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Ovia to invest $1.5 billion in Nigeria Quantum Petrochemical Complex

Quantum selected Ibeno for world-scale methanol plant The Nigerian Quantum Petrochemical Company Limited (Quantum) has decided to invest $1.5 billion capital expenditure in a world-scale petrochemical and methanol complex at Ibeno in the Akwa Ibom State of the southern Nigeria on the Gulf of Guinea. Quantum was recently founded by the Nigeria banker Jim Ovia, ranked […]

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Statoil and Lundin qualify bidders on Norway Johan Sverdrup Phase-1

Statoil and Lundin aligned on Johan Sverdrup concept The Norwegian national oil company (NOC) Statoil and its partners, Lundin from Sweden, Maersk Oil (Maersk) from Denmark, Petoro and Det Norske Oljeselskap (DNO) from Norway, aligned on the concept to develop the first phase of the giant Johan Sverdrup oil and gas field in the Norwegian

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Sonatrach and Edison in talk again about shelved GALSI Pipeline project

GALSI at final decision on new Algeria – Italy Pipeline As a result of the lasting Ukraine crisis, Edison from Italy and Sonatrach from Algeria resumed talks about increasing natural gas import from Algeria to Italy through the Algeria Sardinia Italy Gas (GALSI) pipeline project to be revived for the circumstances. In respect with the

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Orascom Construction Industry to boost Texas methanol and ammonia

OCI Beaumont received permit for Nederland expansion Orascom Construction Industries Beaumont LLC (OCI Beaumont) received the final green house gas Prevention of Significant Deterioration construction permit from the US environmental Protection Agency (EPA) for the expansion of its methanol and ammonia plants located in Nederland, Texas, USA. Formally known as Pandora Methanol LLC, OCI Beaumont took

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Husky and CNOOC to expand Madura in Indonesia

Husky to qualify Madura MDA-MBH FPU bidders  Calgary-based Husky Energy (Husky) and its partners, the state-owned China National Offshore Oil Corporation (CNOOC) and the independent Singapore-registered Samudra Energy (Samudra) are proceeding to the qualification of the engineering companies and shipyard to be invited to bid (ITB) for the construction of the floating production unit (FPU)

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