CB&I to acquire The Shaw Group for $3 billion

CB&I to broaden energy portfolio from LNG to Nuclear July 30th, 2012, CB&I and The Shaw Group (Shaw) […]

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“BOT”

Definition BOT is the acronym of Build-Own-Transfer or Build-Operate-Transfer. BOT is a business term which defines a specific […]

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Saudi Aramco Shoaiba Terminal to be tendered Lump Sum

$600 million Storage facility on Red Sea coast With the Shoaiba storage facility, Saudi Aramco expects to facilitate […]

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Taiwan to invest $3.3 billion to upgrade Petrochemical Industry

Taipei spots Petrochemicals as a strategic sector December 2011 – In an effort to maximize the economic value of […]

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“FID”

Definition FID is in the Oil & Gas and Petrochemical industry the acronym of Final Investment Decision. Comments FID […]

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Methanex selected Jacobs to relocate Chile Methanol plant in Louisiana

Methanex to invest $550 million to benefit from low shale gas prices Methanex produces about 3.8 million t/y […]

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$5.4 billion funding ready to start Cheniere LNG Phase 1

Cheniere secured first phase Sabine Pass LNG funding In February, the private equity firm Blackstone Group LP (Blackstone) […]

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Oil sands

Definition Oil sands are bitumen deposits  which naturally occurred from the mixture of thick, heavy oil, water and sand. […]

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Imperial Oil awards $300 million Kearl Expansion to CB&I

ExxonMobil to boost oil sand production in Canada Through Imperial Oil Ltd (Imperial Oil), ExxonMobil is planning to double […]

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Successful “Open Door” license round in Greece

Eleven companies bidding on Ioannina, Gulf of Patras and Katakolon fields on western Greece In March 2012, Greece […]

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