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KBR Bags EPCM Contract from Basra Oil Company for Development of Majnoon Field

Iraq: Engineering and Construction

KBR Bags EPCM Contract from Basra Oil Company for Development of Majnoon Field

05/23/2018 - The scope of work includes overall project management, multi-discipline engineering support, procurement and construction management services. read...

Carbon Capture and Utilization Concept

Germany: Carbon-2-Chem

Carbon Capture and Utilization Concept

05/22/2018 - At the Achema, the trade show for the Process industries in Frankfurt am Main, the project Carbon-2-Chem will present its solutions for more climate protection in industry. read...

Air Products Launches World-Scale Industrial Gas Complex in Kochi

India: Industrial Gases

Air Products Launches World-Scale Industrial Gas Complex in Kochi

05/22/2018 - The Kochi Industrial Gas Complex which has been constructed within BPCL’s Integrated Refinery Expansion Project aims to increase the firm’s refining capacity by nearly two-thirds, from 190,000 to 310,000 barrels per day. read...

Worley Parsons Awarded GES Contract by Yasref

Saudi Arabia: World-Class Refinery

Worley Parsons Awarded GES Contract by Yasref

05/21/2018 - Worley Parsons has been awarded a General Engineering Service (GES) contract by Yanbu Aramco Sinopec Refining Company (Yasref) to help optimize the production of its facilities. read...

Exxon Mobil and BASF Sign Gas Treating Cooperation Agreement

USA: Gas Treating

Exxon Mobil and BASF Sign Gas Treating Cooperation Agreement

05/17/2018 - Exxon Mobil Catalysts and Licensing LLC and BASF have signed an alliance agreement to jointly develop new gas treating solvents and process technologies for use in natural gas processing and petroleum refining. read...

Articles

Business in the Current Oil Market in Russia

Russia: Oil Market

Business in the Current Oil Market in Russia

10/20/2017 - Report on the current market scenario of the global oil market along with Russia’s recent business deals and projects in the oil and gas sector. read...

NEWS

Adnoc Intends to Create the World's Largest Integrated Refining and Petrochemicals Complex

UAE: $ 45 Billion Investment Plan

Adnoc Intends to Create the World's Largest Integrated Refining and Petrochemicals Complex

The Abu Dhabi National Oil Company (Adnoc) presented plans for a $ 45 billion investment over the next five years, to become a leading global downstream player. The plans were unveiled at the Adnoc Downstream Investment Forum, which took place on May 13 in Abu Dhabi, UAE. read...

Petronas and Saudi Aramco Unveil Corporate Identity of their Joint Ventures

Malaysia: Petrochemical Project

Petronas and Saudi Aramco Unveil Corporate Identity of their Joint Ventures

The joint venture project is expected to be an integral part of Saudi Aramco’s refining, fuels marketing and chemicals business strategies which will enable it to strengthen its position in the Southeast Asia region. read...

Lukoil Collaborates with Basra for Development Plan of West Qurna-2 Field

Iraq: Oil Production

Lukoil Collaborates with Basra for Development Plan of West Qurna-2 Field

Both the companies aim at producing 480 thousand barrels of oil per day by 2020 and further increase it to 800 thousand barrels per day by 2025. read...

Statoil Allots Drilling Contracts worth 1.5 Billion Dollars

Norway: Oil & Gas Deals

Statoil Allots Drilling Contracts worth 1.5 Billion Dollars

Effective from October 1, 2018, the contracts awarded to Archer, KCA Deutag and Odfjell Drilling is expected to improve collaboration and integration of work between all the parties. read...

St1 Constructs Etanolix Pilot Plant to Produce Advanced Ethanol

Thailand: Fuels

St1 Constructs Etanolix Pilot Plant to Produce Advanced Ethanol

The company intends to use cassava pulp to generate advanced ethanol for transportation. Going forward, St1 aims at constructing up to 20 Etanolix plants in the region, with a total production capacity of 400 million liters of ethanol per year. read...

Statoil Wins Four Blocks in Campos Basin

Brazil: Oil & Gas Projects Bagged

Statoil Wins Four Blocks in Campos Basin

Statoil along with its partners – Petrobras, Exxon Mobil, BP won different blocks in the Campos basin at Brazil’s 15th licensing round. The win strengthens Statoil’s ambition of long-term growth in the region. read...

Exxon Mobil Becomes One of the Largest Acreage Holders in Brazil

Brazil: Exploration Blocks

Exxon Mobil Becomes One of the Largest Acreage Holders in Brazil

With an addition of more than 640,000 net acres post the win of eight deepwater blocks in the latest Brazil bid round, the company has achieved more than two million net acres for its deepwater portfolio offshore Brazil. read...

Petrofac Bags 265 Million Dollar Contract with Petroleum Development Oman

Oman: EPC Management

Petrofac Bags 265 Million Dollar Contract with Petroleum Development Oman

The company will provide Engineering, Procurement and Construction Management Support Services for Petroleum Development Oman’s major oil and gas projects. read...

Total Commences Production at Timimoun Gas Field in Algeria

Africa: Natural Gas

Total Commences Production at Timimoun Gas Field in Algeria

With a production capacity of around 5 million cubic meters of natural gas per day, the project is expected to contribute to the company’s growth in 2018. read...

Reliance Sells Select Shale Assets for 100 Million Dollars

USA: Sale Agreement

Reliance Sells Select Shale Assets for 100 Million Dollars

Reliance sells certain assets in the Eagle Ford Shale Play area to Sundance Energy but retains the remaining assets as part of its future development plans. read...

Repsol Completes Scheduled Turnaround at Tarragona Petrochemical Complex

Spain: Inspection and Maintenance

Repsol Completes Scheduled Turnaround at Tarragona Petrochemical Complex

Repsol has allocated more than $ 30.8 million to the turnaround at its Tarragona’s petrochemical complex that began at the end of January. read...

Fluor to Construct ME Global Facility in Freeport

USA: Monoethylene Glycol Manufacturing

Fluor to Construct ME Global Facility in Freeport

ME Global, a wholly-owned subsidiary of Equate Petrochemical Company, awarded Fluor a contract for mechanical construction of its new monoethylene glycol (MEG) manufacturing facility in Freeport, Texas. read...

Technip FMC Awarded Offshore Contract for Phase-2 of Gumusut-Kakap Project

Malaysia: Offshore Engineering

Technip FMC Awarded Offshore Contract for Phase-2 of Gumusut-Kakap Project

Technip FMC has been awarded an Engineering, Procurement, Construction and Installation contract by Sabah Shell Petroleum Company for a subsea project offshore Malaysia read...