Archive for April, 2012

ONGC and ConocoPhillips sign MoU for shale gas in India

Oil and Natural Gas Corporation Limited (ONGC), India and ConocoPhillips, USA, have signed on March 30th a Memorandum of […]

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“MoU”

Definition: “MoU” is the acronym for Memorandum Of Understanding. MoU may also be called Letter of Intent (LoI) Comments: A […]

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Lundin $4.2 billion Edvard Grieg oil field development approved

Lundin Petroleum received the formal approval from the Norwegian Ministry of Petroleum and Energy to proceed with the $4.2 […]

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How shale gas reshapes the Oil&Gas and Petrochemical industry

When the USA, led by companies like ExxonMobil or Chesapeake, decided to boost the development of shale gas, the […]

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Lube oil

Definition: “Lube Oil” is a lubricant, to be used in all mechanical system to reduce friction between moving […]

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The $1 billion Luberef Yanbu Lube Oil Refinery on Bidding

Luberef stands for the Saudi Aramco Lubricating Oil Refining Company created by Saudi Aramco and ExxonMobil. But since […]

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Sabic invests $100 million in Shanghai Technology Center

Sabic takes a decisive leap in breaking-ground for this $100 million capital expenditures in Technology Center in Kangqiao, […]

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Polycarbonate

Definition: “Polycarbonate” name comes from a polymer based on combination of carbonate groups (–O–(C=O)–O–).  Comments: Polycarbonate is issued from the […]

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“PTA”

Definition: “PTA” is the acronym of Purified Terephthalic Acid. Comment: Modern technologies produce PTA by the catalytic liquid-phase oxidation […]

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Sinopec & Sabic sign for $1.7 billion Tianjin Polycarbonate

Sinopec and Sabic have decided to extend their co-operation with this major Polycarbonate complex to be built in […]

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