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Conoco Signs 2 Billion Dollar Settlement Contract with Venezuelan State-Owned Oil Firm

Venezuela: Business Trade-off

Conoco Signs 2 Billion Dollar Settlement Contract with Venezuelan State-Owned Oil Firm

08/21/2018 - Under the International Chamber of Commerce judgement, Pdvsa has agreed to make initial payments of 500 million dollars within 90 days. The pending amount is expected to be paid on a quarterly basis in the next 4.5 years. read...

Petrofac Awarded EPC Contract by Basra Oil Company

Iraq: Oil Processing

Petrofac Awarded EPC Contract by Basra Oil Company

08/20/2018 - Petrofac has been awarded a contract worth around $ 370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), located in the Majnoon Field, Southern Iraq. read...

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...

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

Toyo Wins Contract for Naphta Cracking Furnaces Project

Japan: Naphta Cracker

Toyo Wins Contract for Naphta Cracking Furnaces Project

Toyo Engineering Corporation was awarded an expansion of naphtha cracking furnaces project from Maruzen Petrochemical, which is intended to increase ethylene production at its Chiba plant. read...

Positive Environmental Assessment Report for Velocys' Planned Biorefinery

USA: Biofuels

Positive Environmental Assessment Report for Velocys' Planned Biorefinery

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

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...

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...

BP Commences Work at 28 Billion Dollar Shah Deniz 2 Gas Project

Azerbaijan: Gas Development

BP Commences Work at 28 Billion Dollar Shah Deniz 2 Gas Project

The timely project will act as a platform for new gas supplies to be sent directly into Europe. The Shah Deniz 2 gas development project is BP’s largest new upstream project in 2018. read...

Total to Sell Its Stake in Dunkerque LNG Terminal

France: Liquefied Gas

Total to Sell Its Stake in Dunkerque LNG Terminal

Total has announced that was going to enter into an agreement to sell its 9.99 % stake in the Dunkerque LNG terminal, as a part of a broader sale process initiated by EDF (65.01 %) earlier this year. read...

Exxon Mobil Completes Takeover of FKT

Indonesia: Lubricants

Exxon Mobil Completes Takeover of FKT

The acquired company is one of Indonesia’s largest manufacturers of motorcycle lubricants and the deal will enable Exxon Mobil to strengthen its position in the region. read...

S & B Wins EPC Contract for 300,000 BPD Project

USA: NGL Fractionation

S & B Wins EPC Contract for 300,000 BPD Project

S & B has been awarded a contract by Phillips 66 to perform engineering, procurement and construction for two NGL fractionation plants at the client’s Sweeny Hub in Old Ocean, Texas. read...

Evonik Invests in US Catalysts Plant

USA: Refinery Catalysts

Evonik Invests in US Catalysts Plant

The Evonik Business Line Catalysts (KA) extended its long-term partnership with a global leader in refinery catalysts. To this end, the company manufactures their state of the art hydroprocessing catalysts in its plant in Calvert City, Kentucky. read...

Clariant Launches New Facilities at Clinton Plant

USA: Lab Inauguration

Clariant Launches New Facilities at Clinton Plant

The plant comprises a leading-edge laboratory and will support the growing oil and gas industry within the Mid-Continental area. The facility’s geographical location is also expected to ensure quick turnaround times for the firm. read...

Total Collaborates with Pavilion Energy for Establishing LNG Bunker Supply Chain

Singapore: Fuel Supply

Total Collaborates with Pavilion Energy for Establishing LNG Bunker Supply Chain

Under the terms of the agreement, Pavilion Gas will commission a new LNG bunker vessel by 2020. It will also include an LNG supply arrangement between the two companies which will further enhance Singapore’s image as an LNG bunkering hub. read...

Linde and Evonik Cooperate in Membrane Technology for Natural Gas Processing

Germany: Gas Processing

Linde and Evonik Cooperate in Membrane Technology for Natural Gas Processing

The Linde Group and the specialty chemicals company Evonik Industries have concluded an exclusive cooperation agreement on the use of membranes for natural gas processing. read...