One day – One Project
Technip, in partnership with Daewoo Shipbuilding & Marine Engineering (DSME), was awarded by Dong E&P and Bayerngas, a contract for the HEJRE project development, offshore Denmark, at a water depth of 70 meters. Dong owns 60% of the Hejre field and Bayerngas 40%. Estimated to cost $2.18 billion, this contract covers engineering, procurement, fabrication, hook-up, […]
Formosa Plastics Corporation, U.S.A. announced to invest more than $1.7 billion at its Point Comfort, Texas site, USA, in new Olefins and Low Density Polyethylene (LDPE) facility. This will be the third major expansion at the Point Comfort site and will consist of a: New, grass-roots 800,000 MT/Y olefins cracker Associated 600,000 MT/Y propane dehydrogenation […]
Chevron Phillips Chemical Corporation (CP Chem) has selected its existing Cedar Bayou facility in Baytown, Texas, USA, to build its new “world-scale” 1.5 million t/y ethylene plant. The ethane will come from the local shale gas resources considered now as a competitive and sustainable feed stock. The ethane cracker will use the Shaw technology and […]
Qatar Petroleum (QP) and Shell have signed a Head of Agreement to build $6.4 billion olefins and derivatives complex in Ras Laffan, Qatar. QP and Shell have already performed the feasibility study of this complex to be owned 80% by QP and 20% by Shell and to supply the Asia markets. The project includes: – […]
Qatar Petroleum (QP) and Qatar Petrochemicals Corporation (Qapco) have agreed to proceed with the $5.5 billion petrochemical complex in Ras Laffan, Qatar. The project will be owned by 80% by QP, 20% by Qapco, and will have a capacity of: – 1.4 million t/y ethylene – 850 000 t/y high density polyethylene (HDPE) – 430 000 t/y […]
INPEX has established a joint venture with Total, a France-based firm, with the parties holding 76% and 24% shares, respectively. They announced on January 13th 2012 that they have taken the final investment decision for the Ichthys liquefied natural gas (LNG) project in Australia. The project budget jumped by 70%, from US$20 billion dollars to […]
Saudi Aramco Asia Company Limited (SAAC), a subsidiary of Saudi Aramco, and PT Pertamina (Persero) signed a Memorandum of Understanding to jointly evaluate the economic feasibility to build an integrated refining and petrochemical project in Tuban in East Java, in the Republic of Indonesia. The proposed refinery and petrochemicals project will be designed to process […]
Chevron is already the first oil producer in Kazakhstan with interest in the two largest local oil fields, Tengiz and Karachaganak. With the Future Growth Project, Chevron and its affiliate, TengizChevrOil (TCO) intend to expand the Tengiz field in Kazakhstan from 250 000 b/d to 300 000 b/d. At this early stage, the total cost is estimated […]
