Posts Tagged ‘Business model for oil & gas and petrochemical industry suppliers’

PetroChina to take stake in Ecuador Refineria del Pacifico project

CNPC to join Petroecuador in Ecuador Refinery project The giant China National Petroleum Company (CNPC or PetroChina) is currently in discussion with the national oil companies (NOCs) Petroecuador and Petroleos de Venezuela SA (PDVSA) to take a stake in the Ecuador Refineria del Pacifico project. With a production of 500,000 (more…)

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Saudi Aramco to award Midyan Gas Compression Project

Mustang-Hejailan completed FEED on Midyan Project Since Mustang-Hejailan completed the front end engineering and design (FEED) contract for the development of the Midyan offshore gas field, Saudi Aramco evaluated the bids submitted for the engineering, procurement and construction (EPC) contract of the Mustang onshore package of the project. Located 135 kilometers (more…)

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Rosneft and Mitsui to develop Russia FEPCO petrochemical project

Rosneft and Mitsui signed MOU for Nakhodka complex During the visit of Prime Minister of Japan Shinzo Abe to Russian President Vladimir Putin on April 29th, 2013, the Russian oil and gas and petrochemical giant OJSC NK ROSNEFT (Rosneft) and the Japanese conglomerate Mitsui & Co., Ltd (Mitsui) inked a memorandum (more…)

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Saudi Aramco to take over major infrastructures in Jizan Economic City

Saudi Aramco to develop Jizan Port and Power plant In order to ensure the development of the $7 billion Jizan refinery in the south of Saudi Arabia and its commercial operations expected to start in 2016, the Kingdom of Saudi Arabia has decided to concentrate in the hands of the (more…)

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Jiangsu Sailboat Petrochemicals to build world-scale Methanol-To-Olefin

Ineos-UOP to provide MTO technology license The Chinese Jiangsu Sailboat Petrochemical Company Ltd (JSPCL) selected the Ineos and Honeywell’s UOP technology for its world-scale methanol-to olefin (MTO) project planned at Lianyungang, in the north of the eastern province of Jiangsu in China. JSPCL belongs to the large Jiangsu Shenghong Group, listed (more…)

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RiCoal to build world-scale Coal-To-Olefin complex in Russia

RiCoal selected Rostov for its Petrochemical complex The Russian joint venture RiCoal Chemical Coal Plant (RiCoal) is planning to build a world-scale Coal-to-Olefin and petrochemical complex in Rostov-on-Don in the south of Russia. Estimated to require $2.5 billion capital expenditure, RiCoal selected Rostov-on-Don location because of available coal and natural gas (more…)

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Tullow nears development decision on Namibia Kudu Gas-To-Power

After years delay Tullow wants Kudu money back After years of uncertainty and delays, the London-based Tullow Oil plc (Tullow) and its partners, Itochu Corporation (Itochu) from Japan and the National Petroleum Corporation of Namibia (Namcor), are decided to move the Kudu Gas-To-Power project ahead in Namibia. Located 130 kilometers (more…)

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Toyo Engineering to build the largest Polyethylene plant in Egypt

Ethydco selected Toyo and ENPPI for Alexandria PE The local Egyptian Ethylene and Derivatives Company (Ethydco) selected Toyo Engineering Company (Toyo) from Japan and the Egyptian Engineering for the Petroleum and Process Industries (ENPPI) company to build the largest polyethylene plant in Egypt. With a capacity of 400,000 t/y of (more…)

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BP, Chevron, ConocoPhillips and Shell prepare for Clair phase 3 in UK

BP and partners voted Greater Clair Appraisal Program In March 2013, BP and its partners Chevron, ConocoPhillips and Shell decided to push back the horizon of the UK offshore Clair field beyond 2050 in voting for the appraisal program to eventually lead to the third phase of development of the (more…)

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Dow Chemical to invest upstream to secure gas supply

Dow to pioneer Argentina first shale gas pilot project The Dow Chemical Company (Dow) from USA and the Argentina national oil company YPF  signed a memorandum of understanding (MOU) to develop shale gas in the giant deposit of the Vaca Muerta in the eastern Province of   Neuquen. For Dow, (more…)

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