One day – One News
ENI goes global in Petrochemical In the same time as ConocoPhillips revives the Phillips 66 brand to reposition its Downstream activities, ENI has decided to rename Polimeri Europa into Versalis. The new name represents a tangible sign of ENI‘s 2011 decision to relaunch its petrochemical business. Born in 1994 from the joint venture between Enichem and […]
While Phillips 66 sells Trainer refinery to Delta Air Lines, BP will supply the crude. Phillips 66, the newly created company to take over the ConocoPhillips Downstream activities is going to sell its Trainer Refinery, close to Philadelphia, Pennsylvania,USA, to Delta Air Lines for $150 million. This refinery has a capacity of 185,000b/d of light […]
It is not every day that a Major company shakes up its Oil&Gas business model and introduce a new brand to re-position its strategy and consolidate its Market Leadership. But in July 2011, ConocoPhillips had announced to spin off all their Midstream and Downstream activities under the name of Phillips 66. On May 1st, 2012 […]
Oil and Natural Gas Corporation Limited (ONGC), India and ConocoPhillips, USA, have signed on March 30th a Memorandum of Understanding (MoU) to co-operate and develop the shale gas resources in India, North America and elsewhere besides deep water opportunities in Eastern offshore India. The unprecedented growth of shale gas in the USA has generated new hopes […]
When the USA, led by companies like ExxonMobil or Chesapeake, decided to boost the development of shale gas, the world perceived it as a local matter to help this country to reduce its reliance on overseas production countries. Then in 2011, the USA have become already self sufficient in gas, much faster than expected. Until then, […]
Sabic takes a decisive leap in breaking-ground for this $100 million capital expenditures in Technology Center in Kangqiao, close to Pudong Airport, east of Shanghai. This Technology Center will use 60,000 sqm in a brand new building to host 400 employees, including 200 scientists and engineers working in Research & Development. The purpose of this […]
Qurain Petrochemical Industries Company (QPIC) was established by the Petrochemical Industries Company (PIC) to implement the Kuwait Petroleum Company’s (KPC) strategy to encourage more the private sector in major petrochemical projects in Kuwait. and in the region. QPIC is focusing on chemical and petrochemical products and related by-products. In Saudi Arabia, QPIC would lead the development of the integrated polyethylene […]
The Abu Dhabi Oil Refinery Company (Takreer) is now confident in the decision the come soon for the Ruwais refinery expansion in UAE. This refinery would have a capacity of 400,000 b/d Capital expenditure is estimated around $10 billion Takreer will build the new refinery to operate alongside the existing 417,000-b/d facility. The new facility should use UOP […]
