South Louisiana Methanol selected St. James Parish Zero Emission Energy Plant Ltd (ZEEP) from Austin in Texas, USA, and Todd Corporation (Todd) from Wellington in New Zealand will invest $1.3 billion capital expenditure in a new methanol plant in Louisiana, USA. To support the project, ZEEP and Todd established the South Louisiana (more…)
Read moreJizan gasification process to increase scope of work Saudi Aramco selected Shell technology for the power plant to be part of the giant Jizan Refinery project on the southeast of Saudi Arabia. Together with the refinery, the Jizan gazification project is the master piece of the development of this southern region (more…)
Read moreSolvay and Sibur to produce oil field process chemicals The Russian petrochemical company SIBUR and the Belgium chemical group Solvay signed Heads of agreement in London to produce jointly surfactants and oil field process chemicals. According to the agreement, SIBUR and Solvay Novecare will create a 50/50 joint venture called RusPAV. (more…)
Read moreCairn, San Leon, Genel increase footprint in Morocco On the same week, Cairn Energy (Cairn) announced to sign a Farm-in Agreement for offshore exploration and production while San Leon Energy (San Leon) extended its oil shale onshore acreage, both in Morocco. These moves reflects the potential of resources and the (more…)
Read moreCarlyle targets emerging markets with DuPont Performance Coatings DuPont and The Carlyle Group (Carlyle) signed a definitive agreement by which Carlyle will buy DuPont Performance Coatings (DPC), the DuPont’s Coatings Division. Still submitted to regulatory approval, the transaction should be effective on the first quarter 2013. Carlyle is a global (more…)
Read moreDevon and Sumitomo to develop Permian Basin tight oil Devon Energy Corporation (Devon) and Sumitomo Corporation (Sumitomo) entered an Agreement to jointly develop the Cline Shale and the Midland-Wolfcamp tight oil fields within the Permian Basin. The Cline Shale and the Midland-Wolfcamp tight oil fields are part of Devon‘s operations in USA where Devon has still (more…)
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02
Aug
2012
CB&I to acquire The Shaw Group for $3 billion
CB&I to broaden energy portfolio from LNG to Nuclear July 30th, 2012, CB&I and The Shaw Group (Shaw) announced to have closed a deal by which CB&I will acquire The Shaw Group. Shaw is a 25 years old engineering and services company well established as global provider of: Engineering and (more…)
Read moreMethanex to invest $550 million to benefit from low shale gas prices Methanex produces about 3.8 million t/y of Methanol and is the world’s largest supplier of Methanol to major international markets with production units in Canada, Chile, Egypt, New Zealand and Trinidad. Methanol is produces mainly out of natural gas, therefore (more…)
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