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Fujairah concentrates midstream and downstream UAE projects

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Abu Dhabi converts Fujairah into oil and gas hub The Abu Dhabi investment funds International Petroleum Investment Company (IPIC) and Mubadala Development Company (Mubadala) are leading more than $10 billion capital expenditure into midstream and downstream projects in Fujairah. With direct access to the Gulf of Oman, Fujairah occupies a strategic position for Abu Dhabi […]

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Eni in brief

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A major integrated energy company Registered in Roma, Italia, Eni S.p.A. (Eni) is a national oil company with 33% shares owned by the Italian Government and 67% listed in the Milan Stock Exchange, Italy and on the New York Stock Exchange. With operations in 85 countries and 79,000 employees, Eni is developing an extensive integrated business model

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Statoil awards pre-FEED to KBR for Tanzania LNG

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Statoil to convert Zafarani high gas discovery into LNG In 2007, Statoil and ExxonMobil signed a production sharing contract (PSC) with the national oil company (NOC) Tanzania Petroleum Development Cooperation (TPDC) for the exploration and production of the Block 2 offshore  Tanzania in the Indian Ocean. This Block 2 is located in southern Tanzania’s territorial

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Mexichem multiplies alliances to build competitive VCM capacity

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After Occidental, Mexichem signed with Pemex In August 2012, Mexichem SAB (Mexichem) signed a Memorandum of Understanding (MOU) with Occidental Petroleum Corp. (Oxy) through its chemical branch Oxychem to build a new ethylene cracker for the supply of vinyl chloride monomer (VCM). Vinyl Chloride Monomer is the primary feedstock for the production of the numerous

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Oxy in brief

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Third largest US oil and gas company by equity Home based in Los Angeles, California, USA, Occidental Petroleum Corporation (Oxy) is listed in New York Stock Exchange since 1964 and is operating as an international oil company. With more than 40,000 employees, Oxy focuses its oil and gas operations in three core regions of the world:

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KBR wins FEED contract for Indiana Fertilizer complex

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Ohio Valley to build $1 billion ammonia-urea plant Ohio Valley Resources LLC (OVR) awarded KBR for the license and the front end engineering and design (FEED) contract of fertilizer project in Indiana. As part of the FEED contract, KBR is also mandated to the call for tender of the engineering, procurement and construction (EPC) contract

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KBR deploys its methanol-to-olefin recovery technology in China

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Jiutai selects KBR for Ordos MTO recovery project Jiutai Energy Group (Jiutai) selected KBR‘s technology for a methanol-to-olefins (MTO) recovery project in Ordos, in Inner Mongolia Province, China. State owned company based in Luozhuang Industry Park of Linyi High-Tech Industry Development Zone in southern Shandong Province, eastern China, Jiutai was established in 2002 to lead

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Evonik in brief

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Develop ideas to market readiness as quick as possible Evonik Industries (Evonik) was established under this brand in 2007 in Essen, Germany, after the consolidation of multiple companies having their respective chemical specialties under the lead of RAG-Beteiligungs-AG. Evonik is owned by the German RAG-Stiftung  for 74.99%percent and the funds company CVC Capital Partners for

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Evonik selects Alabama for Aveneer® Methyl Methacrylate project

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Evonik to build first large scale eco-friendly MMA plant Evonik Industries AG (Evonik) selected Mobile, in Alabama, USA, to build the first large scale production unit of Methyl Methacrylate (MMA) using its Aveneer® technology. Formally established under the Evonik Industries brand in 2007, Evonik results from the consolidation of several famous brands of the German

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Chevron and YPF to explore tight oil and shale gas in Argentina

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YPF and Chevron signed MOU in unconventionals YPF SA (YPF) the Argentina’s national oil company and the international oil company Chevron Corporation (Chevron) signed a memorandum of understanding to explore and develop the local unconventional resources in oil and gas. According to the US Energy Information Administration (EIA) Argentina is the largest producer of natural gas

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