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 projects that could be cancelled […]
ReadBadlands 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 of the Bakken Formation in […]
ReadKMG 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 development Karachaganak phase-3 in the northwest […]
ReadMubadala 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 Regasification project on the coast […]
ReadCCI 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 Sasol which decided to go […]
ReadOman 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 end engineering and design (FEED) […]
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