Posts Tagged ‘technology’

Digitization or Digitalization: make the difference!

Where digitization will always be the first required step to enter the digital world, the digitalization is an already advanced stage of the digital transformation

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Technology Readiness Level

Technology Readiness Level (TRL) is a methodology to estimate the maturity of a technology. Based on observations, formulations, experimentations, and running feedbacks the TRL approach is used to position the progress of a technology on a scale ranging from observed concepts (1) to validated operating systems (9).

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Sabic investigates shale gas-based opportunities in USA

Sabic to expand petrochemical capacities in USA The Ryadh-based Saudi Basic Industries Corporation (Sabic), may join BASF, ChevronPhillips, Dow Chemical (Dow), Enterprise Products Partners (Enterprise), ExxonMobil, Evonik, Occidental Petroleum, Sasol, Shell, to increase its petrochemical foot print in USA to benefit from the low costs feedstock provided by the shale […]

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Huntsman in brief

Enriching lives through innovation With Headquarters in The Woodlands, on the north of Houston, Texas, USA, Huntsman is a chemical company listed in the New York Stock Exchange and operating 75 production units in 30 countries with about 12,000 employees.  Jon Huntsman established the Huntsman Container Corporation in 1970 in […]

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New blog category of information: One day – One Company

2B1st, we propose you a new category of information For months we run a blog and publish a Newsletter every day with three categories of information:  – One day – One News  – One day – One Project  – One day – One Word With these categories of information we […]

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Recoverable Reserves

Definition Recoverable reserves are defined as the proportion of resources, here oil and gas, that can be technically, economically and legally possible to extract. The recoverable reserves may also be called proven reserves. Comments The recoverable reserves may be far different from the total resources called total Petroleum Initially-In-Place (PIIP). This Petroleum Initially-In-Place (PIIP) is an […]

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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 […]

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Shell and Qatar to bridge long term partnership

Shell to become the biggest investor in Qatar Through giant projects like Qatargas LNG 4  and Pearl GTL, Shell has become a key player in Qatar. These projects requested more than $ 26 billion capital expenditure on the top of which Shell is planning additional $ 6 billion for a greenfield Ras […]

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Depletion

Definition  Depletion refers to the decline of production of an oil or gas field. Depletion may also be used for accounting in a similar way as depreciation to allow an owner or operator to account for the reduction of a product’s reserves. For tax purposes, there are two types of depletion; cost […]

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Sinopec and Sibur to produce Synthetic Rubber in Shanghai

Sibur to provide Sinopec with patents and technologies China’s top refiner China Petroleum and Chemical Corporation (Sinopec) has signed an agreement with Russian petrochemical Group Sibur to establish a joint venture in Shanghai, China, to produce synthetic rubber. The joint venture will use patents and technologies from Sibur to produce nitrile butadiene […]

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