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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...

Sabic Becomes Largest Clariant Shareholder

Saudi Arabia/Switzerland: Chemical Industry

Sabic Becomes Largest Clariant Shareholder

Petrochemicals manufacturer Sabic has acquired a stake of 24.99 % in Clariant. The acquisition of these stakes, which were previously held by White Tale and 40 North, makes the Saudi company the largest Clariant shareholder. read...

Sadara to Supply German-Saudi JV with Ethylene Oxide and Propylene Oxide

Saudi Arabia: Feedstock for Speciality Chemicals

Sadara to Supply German-Saudi JV with Ethylene Oxide and Propylene Oxide

Sadara has signed an agreement to supply Sadig-Ilco, a new Saudi-German joint venture that produces various specialty chemicals based on Ethylene Oxide (EO) and Propylene Oxide (PO). read...

Joint Development Agreement Signed to Commercialize Saudi Aramco's TC2C Technology

Saudi Arabia: Thermal Crude to Chemicals Process

Joint Development Agreement Signed to Commercialize Saudi Aramco's TC2C Technology

Saudi Aramco, CB&I, and Chevron Lummus Global have signed a joint development agreement to scale up and commercialize Saudi Aramco's Thermal Crude to Chemicals (TC2C) technology. read...

Exxon Mobil Signs Petroleum Agreement with Ghana Government

Oil Exploration

Exxon Mobil Signs Petroleum Agreement with Ghana Government

The company has acquired exploration and production rights for the Deepwater Cape Three Points block. Located off the coast of Ghana, the project is expected to commence later in 2018. read...

Shell’s Coal Gasification Technology Business to be Acquired by Air Products

Business Strategy

Shell’s Coal Gasification Technology Business to be Acquired by Air Products

Air Products is in the process to acquire Shell’s Coal Gasification Technology business along with its patent portfolio for Liquids Gasification. The two companies have also formed a strategic alliance in the Liquids Gasification field and intend to offer a range of solutions to the market. read...

Praxair Increases Supply of Hydrogen to Motiva Refinery

USA: Hydrocracker Plant

Praxair Increases Supply of Hydrogen to Motiva Refinery

Praxair announced that it has expanded its long-term hydrogen supply agreement with Motiva Enterprises LLC. Under this new agreement, the company will increase the amount of hydrogen it supplies to Motiva’s approximately 600,000 barrel per day refinery in Port Arthur, Texas. read...

Hydrocarbons Discovered by Exxon Mobil Onshore Papua New Guinea

Oil & Gas

Hydrocarbons Discovered by Exxon Mobil Onshore Papua New Guinea

The company is continuing its active onshore and offshore exploration programmes in an effort to provide additional resources to expand existing and planned development projects. read...

Enterprise Products Expands Natural Gas Processing and Butane Isomerization Capacities

USA: Midstream Energy Services

Enterprise Products Expands Natural Gas Processing and Butane Isomerization Capacities

Enterprise Products Partners plans to add 300 million cubic feet per day (MMcf/d) of incremental capacity at its cryogenic natural gas processing facility under construction near Orla, Texas in Reeves County. The partnership also announced plans to expand its butane isomerization facility at its complex in Mont Belvieu, Texas. read...

Jacobs to Provide Further EPCM Services for BP's Khazzan Project in Oman

Oman: Tight Gas Project

Jacobs to Provide Further EPCM Services for BP's Khazzan Project in Oman

Jacobs Engineering has been selected by BP to provide engineering, procurement and construction management (EPCM) services for the Phase 2 of the Khazzan Project in the Sultanate of Oman. read...

Conversion of FCC Off-Gas Olefins to High-Octane Gasoline

USA: Off-Gas Utilization

Conversion of FCC Off-Gas Olefins to High-Octane Gasoline

Koch-Glitsch and Invista Performance Technology (IPT), affiliates of Koch Industries, announced a new partnership to offer DTL process technology, allowing refineries to capture the value spread between replacement fuel costs and high-octane gasoline blend stock. read...