Insights

Shah Deniz consortium decided to commence Front End Engineering and Design (FEED) Shah Deniz Stage 2, or Full Field Development (FFD), is a giant project that will bring gas from Azerbaijan to Europe and Turkey. This will increase gas supply and energy security to European markets through the opening of the new Southern Gas Corridor. […]

Jacobs Engineering won the EPCM Services Contract SABIC has awarded a contract to Jacobs Engineering Group to provide engineering, procurement and construction management (EPCM) services to upgrade an Olefins 4 plant at its petrochemical production complex in Geleen, Netherlands. Jacobs said it will carry out the work from its office in Meerssen, Netherlands, which is […]

Definition Turnaround is a planned shutdown of any plant where a large number of activities, in terms of various of discipline have to be executed in a specified / predefined duration. Comments In the Oil & Gas and Petrochemical industry most of the plants are designed and built to last more than 30 years and […]

Fluor wins the Project Management Services Contract Reliance Industries Limited (RIL) is converting a part of the fuel production for export into petrochemical added value products. In that purpose, RIL has awarded a contract to Fluor to provide project management services (PMS) for its refining and petrochemical projects to be executed in Jamnagar, Gujarat, India. Commissioned […]

After ExxonMobil and ENI, Rosneft extends its domino strategy to Statoil Rosneft and Statoil signed a cooperation agreement to jointly explore offshore and onshore fields in the Russian sections The cooperation agreement also provides Rosneft with an opportunity to acquire interests in selected Statoil exploration licences and assets in the North Sea as well as […]

Definition Heavy crude oil  and extra heavy crude oil is any type of  crude oil which does not flow easily. Physically heavy crude oil have higher viscosity and density or specific gravity with an heavier molecular composition Heavy crude oil has been defined as any liquid petroleum with an API gravity less than 20°. Extra Heavy crude oil have an API gravity […]

Camisea gas for the $3.5 billion Peru Southern Project  Brazilian and Peruvian Governments have approved the Camisea Southern gas pipeline project, the Integrated Petrochemical Complex planned by Braskem and PetroPeru will get the necessary ethane feedstock.  Odebrecht will lead the Brazilian  consortium to build the $5 billion capital expenditure Peru’s Southern Andean Gas Pipeline from the Camisea gas fields to Quillabamba to supply a […]

Toyo and SOG create TS Participações S.A. Last month MODEC TOYO Offshore Production Systems Pte. Ltd. (MTOPS), a joint company created by Toyo Engineering Corporation (Toyo) and MODEC, Inc. (MODEC) established in Singapore, has been awarded a EPC contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system from Dutch company of Cernambi Sul MV24 […]

Definition The Henry hub is the pricing point for the natural gas future and spot contracts traded on the New York Mercantile Exchange (NYMEX). Physically the Henry hub is located in Erath, Louisiana, USA and belongs to the Sabine Pipeline LLC. Comments Future and spot prices set at Henry hub are denominated in $/mbtu (million of British thermal units) and are generally […]

Odebrecht, Petrobras & Braskem to lead Camisea gas field development Brazil has come forward with cash injections aimed at bringing the gas into the international markets and help Peru’s Petrochemical sector development. Odebrecht will lead a consortium of three Brazilian firms plans to spend up to $5 billion capital expenditure instead of the previous $3 billion  in the perspective of higher potential for Peru’s […]