading position in the field of energy across the globe. read...

BP and Reliance Industries JV ‘India Gas Solutions’ Elects Vinod Tahiliani as CEO

India: Appointment in Gas Sector

BP and Reliance Industries JV ‘India Gas Solutions’ Elects Vinod Tahiliani as CEO

India Gas Solutions (IGS) is a 50:50 joint venture company of BP and Reliance Industries that looks after sourcing and marketing of natural gas in India. read...

Ecolab Announces Sale of Oilfield Equipment Fabrication Unit

USA: Oilfield Equipment

Ecolab Announces Sale of Oilfield Equipment Fabrication Unit

Ecolab announced the sale of its Fab-Tech business unit to Dragon Products. The Fab-Tech business is a part of the company's Global Energy segment based in Casper, Wyoming that performs custom design, engineering and fabrication of oilfield equipment. read...

Jacobs Awarded Extended Contract for Shell's Plant in Scotford

Canada: Hydrocarbon Processing

Jacobs Awarded Extended Contract for Shell's Plant in Scotford

Jacobs Engineering Group received a five-year contract renewal from Shell Canada to provide mechanical maintenance and turnaround services on the company’s Scotford site located in Fort Saskatchewan, Alberta, Canada. read...

Exxon Mobil's Ethane Cracker at Baytown to Start-Up Soon

USA: Polyethylene Production

Exxon Mobil's Ethane Cracker at Baytown to Start-Up Soon

Exxon Mobil announced that a new 1.5 million ton-per-year ethane cracker at its Baytown, Texas complex is mechanically complete with commissioning progressing well. Project startup is expected during the second quarter of 2018. read...

Shell is Awarded Nine Key Blocks in Deep-Water Bid Round

Mexico: Oil Exploration

Shell is Awarded Nine Key Blocks in Deep-Water Bid Round

The company has been able to achieve this feat by partnering with Pemex Exploración y Producción and Qatar Petroleum International. With this win, the company looks to further expand its presence in Mexico. read...

Peter Clarke is New President of Exxon Mobil Gas & Power Marketing Company

Appointment

Peter Clarke is New President of Exxon Mobil Gas & Power Marketing Company

Post the retirement of the company’s current president, the board of directors have elected Peter Clarke as the organisation’s new head. read...