Insights

Statoil validated concept for $4 billion Dagny and Eirin oil and gas fields development       Partners and actual interests in Dagny are split between:  – Statoil 58.5%  – ExxonMobil 33%  – Total 6.5%  – Det norske oljeselskap 2%. The final distribution of ownership interests will be subject to negotiations in the period leading up to […]

$20 billion Petronas RAPID project calls for partners The proposed Petronas Refinery & Petrochemical Integrated Development (RAPID) complex in Pengerang, Johor, Malaysia, is so far the largest liquid-based greenfield downstream undertaken in Malaysia. It will have a 300,000 barrels per day refinery to supply the petrochemical complex, to produce a host of refined petroleum products, including gasoline […]

Definition Polyethylene (PE) is a thermoplastic polymer consisting of long hydrocarbon chains. A molecule of polyethylene is nothing more than a long chain of carbon atoms, with two hydrogen atoms attached to each carbon atom. Polyethylene is produced from the polymerization of ethylene as monomer. Polyethylene may have different grade of density with different melting point temperatures […]

Chevron Phillips to build two new Polyethylene units  In April, Chevron Phillips Chemical Co. (Chevron Phillips) confirmed to build two polyethylene facilities in Sweeny facility in Old Ocean, Texas, which is located in Brazoria County. The two polyethylene facilities planned are part of the company’s U.S. Gulf Coast (USGC) Petrochemicals Project. The Woodlands-based chemical company, Chevron […]

$350 million to acquire Dubai’s NPS Energy 21 May 2012 – Aker Solutions has agreed to acquire NPS Energy, which is part of oil field services company National Petroleum Services. NPS Energy has a strong presence in the Middle East and North Africa, which combined hold approximately 60 per cent of the world’s proven oil […]

Definition Long lead item refers to the equipment, product or system that is identified at the earliest stage of a project to have a delivery time long enough to affect directly the overall lead time of the project. Comments The long lead items are common in the oil & gas and petrochemical industry because of […]

KNPC to pre-qualify EPCs for CFP and NRP projects Expected on June 13th, the state-owned oil refiner Kuwait National Petroleum Co (KNPC) has decided to postpone to July 4th the dead line for the engineering companies to submit their expression of interest (EOI) for the calls for tenders to be issued for the multiple engineering, procurement and construction […]

Petronas Floating LNG awarded to Technip-Daewoo June 5th, 2012 – Technip-Daewoo Consortium has been awarded by Petronas a $2 billion contract for a Floating LNG (FLNG) unit in Malaysia Technip created a consortium with Daewoo Shipbuilding & Marine Engineering (DSME) Co. Ltd., the Technip-Daewoo Consortium (TDC). Technip-Daewoo Consortium (TDC) was awarded by Petronas Floating LNG 1 (Labuan) Ltd, […]

Definition Flaring refers to the operation of sending to the flare for the atmospheric combustion the gases and sometimes the liquids which could not be processed in the cycle of production. Comments Flaring takes part of all the oil & gas and petrochemical processes, upstream and downstream, in order to control over-pressures which may come […]

Adma-Opco to spend $50 million to reduce carbon footprint. Abu Dhabi Marine Operating Company (Adma-Opco)  is majority-owned by Abu Dhabi‘s state oil firm ADNOC with BP, Total, Inpex and Japan Oil Development Company as other share holders. Adma-Opco is the operator of the Das Island offshore oil and gas hub. In order to reduce the carbon footprint of […]