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Eni Gets Approval for Offshore Exploration License in Mediterranean Sea

Egypt: Oil & Gas

Eni Gets Approval for Offshore Exploration License in Mediterranean Sea

08/16/2018 - The exploration license is named ‘Nour’ and with this project the firm is expecting to strengthen its position in Egypt. The company intends to commence drilling of the exploration well in the second half of 2018. read...

Petrofac Bags 370 Million Dollar Contract from Basra Oil Company

Iraq: EPC

Petrofac Bags 370 Million Dollar Contract from Basra Oil Company

08/16/2018 - The project involves the expansion of the Central Processing Facility in the Majnoon Field and work is expected to be complete in a time frame of 34 months. read...

Haldor Topsoe to Fully Acquire Ferrostaal Topsoe Projects

Denmark: Acquisition

Haldor Topsoe to Fully Acquire Ferrostaal Topsoe Projects

08/15/2018 - Danish catalyst specialist Haldor Topsoe announced that it was going to acquire full ownership of German Ferrostaal Topsoe Projects GmbH. The acquisition adds project planning and development know-how to the company's portfolio of high-performance catalyst and proprietory technologies for the chemical and refining industries. read...

Positive Environmental Assessment Report for Velocys' Planned Biorefinery

USA: Biofuels

Positive Environmental Assessment Report for Velocys' Planned Biorefinery

08/13/2018 - Velocys announced that the US Department of Agriculture (USDA) has issued a Finding of No Significant Impact (Fonsi) on the environmental assessment report for Velocys’ planned Bayou Fuels biorefinery in Natchez, Mississippi. read...

Saudi Aramco, Air Products, and Acwa to Create 8 Billion Dollar plus JV

Saudi Arabia: Business Expansion

Saudi Aramco, Air Products, and Acwa to Create 8 Billion Dollar plus JV

08/13/2018 - The PPP mega gasification/power JV project is expected to produce power, hydrogen and other utilities for Saudi Aramco. The project is in line with the Kingdom’s Saudi Vision 2030 and is scheduled to commence in 2019. read...

Articles

To the Last Drop – How Pumps Can Become Efficiency–Enablers for Tank Farms

Screw Pumps/Tank Storage

To the Last Drop – How Pumps Can Become Efficiency–Enablers for Tank Farms

05/29/2018 - How screw pumps strip out even highly viscous media – When emptying an oil or fuel tank (a process refferd to as stripping), quite often residual product of the highly viscous media is left behind. But does it have to be that way? Pumps with excellent intake at low NPSHr values can in fact completely empty tanks – even of crude oil and bitumen. And one technology in particular outperforms the rest... read...

NEWS

Adnoc Aims to Improve Business Relations with Japan

UAE/Japan: Energy Prospects

Adnoc Aims to Improve Business Relations with Japan

The Arabian firm has plans to focus on the increasing energy needs of Asian economies and at the same time aims to attract new investment opportunities in its Upstream and Downstream operations. read...

Moda Midstream Acquires Ingleside Terminal from Occidental

USA: Export Terminal

Moda Midstream Acquires Ingleside Terminal from Occidental

Liquids terminaling and logistics provider Moda Midstream has entered into a definitive agreement to acquire the Oxy Ingleside Energy Center and certain crude oil and LPG infrastructure from Occidental Petroleum Corporation. read...

Sumitomo Awarded Contract by Hyundai for CFB Power Plant

South Korea: Biomass Power Plant

Sumitomo Awarded Contract by Hyundai for CFB Power Plant

Sumitomo SHI FW has been awarded a contract by Hyundai Engineering & Construction (HDEC) for design and supply of the Daesan Biomass Power Plant boiler island. read...

Lyondell Basell to Supply Polypropylene and Polyethylene Technology to Chandra Asri

Indonesia: PP and LDPE Technology

Lyondell Basell to Supply Polypropylene and Polyethylene Technology to Chandra Asri

Lyondell Basell announced that Indonesian company PT Chandra Asri Perkasa, has selected their polypropylene (PP) and low density polyethylene (LDPE) technologies for two new plants. read...

India Approves Setting Up of Additional Strategic Petroleum Reserves

India: Oil Storage

India Approves Setting Up of Additional Strategic Petroleum Reserves

The government has given a go ahead to develop an extra 6.5 MMT of Strategic Petroleum Reserve at Chandikhol in Odisha and Padur in Karnataka, India. read...

Adnoc Joins Saudi Aramco to Develop 44 Billion Dollar Ratnagiri Refinery Complex

India: Oil Investment

Adnoc Joins Saudi Aramco to Develop 44 Billion Dollar Ratnagiri Refinery Complex

An agreement was recently signed between both the firms to jointly explore a strategic partnership and co-investment in the mega project. The move has been undertaken by the companies to strengthen its access in one of the world’s largest and fastest growing refining and petrochemical markets. read...

Lanzatech Wins Bid for World's First Large Scale ATJ Facility

UK: Alcohol-to-Jet Facility

Lanzatech Wins Bid for World's First Large Scale ATJ Facility

Lanzatech submitted a bid to the UK Department for Transport (DfT) Future Fuels for Flight and Freight Competition (F4C) for partial funding of this facility and has been selected for project development funding with a $ 545,000 grant from the UK government. read...

Wood Secures Multi-Million Dollar Contract from Hyundai Engineering

Malaysia: Steam Methane Reformer

Wood Secures Multi-Million Dollar Contract from Hyundai Engineering

Wood has been awarded a multi-million dollar contract with Hyundai Engineering to provide detailed engineering services and material supply for a steam methane reformer, part of a new Wood-licensed hydrogen production unit for the Melaka Refinery Diesel Euro 5 Project in Malaysia. read...

Equinor to Acquire Barra’s 10 % Interest in Carcará Area

Brazil: License Agreement

Equinor to Acquire Barra’s 10 % Interest in Carcará Area

Equinor has plans to buy the stake in the BM-S-8 license in Santos basin, offshore Brazil for 370 million dollars. read...

Praxair Sells European Business to Taiyo Nippon Sanso Corporation

Europe: Industrial Gas

Praxair Sells European Business to Taiyo Nippon Sanso Corporation

Under the agreement, Praxair will sell its industrial gas business present across 12 key European countries to the Japanese industrial gas manufacturing firm. Through the deal, Taiyo Nippon Sanso Corporation aims to enter the European market and establish a global footprint. read...

BP Signs Contract with Conoco Phillips to Acquire 45.1 % Interest in Clair field

UK: Purchase of Oil Stake

BP Signs Contract with Conoco Phillips to Acquire 45.1 % Interest in Clair field

Through this deal, BP aims to buy Conoco Phillips’s 16.5% interest in the field. In addition to this, BP has sold its entire 39.2 % interest in the Greater Kuparuk Area, Alaska to Conoco Phillips. read...

Mc Dermott Bags Two Tech Contracts for Chandra Asri’s Petrochemical Complex

Indonesia: Technology Agreements

Mc Dermott Bags Two Tech Contracts for Chandra Asri’s Petrochemical Complex

The project is expected to produce 1,100 kta of ethylene, 600 kta of propylene and 175 kta of butadiene by using Mc Dermott’s specialised technologies. read...

Adnoc’s Al Yasat Awards Contract to NPCC for Development of Offshore Field

UAE: EPC

Adnoc’s Al Yasat Awards Contract to NPCC for Development of Offshore Field

The contract has been awarded under Adnoc’s ‘In-Country Value programme’ through which the firm aims at feeding over half the value of the NPCC contract back into the local market, thus generating employment for the locals. read...