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BASF FINA Petrochemicals LP and Sabina Petrochemicals to merge into one joint venture The global chemical leader BASF SE, from Germany, and the international oil company Total SA, from France, have decided to merge the assets of the two joint ventures they have in Port Arthur, Texas, USA, to create a new joint venture called […]
Shell made FID on $2 billion Quest Athabasca CCS project Shell, Chevron and Marathon Oil (Marathon) made the final investment decision (FID) for the Quest CO² Capture Sequestration project through their Athabasca Oil Sands Project joint venture. In order to reduce the carbon footprint of the oil sands exploration and production in the Athabasca Oil […]
Woodside in talks with ExxonMobil, BHP and Hess Earlier this year, Woodside Petroleum (Woodside) and its partners Tokyo Gas Pluto Pty ltd (Tokyo gas) and Kansai Electric Power Australia Pty Ltd (Kansai Electric) started up operations of the Pluto LNG project. Tokyo Gas and Kansai Electric are in the same time the purchasers of Pluto gas […]
Qatar Petroleum in JV with Exxon to export US LNG Qatar Petroleum (QP) and ExxonMobil announced to use their joint venture called Golden Pass Products to export liquefied natural gas (LNG) from USA. Created with 70% Qatar Petroleum working interests, the Golden Pass LNG project was constructed as a LNG import terminal. With this LNG import terminal, Qatar was securing […]
Cairn, San Leon, Genel increase footprint in Morocco On the same week, Cairn Energy (Cairn) announced to sign a Farm-in Agreement for offshore exploration and production while San Leon Energy (San Leon) extended its oil shale onshore acreage, both in Morocco. These moves reflects the potential of resources and the momentum taken by Morocco in […]
Carlyle targets emerging markets with DuPont Performance Coatings DuPont and The Carlyle Group (Carlyle) signed a definitive agreement by which Carlyle will buy DuPont Performance Coatings (DPC), the DuPont’s Coatings Division. Still submitted to regulatory approval, the transaction should be effective on the first quarter 2013. Carlyle is a global alternative assets manager having already […]
Bio-technologies to convert GHG into low carbon fuels The nylon world leader, Invista from Wishita, Kansas, USA, and the bio-technology specialist LanzaTech signed a joint development agreement to convert carbon monoxide waste into butadiene and other chemical feedstocks. The producer of “Lycra” and other famous “Coolmax” fibers, Invista is developing and producing high added value […]
Eni, Vitol and GNPC to develop Ghana offshore gas Eni from Italy, Vitol from Switzerland and the National Oil Company Ghana National Petroleum Corp (GNPC) have signed a Memorandum of Understanding (MOU) to develop the Offshore Cape Three Points (OCTP) Blocks offshore Ghana. This MOU follows the discoveries by Eni and its partners of significant recoverable reserves […]
