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The national India Oil & Natural Gas Corporation (ONGC) is a major local offshore drilling rigs operator and still intends to do so as to support the off Eastern India Oil & Gas fields development. With more than 120 blocks to explore, ONGC will have to ramp up its drilling rigs fleet. Most of its […]
Shell is operating the Malampaya gas field with 45% share, at the same level as Chevron while the local Philippines National Oil Company, PNOC, owns the remaining 10%. The third phase of Malampaya will suppose the construction of an offshore compression platform. This platform should be built in the Philippines and should be the first […]
With more than $75 billion Capital Expenditure to be invested in drilling rigs in the next 5 years, the pipeline of business opportunities in drilling rigs has never been so loaded according to Upstream, the Norwegian Oil & Gas newspaper. From their well documented analysis published in March about the drilling rigs, Upstream explains how this industry should break another historic […]
The European Petroleum & Chemical Industry Committee (PCIC Europe) has finalized the agenda of the next Conference in Prague on June 19th – 21st. PCIC Europe is the premier European forum for the exchange of experience in the practical application of electricity and instrumentation in the petroleum, chemical and pharmaceutical industries, including all upstream and […]
According to Vagit Alekperov, Lukoil Chief Executive, in an interview to the Financial Times, Russia will end the exclusive rights given to Gazprom and Rosneft to explore the Arctic Oil & Gas fields. So far these exclusive agreement has not given the expected results so that the oil production should start to decline in 2016 […]
Arkema, the French leading petrochemical company, and Jacobs Engineering have signed 4 contracts for new PVC projects in China. These PVC production facilities should be located in Hefei, Golmud, Etuoke Banner and Wu Lan Cha Bu, China. They will represent 4 million t/y capacity based on Arkema PVC licenses. In these contracts Arkema will provide their proprietary PVC suspension […]
Reliance Industry Ltd (RIL) and Sibur have decided to invest $450 million in a Butyl Rubber production unit at Jamnagar, India. To do so, RIL and Sibur have created a (74.9%/ 25.1%) joined venture called Reliance Sibur Elastomers Pvt Ltd. This new Butyl Rubber facility will have a capacity of 100 000 t/y and will […]
Total Petrochemicals and the Shaw Group have announced to create an exclusive Alliance for the marketing and licensing of the Total Polystyrene (PS) technology Worldwide. Total Petrochemicals’ polystyrene technology produces both general purpose polystyrene, a rigid and transparent material used in applications such as insulation and packaging (transparent containers and boxes), and high impact polystyrene, […]
