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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...

Inter Pipeline to Build World-Scale Integrated Propane Dehydrogenation and PP Complex

Canada: PDH and PP Production

Inter Pipeline to Build World-Scale Integrated Propane Dehydrogenation and PP Complex

Inter Pipeline announced the construction of a world-scale integrated propane dehydrogenation (PDH) and polypropylene (PP) plant. The facilities, collectively referred to as the Heartland Petrochemical Complex, are estimated to cost $ 3.5 billion in aggregate and will be located in Strathcona County, Alberta near Inter Pipeline’s Redwater Olefinic Fractionator. read...

Sibur to Expand Terephthalic Acid Plant in Blagoveshchensk

Russia: PET Production

Sibur to Expand Terephthalic Acid Plant in Blagoveshchensk

Sibur has announced the upgrade of their terephthalic acid production at the Polief Blagoveshchensk site to expand its annual capacity to 350,000 tonnes. The project seeks to improve the site’s production efficiency and environmental safety, the company said. read...

CB&I and McDermott Combine Businesses to Create Engineering Giant

6 Billion Dollar Deal

CB&I and McDermott Combine Businesses to Create Engineering Giant

McDermott and CB&I have agreed to combine in an all-stock transaction to create a fully vertically integrated onshore-offshore company, with a broad engineering, procurement, construction and installation service. The estimated enterprise value of the transaction is approximately $ 6 billion. read...

Kværner Awarded Contract for Gas Pipeline Facilities

Nord Stream 2

Kværner Awarded Contract for Gas Pipeline Facilities

The Swiss operating company Nord Stream 2 AG and Kvaerner have signed a contract for delivery of onshore facilities for a new Russian gas export pipeline. The contract value is somewhat above $ 71.72 million. read...

Eni Makes Largest Gas Discovery in Mediterranean Sea

Oil & Gas

Eni Makes Largest Gas Discovery in Mediterranean Sea

The company began production in the Zohr field and has discovered potential resources equivalent to 5.5 billion barrels of oil in record time. read...

Nova Chemicals Announces Growth Projects for Polyethylene Production in Canada

Canada: Cracker Expansion

Nova Chemicals Announces Growth Projects for Polyethylene Production in Canada

Nova Chemicals announced two growth projects for its Ontario operations involving a capital investment expected to exceed $ 1.57 billion. read...

Technip Awarded Contract for VNG Fenja Project in the Norwegian Sea

Norway: Subsea Engineering

Technip Awarded Contract for VNG Fenja Project in the Norwegian Sea

Technip FMC has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI) contract from VNG Norge AS. read...

Steeper Energy to Build 50 Million Euro Pilot Plant for Advanced Biofuel Project

Norway: Green Fuel

Steeper Energy to Build 50 Million Euro Pilot Plant for Advanced Biofuel Project

Steeper Energy, a Danish-Canadian biofuel company, is partnering with Silva Green Fuel, a Norwegian-Swedish joint venture, to construct a € 50.6 million industrial scale demonstration plant at a former pulp mill located in Tofte, Norway leading to a future commercial scale project. read...

Exxon Mobil Acquires 25 % Indirect Interest in Mozambique Area 4

Gas Project

Exxon Mobil Acquires 25 % Indirect Interest in Mozambique Area 4

Through this venture, Exxon Mobil will assume responsibility for midstream operations in the region. It will also lead the construction and operation of all future natural gas liquefaction and related facilities. read...

34.1 Billion Dollars to be Spent per Year on Oil and Gas Fields: Global Data

Russia: Capital Expenditure

34.1 Billion Dollars to be Spent per Year on Oil and Gas Fields: Global Data

According to the analytics firm, from 2018 – 2020 the country will require 102.6 billion dollars for upstream projects, 55 billion dollars for traditional oil projects and 7.1 billion dollars for heavy oil fields. read...