Insights

Petronas and Basf have taken the next steps in the development of the previously announced RM4 billion investment that will expand their partnership in Malaysia, involving projects at their existing venture in Kuantan and at a new site within Petronas’ proposed Refinery & Petrochemical Integrated Development (RAPID) complex in Pengerang, Johor.   These projects are to be […]

Definition: In the Oil & Gas and Petrochemical sector, “Midstream” refers to all the phase of transportation from the production locations to the transformation locations. Typically, by “Midstream” we should understand pipelines, vessels and all types of carriers such as trains or trucks. With the evolution of the gas to wire technology (GTW) we should […]

The $13 billion Keystone project is an entire network of pipelines connecting the key sources of supply from Alberta, Canada, in North end, and Gulf of Mexico, USA, in South end, to the main storage, trading and refining locations of Cushing, Oklahoma, USA, of Port Arthur, Texas, USA, and of Wood River & Patoka, USA. […]

While the oil and gas production came down in 2011 by 18% to 1.8 million boe, the companies keep high ambition in the North Sea. In its 2012 survey, Oil & Gas UK collected input from the operators and estimated that the capital pending in the North Sea should reach a record high level to […]

Definition:  “Upstream” refers to the flow of oil or gas coming up from the reservoir to the surface. By extension “Upstream” has been adopted by the Oil & Gas industry to nominate all activities to pump up the oil and gas. It starts from the exploration to find new reserves onshore or offshore, covers all […]

In the Bohai bay of the Liaoning Province, in the northeast of China, the China National Offshore Oil Corporation (CNOOC), started production of very heavy crude oil from the Suizhong 36-1 offshore field in 1993. The second phase came on stream in year 2000. Now CNOOC announced to proceed to a revamping of the existing […]

The Chinese Shenua coal mining company selected the LyondellBasell’s Lupotech T process for its new Coal To Olefins (CTO) project planned in Yulin, Shaanxi Province, China.  With this technology Shenua intend to produce 300 000 t/y of Low Density Polyethylene (LDPE) and Ethylene Vinyl Acetate (EVA). Shenua is the biggest coal producer in China and one […]

Definition:  “IOC” is the acronym of International Oil Company and nominates the Oil & Gas companies which are privately owned and operate globally. Comment:  The most well-known “IOCs” are ExxonMobil, ChevronTexaco, BP, Shell, Total, ConocoPhillips. They are also called the “Major Companies” or simply the “Majors” as they are the biggest petroleum companies in the […]

The State Oil Company of Azerbaijan (SOCAR) has invited local and foreign companies in Baku in April to build the partnerships around this $15 billion oil & gas and petrochemical complex in Baku, Azerbaijan. The project includes a: 10 million t/y refinery including 20 processing units 10 billion cum/y gas processing plant of ethane, propane, […]

Apache has awarded GE Oil & Gas a $150-million contract for subsea equipment, including project management, engineering and procurement, for the Julimar development offshore Western Australia. The GE equipment for the Julimar includes subsea manifolds, well systems, and integrated subsea and topside control systems. Shipments will begin in June 2013 with installation starting in 4Q […]