Archive for October, 2014

Consequences of barrel prices on Oil & Gas and Petrochemical projects

What are the main reasons for projects cancellation Since the WTI and Brent barrels prices have lost 20 to 25% of their value in a couple of months we assist to a frenzy of publications and speculations on the consequences of this dip on the Oil & Gas and Petrochemical […]

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Badlands NGL to build $4 billion North Dakota Polyethylene project

Badlands NGL and Vinmar to monetize US shale gas  The Delaware-registered company Badlands NGL’s LLC (Badlands NGL) and Vinmar Projects (Vinmar) from Houston, Texas, signed a memorandum of understanding (MOU) to design, build, operate a world-scale polyethylene greenfield plant and merchant its production out of North Dakota shale gas basins […]

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BG and Eni prepare Karachaganak Expansion Project Stage-1

KMG joined KPO partners for KEP1 in Karachaganak 3 Through its national oil company (NOC) KazMunaiGas (KMG) Kazakhstan joined in 2012 the partnering companies BG Group (BG), Eni, Chevron and Lukoil in the Karachaganak Petroleum Operating BV (KPO) joint venture for the Karachaganak Expansion Project (KEP) Stage-1 of the oil and gas field […]

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Fujairah Emirates LNG Terminal at bidding stage

Mubadala and IPIC review Emirates LNG EPC tenders The Abu Dhabi Sovereign funds Mubadala Petroleum (Mubadala) and the International Petroleum Investment Company (IPIC) are currently reviewing the tenders submitted by the qualified bidders for the engineering, procurement and construction (EPC) contracts to be awarded for the Emirates LNG Terminal and […]

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Castleton Commodities selects US Louisiana for new methanol plant

CCI to build world-scale Plaquemines Parish Methanol The global trading company Castleton Commodities International (CCI) selected Louisiana in USA to build a greenfield methanol plant. CCI announcement comes after a series of similar decisions from companies such as Benteler, CF Industries, Cheniere Energy, Cornerstone Chemical, Dow Chemicals, Dyno Nobel, Nucor or […]

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Comision Federal de Electricidad to pipe Texas shale gas to Mexico

CFE tenders gas pipelines from Waha-USA to Mexico The state-owned Comision Federal de Electricidad (CFE) is tendering series of pipelines and power plants to import shale gas from the Waha hub in Texas, USA, to Mexico in order to meet the growing demand of the local market and to supply […]

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Oman Oil starts pre-qualification for Duqm Refinery-Petrochemical

Oman Oil Duqm Refinery nears FEED completion Duqm Refinery and Petrochemical Industries Corporation (DRPIC), a 50/50 joint venture between the wholly state-owned Oman Oil Company SAOC (OOC or Oman Oil) and International Petroleum Investment Company (IPIC) ,a sovereign fund of Abu Dhabi, is on the way to complete the front […]

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Resources Energy Inc. to export Alaska Cook Inlet LNG to Japan

REI Cook Inlet project to feed Japan LNG Terminals The Japanese Alaska-based Resources Energy Inc. (REI), in joint venture with the Alaska Industrial Development and Export Authority (AIDEA), is planning series of projects to export Alaska liquefied natural gas (LNG) from the Cook Inlet Basin to Japan LNG import terminals. Leading […]

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Premier Oil finalized concept for Norway Bream-Mackerel FPSO

Premier Oil and KUFPEC move Bream FPSO to FEED The London-based junior company Premier Oil plc (Premier Oil) and its partners, the national oil company (NOC) Kuwait Foreign Petroleum Exploration Company (KUFPEC) and the other London-headquartered junior company Tullow Oil plc (Tullow) finalized the conceptual study for the development of […]

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Kuwait align New Refinery Project and Al-Zour Petrochemical Industries

KNPC NRP and PIC Al-Zour projects to be integrated The national oil company (NOC) Kuwait National Petroleum Corporation (KNPC) and its sister state-owned company Petrochemical Industries Corporation (PIC) are working on the integration of their respective giant projects, the New Refinery Project (NRP) on one side and the Al-Zour Olefins […]

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