October 2012

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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YPF in brief

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Commit to rejuvenate mature fields and develop massively unconventional resources Headquartered in the Buenos Aires, YPF CORPORATION SA (YPF), is listed in Buenos Aires and NYSE as the largest energy company in Argentina. Established as a national sense, professional, competitive, integrated from the wellhead to the consumer, YPF is operating as the national oil companies (NOCs) in the various

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Technip-Odebrecht-ICA Fluor win $2.7 billion Veracruz Ethylene XXI

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Braskem Idesa awards petrochemicals EPC contract Braskem Idesa S.A.P.I. (Braskem Idesa) awarded the engineering, procurement and construction (EPC) contract to Technip-Odebrecht-ICA Fluor for the Veracruz  Ethylene XXI petrochemical complex in Mexico. Braskem Idesa is a joint venture between the Brazilian chemical company Braskem and Grupo Idesa with working interest are shared:  – Braskem 65% is

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Iraq and Kurdistan Regional Government agree on oil payment

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Genel Energy to benefit from dispute resolution In November 2011, the Turkish company Genel Energy International Ltd merged with Vallares PLC to become the largest oil and gas company operating in the Kurdistan region of Iraq. Renamed Genel Energy, the new company enlisted the London Stock Exchange (GENL). For both companies the purpose of this

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Qatar Petroleum set deadline to bid on Ras Laffan Refinery phase 2

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QP to double and upgrade Ras Laffan Refinery Qatar Petroleum (QP) and its partners, ExxonMobil, Total, Cosmo Oil Company (Cosmo), Idemitsu Kosan Company (Idemitsu), Mitsui & Company (Mitsui) and Marubeni Corporation (Marubeni) are moving on the Ras Laffan Refinery expansion project, also called Ras Laffan Refinery phase 2. Decided in 2003 and commissioned in 2009

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Sudan and South Sudan close deal on oil export pipeline

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Sudan and South Sudan to resume oil export South Sudan holds 75% of the oil reserves lying in the previously unified Sudan, but South Sudan needs to use Sudan refineries and pipelines to export it.  When created in created in July 2011 from the scission with the northern part of Sudan, the oil produced in South Sudan continued to be carried out to Port Sudan

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Anadarko in brief

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Anadarko is providing for today, innovating for tomorrow Headquartered in The Woodlands, in Texas, USA, Anadarko Petroleum Corporation (Anadarko) is listed in the NYSE (APC). Anadarko sits among the largest independent oil and gas companies in the world. Focusing on exploration and production, Anadarko holds 2.54 billion of barrels oil equivalent (boe) of proven reserves

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Anadarko gears up on Mozambique LNG

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Mozambique to join Qatar and Australia LNG exporters Anadarko Petroleum Corporation (Anadarko) and its partners Mitsui E&P, BPRL Ventures Mozambiques, Videocon Mozambique, PTTEP after acquiring Cove Energy, and Emprecia Nacional de Hidrocarbonetos (ENH), may propel Mozambique among the largest LNG exporting countries with Qatar and Australia with their Mozambique LNG project. With estimated $15 billion capital expenditure, Anadarko LNG project may

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