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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...

Maire Tecnimont to Revamp Socar Refinery

Azerbaijan: EPC Contract

Maire Tecnimont to Revamp Socar Refinery

Maire Tecnimont and Azerbaijan's state oil company Socar signed an EPC contract for the modernization and reconstruction of the Heydar Aliyev Baku Oil Refinery. The contract amounts to a value of approx. $ 800 million. read...

Haldor Topsoe Becomes Technology Licensor of World’s Largest Methanol Plant

Methanol Production

Haldor Topsoe Becomes Technology Licensor of World’s Largest Methanol Plant

IGP Methanol has awarded Haldor Topsoe a contract for engineering of a methanol plant that will produce 1.8 million tons per year, which is part of a planned complex with a total production capacity of 7.2 million tons per year. read...

Cyprus and Malta Receive EU Grants for Gas Projects

Europe: Gas Network

Cyprus and Malta Receive EU Grants for Gas Projects

The EU has allotted 126 million dollars to introduce natural gas in Cyprus. Another 4.6 million will be awarded for a study on the Malta-Italy Gas Interconnection. read...

Exxon Mobil to Invest 2 Billion Dollars in Permian Oil Production

USA: Downstream and Chemicals Production

Exxon Mobil to Invest 2 Billion Dollars in Permian Oil Production

Exxon Mobil announced plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. read...

Yokogawa to Supply Gas Pipeline Management and Control System to Gasco

Egypt: Gas Infrastructure

Yokogawa to Supply Gas Pipeline Management and Control System to Gasco

Yokogawa Middle East & Africa has received an order from the state-owned Egyptian Natural Gas Company (Gasco) to supply a gas pipeline management and control system. read...

Hess Midstream and Targa Resources Form JV to Build Gas Processing Plant

USA: Gas Processing

Hess Midstream and Targa Resources Form JV to Build Gas Processing Plant

Hess Midstream announced the formation of a 50/50 JV with Targa Resources to build a 5.66 million m3 per day gas processing plant in North Dakota. read...

China is Now World’s Second Biggest LNG Importer

China: LNG Market

China is Now World’s Second Biggest LNG Importer

With imports of 38.1 million tonnes of LNG in 2017, China has passed South Korea to gain the No 2 spot in the global LNG import market. Japan continues to lead the number one rank. read...

Air Products to Supply Syngas for Bharat Petroleum Refinery

India: World-Scale Industrial Gas Complex

Air Products to Supply Syngas for Bharat Petroleum Refinery

Air Products signed of a long-term agreement with Bharat Petroleum Corporation Limited (BPCL) to build, own and operate a new syngas production facility at the BPCL Kochi Refinery in Kochi, India. read...

Air Liquide to Increase Supply of Hydrogen and Carbon Monoxide to KMCI

South Korea: New Hydrogen Production Unit

Air Liquide to Increase Supply of Hydrogen and Carbon Monoxide to KMCI

Air Liquide and major Korean chemical company Kumho Mitsui Chemical (KMCI) expanded their cooperation with a recently signed long-term contract, according to which the industrial gases company will increase its supply of both hydrogen and carbon monoxide at the Yeosu industrial complex. read...

Mitsubishi Tests Large-Scale Gas Turbine Fuelled by Hydrogen Mix

Japan: Power Generation

Mitsubishi Tests Large-Scale Gas Turbine Fuelled by Hydrogen Mix

Mitsubishi Hitachi Power Systems (MHPS) announced the successful firing test of a large-scale gas turbine fuelled by a 30 % hydrogen fuel mix. read...