“IOC”

Definition:  “IOC” is the acronym of International Oil Company and nominates the Oil & Gas companies which are […]

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Baku Oil & Gas and Petrochemical complex

The State Oil Company of Azerbaijan (SOCAR) has invited local and foreign companies in Baku in April to […]

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GE Oil & Gas wins Subsea equipment for Julimar

Apache has awarded GE Oil & Gas a $150-million contract for subsea equipment, including project management, engineering and […]

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“NOC”

Definition:  The “NOC” acronym means “National Oil Companies” and refers to the local oil producing companies owned by […]

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Dong Hejre project in Denmark

Technip, in partnership with Daewoo Shipbuilding & Marine Engineering (DSME), was awarded by Dong E&P and Bayerngas, a […]

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Statoil awards a series of projects

Well supported by its financial performances and the sustainable price of the oil, Statoil has announced on the […]

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Grass-roots

Definition:  The wording “Grass-roots” refers to a new plant to be built up from scratch. It has no […]

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Formosa Plastics Olefins Project in Point Comfort, Texas, USA

Formosa Plastics Corporation, U.S.A. announced to invest more than $1.7 billion at its Point Comfort, Texas site, USA, […]

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Shale gas and cash race

On February 27th the gas price in North America reached a new low at $2.57 per million btu […]

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Lump Sum Turn Key Contract

Definition: A “Lump Sum Turn Key (LSTK) Contract” refers to bidding terms and conditions between the End User […]

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