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Oxea Completes Propanol Unit in Bay City

USA: Propanol Production

Oxea Completes Propanol Unit in Bay City

05/27/2018 - Oxea announced that their new world-scale propanol production unit at its Bay City site in Texas, USA, is mechanically complete. read...

Total Collaborates with Novatek for Arctic LNG 2 Project

Russia: Gas Project

Total Collaborates with Novatek for Arctic LNG 2 Project

05/25/2018 - According to the terms of the agreement, Total will acquire a direct working interest of 10 % in the Novatek led giant liquefied natural gas project in Siberia. read...

Faroe Petroleum Bags New Exploration Licence

UK: Oil & Gas Exploration

Faroe Petroleum Bags New Exploration Licence

05/25/2018 - The firm has been awarded a licence of Block 30/14b, which includes the high-impact Edinburgh prospect, under the licence round on the UK Continental Shelf. read...

Osaka Gas Engineering to Provide Consulting Services on Construction of LNG Receiving Terminals

Taiwan: Liquefied Natural Gas

Osaka Gas Engineering to Provide Consulting Services on Construction of LNG Receiving Terminals

05/24/2018 - Osaka Gas Engineering has entered into an agreement to provide consulting services on construction of LNG receiving terminals of CPC Corporation, Taiwan (CPC) and Taiwan Power (TPC) respectively. read...

Total, Borealis and Nova Chemicals Create JV in Pertrochemicals

USA: Polyethylene Production

Total, Borealis and Nova Chemicals Create JV in Pertrochemicals

05/24/2018 - Total Petrochemicals & Refining (TPRI), Borealis and Nova Chemicals announced they have closed a joint venture in petrochemicals on the US Gulf Coast after receiving all required regulatory approvals. 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

Exxon Mobil Issues Measures for Greenhouse Gas Reductions

Regulations

Exxon Mobil Issues Measures for Greenhouse Gas Reductions

By 2020, the company’s new measures aim to reduce methane emissions by 15 % and flaring by 25 %. The firm also intends to improve its industry-leading energy efficiency in refining and chemical manufacturing facilities. read...

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

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

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...

Jacobs to Conduct Pre-Feasibility Study for Kuwait Petroleum Corporation

Kuwait: Downstream Projects

Jacobs to Conduct Pre-Feasibility Study for Kuwait Petroleum Corporation

Jacobs Engineering Group has been awarded a contract for a pre-feasibility study, with the option of proceeding to a detailed feasibility study, for Kuwait Petroleum Corporation (KPC) and its subsidiaries. The studies are in support of KPC's strategic directions and downstream long term plans for the period up to 2040. read...

Bechtel Announces 50 Million Dollar Investment in Tellurian

USA: Liquefied Natural Gas

Bechtel Announces 50 Million Dollar Investment in Tellurian

Bechtel has made a $ 50 million investment in Tellurian. The zero coupon preferred equity has an implied Tellurian common share price of $ 8.16 per share. read...

TPC Group to Expand Crude C4 Processing Capacity

Infrastructure Expansion

TPC Group to Expand Crude C4 Processing Capacity

The company has approved the capital programme as part of its long term plan for improving infrastructure. By implementing the plan, the firm expects to grow its C4 volumes at more than 8 per cent per year through 2022. read...

Petrofac Wins 135 Million Dollar EPC Contract by BPCL

India: Oil & Gas Project

Petrofac Wins 135 Million Dollar EPC Contract by BPCL

Bharat Petroleum Corporation aims to meet India’s BS-VI automotive fuel quality through this Kerala project. read...

Two 40-Year Concession Agreements Signed by Total for 1.45 Billion Dollars

UAE: Oil Agreements

Two 40-Year Concession Agreements Signed by Total for 1.45 Billion Dollars

Total has been awarded participating interests for the new Umm Shaif & Nasr concession and Lower Zakum concession by the Supreme Petroleum Council of the Emirate of Abu Dhabi and Adnoc w.e.f March 9, 2018. The deal is expected to bring the company a production of 80,000 barrels of oil per day in 2018. read...

MHPS to Construct IGCC Plant in Fukushima

Japan: Coal Gasification

MHPS to Construct IGCC Plant in Fukushima

Mitsubishi Hitachi Power Systems (MHPS) and Nakoso celebrated the full-scale launch of on-site construction of a coal gasification furnace that will form the core of an integrated coal gasification combined cycle (IGCC) plant in Iwaki, Fukushima. read...

Exxon Mobil Senior Vice President to Leave

Management Change

Exxon Mobil Senior Vice President to Leave

With a career spanning diverse managerial positions in development, operations, production and engineering, Mark W Albers, 61 will retire from his post w.e.f. April 1, 2018. read...

Toyo to Build Ammonia and Urea Fertilizer Plant in India

India: Fertilizer Complex

Toyo to Build Ammonia and Urea Fertilizer Plant in India

Toyo Engineering has been awarded a contract for a project to construct a large-scale fertilizer complex in Gorakhpur, Uttar Pradesh state, India. read...

Socar Selects Axens' Technology for Aromatics Production

Turkey: Aromatics

Socar Selects Axens' Technology for Aromatics Production

Axens has been awarded a contract by Socar for its project of aromatics & PTA (Purified Terephthalic Acid) complex in the future petrochemical site in Aliaga, Turkey. After the final investment decision is taken, the future complex will aim at satisfying domestic market needs in PTA. read...

OMV Acquires Shell's Interests in New Zealand

New Zealand: Upstream Business

OMV Acquires Shell's Interests in New Zealand

Shell announced the sale of its shares in the company's entities in New Zealand to OMV for $ 578 million. This follows a two-year strategic review of Shell’s interests in New Zealand and the sale of their interest in Kapuni in 2017. read...