Dow selects Freeport for its $4 billion Ethylene cracker

The Dow Chemical Company (Dow) will spend $4 billion in capital expenditure for this ethylene and propylene production facilities in Freeport, Texas, USA. This Olefins project illustrates the previous […]

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ConocoPhillips lists Phillips 66 to enhance Market Leadership

It is not every day that a Major company shakes up its Oil&Gas business model and introduce a […]

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“LoI”

Definition: “LoI” is the acronym for Letter of Intent . Comments: A LoI is a document by which two parties describe how they intend to […]

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Statoil $9.6 billion Mariner & Bressay mobilizes EPC bidders

Mariner is the first field to be developed from the $9.6 billion capital expenditure Mariner & Bressay project […]

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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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