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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...

BP and Copersucar to Form a JV in Brazil

Brazil: Ethanol from Sugar

BP and Copersucar to Form a JV in Brazil

BP Biofuels and Copersucar announced that they have agreed to form a joint venture to own and operate a major ethanol storage terminal in Brazil. Copersucar is a sugar and ethanol trader, with the largest sugar and ethanol storage capacity in Brazil. read...

Lotte Versalis Commissions Integrated Plant for Elastomer Production

South Korea: Production of Elastomers

Lotte Versalis Commissions Integrated Plant for Elastomer Production

Lotte Versalis Elastomers has opened a new integrated industrial complex for the production of elastomers in Yeosu, South Korea. read...

Air Liquide Awarded Contract for Biodiesel Plant

USA: Oleochemical Production Chain

Air Liquide Awarded Contract for Biodiesel Plant

Air Liquide Engineering & Construction signed an agreement with Cargill for engineering and supply of a world-scale biodiesel plant in Wichita Kansas, USA. read...

Cepsa to Evaluate World-Scale Linear Alkyl Benzene Complex in Abu Dhabi

UAE: Downstream Industry

Cepsa to Evaluate World-Scale Linear Alkyl Benzene Complex in Abu Dhabi

Cepsa and the Abu Dhabi National Oil Company (Adnoc) have today signed a memorandum of understanding to evaluate a new world-scale Linear Alkyl Benzene (LAB) complex in Ruwais, Abu Dhabi. read...

Antwerp Port Authority Invests in Digitalization and Pipeline Infrastructure

Belgium: Port Modernization and Growth Strategy

Antwerp Port Authority Invests in Digitalization and Pipeline Infrastructure

Antwerp Port Authority and FPIM (Federal Participation & Investment Company) are to jointly acquire a stake in Nxt Port, the digital data platform for the port community. The port authority also announced that it would acquire the Nationale Maatschappij der Pijpleidingen (NMP) from its current shareholders Ackermans & van Haaren and Electrabel. With the takeover the port authority will gain ownership and control of 720 km of pipelines. read...

Fertilizer Company Eurochem Sells its Oil and Gas Subsidiary Severneft-Urengoy to Novatek

Mergers & Acquisition

Fertilizer Company Eurochem Sells its Oil and Gas Subsidiary Severneft-Urengoy to Novatek

Novatek, one of the largest independent natural gas producers in Russia, takes over oil & gas company Severneft-Urengoy from fertilizers conglomerate Eurochem for an undisclosed sum. read...

Sibur Starts Construction of DOTP Plant in Perm

Russia: Plasticiser Production

Sibur Starts Construction of DOTP Plant in Perm

Sibur has broken ground for a 100 ktpa dioctyl terephthalate (DOTP) facility in Perm, Russia. The construction project is carried out in cooperation with the Perm Territory Government as part of a special eight-year investment contract. Production is scheduled to start in 2019. read...

Suspected Gas Leak Kills Three Workers at Petro China Refinery

China: Accident at Refinery

Suspected Gas Leak Kills Three Workers at Petro China Refinery

Chinese state media reported on Monday that a suspected gas leak at a refinery in Dalian lead to the death of three workers. read...

Linde and Adnoc Sign MoU to Explore New Industrial Gases Complex

United Arab Emirates: Downstream Production

Linde and Adnoc Sign MoU to Explore New Industrial Gases Complex

Abu Dhabi National Oil Company (Adnoc), has signed a memorandum of understanding with The Linde Group to explore the expansion of nitrogen facilities in Ruwais, Abu Dhabi, to meet future industrial demand. read...

Total Acquires Engie’s Upstream LNG Business

Acquisition

Total Acquires Engie’s Upstream LNG Business

Post the transaction, Total will become the second largest LNG player in the world with a global market share of 10 %. The company will also manage an overall volume of around 40 million tonnes of LNG per year by 2020. read...