One day – One News
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, […]
The TPC Group is a leader in C4 and C3 hydrocarbons operating world scale dehydrogenation facilities . Processing 30-40% of the CC4 in North America, TPC has multiple units to extract and produce Butadiene at Houston and Port Neches operating facilities. The company declared to “move forward” with studies to restart two idled production units of on-purpose Butadiene and […]
Grace & Co and Al Dahra have signed a joined venture to build and operate in Abu Dhabi, UAE, a new plant to produce Catalysts and Additives With this new facility, Grace & Co and Al Dahra are targeting to supply some of the 16 Fluid Catalytic Cracking (FCC) units to come in the next five years in the Gulf. This plant […]
