Posts Tagged ‘Tracing Oil & Gas and Petrochemical projects’

Shell and Qatar Petroleum move ahead with Ras Laffan petrochemical

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 […]

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Advanced and Bayegan sign MoU for $1 billion project in Turkey

Advanced 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 […]

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GS Caltex, Showa Shell and Taiyo go for Korean Paraxylene

MoU 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 […]

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Sabic invests $170 million in Geleen Naphtha Cracker

Jacobs 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 […]

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Toyo extends its footprint in Brazil with SOG joint venture

Toyo 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 […]

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Toyota Tsusho invests $600 million in Encana’s CBM

Tsusho 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 […]

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Qurain Al-Jubail $1.2 billion PET project to get clear soon

Qurain 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 […]

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TAQA boosts CAPEX in 2012

TAQA, the Abu Dhabi National Energy Company, UAE, has announced to increase capital expenditures from $1.9 billion in 2011 to $2.2 billion in 2012. These investments will go to expend on going projects in Western Canada, North Sea, Netherlands, Morocco and Ghana.  TAQA’s Oil & Gas operations are located in […]

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“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 […]

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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 […]

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