$350 million to acquire Dubai’s NPS Energy 21 May 2012 – Aker Solutions has agreed to acquire NPS Energy, which is part of oil field services company National Petroleum Services. NPS Energy has a strong presence in the Middle East and North Africa, which combined hold approximately 60 per cent of the world’s proven oil […]
ReadDefinition Long lead item refers to the equipment, product or system that is identified at the earliest stage of a project to have a delivery time long enough to affect directly the overall lead time of the project. Comments The long lead items are common in the oil & gas and petrochemical industry because of […]
ReadKNPC to pre-qualify EPCs for CFP and NRP projects Expected on June 13th, the state-owned oil refiner Kuwait National Petroleum Co (KNPC) has decided to postpone to July 4th the dead line for the engineering companies to submit their expression of interest (EOI) for the calls for tenders to be issued for the multiple engineering, procurement and construction […]
ReadDefinition Flaring refers to the operation of sending to the flare for the atmospheric combustion the gases and sometimes the liquids which could not be processed in the cycle of production. Comments Flaring takes part of all the oil & gas and petrochemical processes, upstream and downstream, in order to control over-pressures which may come […]
ReadAdma-Opco to spend $50 million to reduce carbon footprint. Abu Dhabi Marine Operating Company (Adma-Opco) is majority-owned by Abu Dhabi‘s state oil firm ADNOC with BP, Total, Inpex and Japan Oil Development Company as other share holders. Adma-Opco is the operator of the Das Island offshore oil and gas hub. In order to reduce the carbon footprint of […]
ReadFrom Shale gas to Polyolefins ExxonMobil implements its integrated business model The Houston based Exxon Mobil Corp. is considering a multi-billion-dollar expansion of its giant petrochemical complex in Baytown, Texas, USA. ExxonMobil, like Chevron, Dow Chemicals or Shell, is looking to take advantage of a surplus of natural gas that’s pushed Henry hub prices near 10-year lows […]
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