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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...

Energean Awarded Five Exploration Licences

Israel: Oil & Gas Projects

Energean Awarded Five Exploration Licences

The company foresees the five additional Licences which have been allocated by the Israeli Petroleum Commissioner as a business potential for the future growth of Energean within the East Mediterranean region. read...

Sabic Starts-Up New PP-Line in the Netherlands

The Netherlands: Polypropylene Production

Sabic Starts-Up New PP-Line in the Netherlands

Sabic announced the start-up of its new Polypropylene (PP) extrusion facility in Geleen, The Netherlands. read...

Clariant Opens Catalyst Office in China

China: Support for Refining & Chemical Industries

Clariant Opens Catalyst Office in China

Clariant announced the opening of a new office for its Catalysts business in Qingdao, Shandong Province, which will focus on providing enhanced services for customers in central and northern China. read...

Chinese Biogas Market Offers Opportunities for Technology Suppliers

China: IE expo China 2018

Chinese Biogas Market Offers Opportunities for Technology Suppliers

The Chinese biogas market still has “a lot of room to grow“ — this is disclosed in a target market analysis by Deutsche Auslandshandelskammer (AHK) Peking (German Chamber of Commerce Abroad in Beijing). The coming IE expo China affords companies the opportunity to present their products and services to the business. read...

Air Products and Shanxi Jincheng Sign Supply Agreement for Industrial Gases

China: Coal-to-Clean-Fuels Project

Air Products and Shanxi Jincheng Sign Supply Agreement for Industrial Gases

Air Products has signed an agreement with a subsidiary of Shanxi Jincheng Anthracite Coal Mining Group, a Chinese coal mining conglomerate, for the supply of industrial gases to Phase One of Shanxi Jinmei Huayu Coal Chemical (Jinmei Huayu’s) coal-to-clean-fuels project in Jincheng City, Shanxi Province. read...

Unipetrol Announces Investment in New Energy Block at Litvínova Site

Czech Republic: Fire Disrupts Refining Operations

Unipetrol Announces Investment in New Energy Block at Litvínova Site

Unipetrol, the Czech Republic’s largest refining and petrochemical group, continues the modernization of its chemical plant in Záluží u Litvínova. Shortly after the announcement a fire occurred at the same site, disrupting refining operations. read...

Fluor to Provide EPC Management for South African Fuel Storage Terminal

South Africa: Engineering, Procurement and Construction

Fluor to Provide EPC Management for South African Fuel Storage Terminal

Fluor was awarded an engineering, procurement and construction management contract by Vopak Terminal Durban to deliver the Vopak Growth 4 Project in Durban, South Africa. read...

Petrobras and Exxon Mobil Sign MOU to Form Strategic Alliance

Oil&Gas Agreement

Petrobras and Exxon Mobil Sign MOU to Form Strategic Alliance

Both the companies will jointly evaluate business opportunities for cooperation in exploration, production, gas and chemicals both inside and outside Brazil. read...

Novatek Takes Over Chernichnoye Field

Russia: Oil Acquisition

Novatek Takes Over Chernichnoye Field

The firm has acquired the field from oil company, Mangazeya. The transaction is expected to close in early 2018. read...

Hanwha Total Petrochemical Expands Integrated Refining & Petrochemicals Platform

South Korea: Polymer Production

Hanwha Total Petrochemical Expands Integrated Refining & Petrochemicals Platform

Hanwha Total Petrochemical, a 50/50 joint venture between Hanwha and Total, will invest more than $ 300 million to expand its integrated refining & petrochemicals platform located in Daesan, South Korea. read...