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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...

Adnoc Signs MOU with China National Petroleum Corporation

Gas Development

Adnoc Signs MOU with China National Petroleum Corporation

The framework agreement has opened doors of discussion between the two companies. Business opportunities in offshore and sour gas development projects are currently in progress. read...

Hebron to Produce 150,000 Barrels of Oil per Day

Oil Production

Hebron to Produce 150,000 Barrels of Oil per Day

Exxon Mobil has begun production at the Hebron field. The oil field has a storage capacity of 1.2 million barrels. read...

Technip Awarded Engineering Contract for Bahrain Refinery

Bahrain: Refinery Project

Technip Awarded Engineering Contract for Bahrain Refinery

Technip FMC announced that, jointly with Samsung Engineering and Tecnicas Reunidas, it has been awarded a $ 4.2 billion contract from Bahrain Petroleum Company (Bapco) for the Bapco Modernization Program (BMP). read...

BASF May Get Into Partnership with Letter One

Merger

BASF May Get Into Partnership with Letter One

The mega chemical company has plans to carry out a possible merger with Letter One’s oil and gas activities. If the deal goes as planned, BASF will hold majority of the shares in the joint enterprise. read...

Exxon Mobil Merges Refining Marketing Divisions and Appoints New President

USA: Corporate Restructuring

Exxon Mobil Merges Refining Marketing Divisions and Appoints New President

Exxon Mobil will combine its refining and marketing operations into a single company in the first quarter of 2018. Bryan Milton, currently president of Exxon Mobil Fuels, Lubricants & Specialties Marketing Company, has been appointed president of the combined division, effective January 1, 2018. read...

Reliance Closes Marcellus Shale Asset Sale

Oil & Gas

Reliance Closes Marcellus Shale Asset Sale

The company has sold its assets in the Marcellus Shale Play of North-Eastern and Central Pennsylvania to BKV Chelsea for 126 million dollars. Based on certain gas price thresholds, Reliance may also get paid a contingent amount of up to 11.25 million dollars from 2018 to 2020. read...

Lukoil Invests in Nizhny Novgorod Refinery

Russia: Delayed Coker Technology

Lukoil Invests in Nizhny Novgorod Refinery

Lukoil announced that it has taken the final investment decision on the delayed coker complex at Nizhny Novgorod refinery. The complex includes the construction of the delayed coker unit itself, the diesel hydro treatment unit, the gas fractionation unit, the sulfur and hydrogen production units and other infrastructure. The designed capacity of the complex is 2.1 million tonnes per annum. read...

Linde's Digital Strategy Gathers Momentum

Digital Base Camp

Linde's Digital Strategy Gathers Momentum

Lots of companies are talking about the digital transformation. But how do you turn theory into practice? Gas specialist Linde shows how it can be done with its Digital Base Camp which combines the look and feel of a start-up with the know-how of the company's core business. The entrepreneurial spirit brings urgency, while experts from the different business units offer a reality check. PROCESS was offered insight into the work and its first projects. read...

Total Completes Billion Dollar Upgrade of Antwerp Plant

Belgium: Integrated Refining & Petrochemicals Platform

Total Completes Billion Dollar Upgrade of Antwerp Plant

Total has inaugurated the new units at its Antwerp integrated refining & petrochemicals platform, which have progressively started up in the last few months. This event marks the completion of the upgrade program launched in 2013 of one of the largest and most efficient integrated refining & petrochemicals platforms in Europe. read...

Sadara and Gulf Interchem Sign MOU for Recycling Facility in Plas Chem Park

Saudi Arabia: Recycling of By-Products

Sadara and Gulf Interchem Sign MOU for Recycling Facility in Plas Chem Park

Sadara signed a Memorandum of Understanding (MOU) with Gulf Interchem, a Bahrain-based technology company, for a by-products upgrade project based in Plas Chem Park, a collaborative industrial park between Sadara and the Royal Commission for Jubail and Yanbu (RCJY) in Jubail Industrial City II. read...