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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...

Delaware Basin Assets Acquired by Oasis Petroleum for 946 Million Dollars

Oil Agreement

Delaware Basin Assets Acquired by Oasis Petroleum for 946 Million Dollars

The company has entered into a definitive purchase and sale agreement with Forge Energy to acquire 20,300 net acres in the Delaware Basin. The acquisition is expected to close in February 2018. read...

Air Products Acquires Shell's Coal Gasification Technology and Patents for Liquids Gasification

USA: Technology Acquisition

Air Products Acquires Shell's Coal Gasification Technology and Patents for Liquids Gasification

Air Products announced an agreement to acquire Shell’s Coal Gasification Technology business as well as the patent portfolio for Liquids (Residue) Gasification. read...

Clariant and Sinopec Sign Agreement on Fuel Upgrading Catalyst Technology

China: Post Desulfurization of FCC Gasoline

Clariant and Sinopec Sign Agreement on Fuel Upgrading Catalyst Technology

Clariant has signed two key agreements with Sinopec in Beijing. In the first agreement, Sinopec licenses its FCAS series of S-Zorb sorbent to Clariant. The second agreement is the FCC (Fluid Catalytic Cracking) Agency Agreement between Sinopec Catalyst Company (SCC) and Clariant Qatar W.L.L. stating that Clariant Qatar W.L.L. will be the representative for Sinopec’s FCC catalysts to oil refineries in Qatar. read...

Sinopec to Use Eni's Proprietary Slurry Technology at Maoming Refinery

China: Refining Technology

Sinopec to Use Eni's Proprietary Slurry Technology at Maoming Refinery

Eni has sold the licence and basic engineering project to the Chinese company Sinopec, for the construction of a refining plant based on the Eni Slurry Technology (EST). The plant will be built at the Sinopec refinery in Maoming, in Guandong province. read...

Arcanum to Expand Butene-1 Plant in Baytown

USA: Ethylene-to-Butene-1 Production

Arcanum to Expand Butene-1 Plant in Baytown

Arcanum announced plans for expansion of its Butene-1 production complex. The Company's flagship project, Raven, an on-purpose Ethylene-to-Butene-1 processing facility, is currently under construction in Baytown, Texas. read...

One Million Tonne of Oil Produced at Yarega Field by Lukoil

Oil Generation

One Million Tonne of Oil Produced at Yarega Field by Lukoil

The company has plans to increase Yarega’s production by 20 % as compared to the figures of 2016. It also intends to increase its volumes of steam injected into production formations by almost 50 %. read...

Sixth Oil Discovery Announced by Exxon Mobil in the Offshore Guyana Region

Oil Exploration

Sixth Oil Discovery Announced by Exxon Mobil in the Offshore Guyana Region

The Ranger-1 exploration well encounters 230 feet of high-quality, oil-bearing carbonate reservoir. The well was safely drilled to a depth of 21,161 feet. read...

MOU Signed between India and Israel for Cooperation in Oil and Gas Sector

Business Agreement

MOU Signed between India and Israel for Cooperation in Oil and Gas Sector

The agreement is expected to improve business relations between the two countries in the energy sector. read...

World’s Largest Refinery Off-Gas Cracker Complex Commissioned by Reliance Industries

India: Mega Project

World’s Largest Refinery Off-Gas Cracker Complex Commissioned by Reliance Industries

With a capacity of 1.5 MMTPA, the complex has incorporated feedstock integration with Jamnagar refineries in Gujarat to provide sustainable cost advantage over global peers. read...

Schlumberger Wins Saudi Aramco Contracts for Oil and Gas Wells

Business Deal

Schlumberger Wins Saudi Aramco Contracts for Oil and Gas Wells

Schlumberger will be drilling rigs and also providing services for 146 gas wells and 128 oil wells according to the contract. Enhanced processes along with the usage of the latest technology will also be implemented in these mega projects. read...