Shell and QP plan $6.5 billion capital expenditure for the Ras Laffan petrochemical complex In 2011, Qatar Petroleum and Shell signed a Heads of Agreement for the Development of a World-scale petrochemicals Complex in in Ras Laffan Industrial City, Qatar This agreement follows the conclusion of a joint feasibility study conducted by the (more…)
Read moreAdvanced and Bayegan to build a new PDH-PP plant Advanced Petrochemical Company (Advanced), a leading Saudi Arabia based producer of petrochemical products, and Bayegan Group (Bayegan), a Turkish international trading company, engaged in petroleum derivatives, petrochemicals and other commodities, announced the signing of a Memorandum of Understanding (MoU) for the (more…)
Read moreMoU for 1 million t/y Paraxylene extension in Yeosu Showa Shell Sekiyu K. K. (Showa Shell) from Japan, GS Caltex from South Korea, and Taiyo Oil from Japan signed a Memorandum of Understanding (MoU) for new Paraxylene (PX) project at GS Caltex Petrochemical complex in Yeosu, South Korea. In the (more…)
Read moreJacobs Engineering won the EPCM Services Contract SABIC has awarded a contract to Jacobs Engineering Group to provide engineering, procurement and construction management (EPCM) services to upgrade an Olefins 4 plant at its petrochemical production complex in Geleen, Netherlands. Jacobs said it will carry out the work from its office (more…)
Read moreToyo and SOG create TS Participações S.A. Last month MODEC TOYO Offshore Production Systems Pte. Ltd. (MTOPS), a joint company created by Toyo Engineering Corporation (Toyo) and MODEC, Inc. (MODEC) established in Singapore, has been awarded a EPC contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system from Dutch (more…)
Read moreTsusho takes 32.5% of Encana’s Coalbed Methane Toyota Tsusho Corporation (Tsusho) has reached an agreement with Encana Corporation (Encana), Canada‘s largest natural gas producer, to acquire a 32.5% interest in a coalbed methane (CBM) project. Tsusho will pay C$602 million to acquire the interest and in capital expenditure over the (more…)
Read moreQurain Petrochemical Industries Company (QPIC) was established by the Petrochemical Industries Company (PIC) to implement the Kuwait Petroleum Company’s (KPC) strategy to encourage more the private sector in major petrochemical projects in Kuwait. and in the region. QPIC is focusing on chemical and petrochemical products and related by-products. In Saudi Arabia, QPIC would lead the (more…)
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16
Mar
2012
“IOC”
Definition: “IOC” is the acronym of International Oil Company and nominates the Oil & Gas companies which are privately owned and operate globally. Comment: The most well-known “IOCs” are ExxonMobil, ChevronTexaco, , BP, Shell, Total, ConocoPhillips. They are also called the “Major Companies” or simply the “Majors” as they are (more…)
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15
Mar
2012
GE Oil & Gas wins Subsea equipment for Julimar
Apache has awarded GE Oil & Gas a $150-million contract for subsea equipment, including project management, engineering and procurement, for the Julimar development offshore Western Australia. The GE equipment for the Julimar includes subsea manifolds, well systems, and integrated subsea and topside control systems. Shipments will begin in June 2013 (more…)
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