German China India

News

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...

Covestro Confirms Commitment to Tarragona Site by Establishing Own Chlorine Supply

Spain: Debottlenecking of MDI Production

Covestro Confirms Commitment to Tarragona Site by Establishing Own Chlorine Supply

Covestro announced that it will continue production in Tarragona (Spain) beyond 2020. The company will invest around € 200 million (approx. $ 234 million) to increase the cost competitiveness at the site by implementing various measures. As a first step, it intends to build its own chlorine supply, thus ensuring a highly efficient, sustainable and independent supply of the crucial raw material. read...

Nova Chemicals Announces Growth Projects in Canada

Canada: Expansion of Cracker Capacity

Nova Chemicals Announces Growth Projects in Canada

Nova Chemicals announced two projects for its Ontario operations involving a capital investment expected to exceed $ 1.55 billion. read...

BP to Build Third Lubricants Blending Plant in China

China: Fast-Growing Demand for Lubricants

BP to Build Third Lubricants Blending Plant in China

BP announced plans to build a new lubricants blending plant in China. The plant will be the company’s third lubricants blending plant in China and, with expected investment of around $ 230 million, will also represent BP’s single largest blending plant investment worldwide. read...

Jacobs Awarded Contract for Front-End Engineering Design of CKPC's Facility in Alberta

Canada: Greenfield Petrochemical Facility

Jacobs Awarded Contract for Front-End Engineering Design of CKPC's Facility in Alberta

Jacobs Engineering has been awarded a contract by Canada Kuwait Petrochemical Corporation (CKPC) to provide front-end engineering design (Feed) services for a proposed greenfield, integrated propane dehydrogenation and polypropylene facility located in Sturgeon County, Alberta, Canada. CKPC is a joint venture of Pembina Pipeline Corporation (Pembina) of Canada and Petrochemical Industries Company of Kuwait. read...

BASF and Letter One Merge Oil and Gas Subsidiaries

Expansion

BASF and Letter One Merge Oil and Gas Subsidiaries

The companies have signed a letter of intent to combine their respective oil and gas businesses and carry out a joint venture under the name Wintershall DEA. The new firm is expected to be one of the largest independent European exploration and production companies. read...

Exxon Mobil Signs Agreement with Government of Mauritania for Three Deepwater Offshore Blocks

Oil & Gas

Exxon Mobil Signs Agreement with Government of Mauritania for Three Deepwater Offshore Blocks

The company will commence exploration activities once it receives approval on the contracts from the government. The offshore blocks are located near Mauritania in Africa. read...

CB&I Awarded EPC Contract for Saudi Aramco Shell Refinery in Saudi Arabia

Saudi Arabia: Downstream Project

CB&I Awarded EPC Contract for Saudi Aramco Shell Refinery in Saudi Arabia

CB&I announced it has been awarded a contract for more than $ 95 million by Saudi Aramco Shell Refinery (Sasref). read...

New Material Could Make Ethylene Production More Environmentally Friendly

USA/Spain: Emission Reduction

New Material Could Make Ethylene Production More Environmentally Friendly

Scientists from Exxon Mobil and the Instituto de Tecnologia Quimica (ITQ) in Valencia, Spain have discovered a potentially revolutionary new material that could significantly reduce the amount of energy and emissions associated with the production of ethylene. read...

Saudi Aramco and Sabic to Jointly Develop Crude Oil to Chemicals Complex

MOU

Saudi Aramco and Sabic to Jointly Develop Crude Oil to Chemicals Complex

The two leading companies in Saudi Arabia have entered into an agreement to create a Crude Oil to Chemicals Complex. The project is expected to commence operations in 2025 and produce approximately 9 million tonnes of chemicals and base oils annually. read...

Rosneft and Pertamina Collaborate for Development of TGRR Project

Petrochemical Complex

Rosneft and Pertamina Collaborate for Development of TGRR Project

Both the companies have entered into a joint venture to carry out the Indonesian project. On completion, the refining capacity is expected to be 15 mmpta (300 kbpd). read...