Insights

Definition: “Jack-up” is the name given to a category of offshore drilling rigs. These Jack-up rigs are easy to recognize by their long steel frame legs supporting the platform. Comments: There are three basic types of offshore drilling rigs, Jack-up, Drilling ships and Semi-submersible. These types have different design and costs, the choice depends on the […]

Converting crude Supertankers or Very Large Crude Carriers (VLCC) into FPSOs is part of Petrobras program to speed up offshore oil fields development. The consortium made of Odebrecht, OAS and UTC, called the Enseada do Paraguacu consortium, has been awarded this contract on Lump-Sum-Turn-Key basis for an amount below $1.75 billion. Petrobras acquired last year these […]

 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 […]

Definition: “PCIC Europe” stands for the Petroleum and Chemical Industry Committee in Europe. PCIC Europe was created in 2003 as the regional extension of PCIC North America, the Petroleum and Chemical Industry Committee of the IEEE in USA. Today 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 downstream activities. […]

TransCanada Corporation will invest $500 million in the Tamazunchale – El Sauz Pipeline Extension in Mexico. TransCanada will build and operate this pipeline with a 25 years natural gas transportation service contract by the Comisión Federal de Electricidad (CFE), Mexico‘s state-owned power company. The project is designed with following key figures: 235 kilometers (146 miles) long capacity […]

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 […]

Definition: More than the size of the company and its market share, the Market leadership is related to the capability to: Drive the decisions along the supply chain. Lead the good practices in a given market. Comments: Key Drivers to Market Leadership Anticipate on deep market needs and Focus on key targets Manage the key […]

Gazpromdobychashelf, the wholly owned Gazprom subsidiary and operator of Shtockman projects, has annouced to expect the completion of the FEED for the offshore pipeline at the end of the year. In parallel, WorleyParsons is making good progress on the FEED of the FPSO, the solution selected for the second and third phases of Shtockman. With a […]

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 […]

Definition: “EDC” is the acronym for Ethylene DiChloride, the common name given to the 1,2 Dichloroethane. As derivated from Ethylene it belongs to the first Olefin family. EDC is mostly produced by catalyzed reaction of the Ethylene and Chloride.   Comments: EDC is a colorless liquid with a mild odor. It is toxic and extremely flammable. EDC is a good organic solvent but […]