Insights

Farabi Yanbu Petrochemical project at FEED stage The Saudi Farabi Petrochemical Company (Farabi or FPC) is planning to start the front end engineering and design (FEED) work on its Yanbu petrochemical project in the Western Province of Saudi Arabia. Farabi was established in 2002 as a privately owned company. Since 2006, Farabi is producing normal paraffin (NPN) […]

PetroVietnam signed to buy Chevron stakes in Block-B The Vietnam national oil company (NOC) PetroVietnam Exploration Production Corporation (PetroVietnam) has taken over the working interests owned by the California-based international oil company (IOC) Chevron in the Block-B and the Block 48/95 gas field offshore Vietnam. Until now, Chevron was the main owner and operator of the […]

Germany to lead digitalisation with Industrie 4.0 Initiated in 2006, the German program Industrie 4.0 was the first structured initiative to be released by a developed country Government regarding the Future of Manufacturing. In 1989, the fall of the Berlin Wall was followed by series major political and economical decisions such as one East Deutsch […]

Timor Gap tendered Sunrise onshore LNG pre-FEED The Timor-Leste national oil company (NOC) Timor Gap tendered the pre-front end engineering and design (pre-FEED) for a conventional onshore liquefied natural gas (LNG) plant in alternative to the floating liquefied natural gas (FLNG) solution preferred by the Australian company Woodside Energy (Woodside), and its partners, ConocoPhillips from […]

TransCanada expands British Columbia NGTL System NOVA Gas Transmission Limited (NGTL), a wholly owned subsidiary of the Calgary-based midstream company TransCanada Corporation (TransCanada), received the Canada National Energy Board (NEB) approval for its North Montney Mainline pipelines system project to be developed in the northeastern British Columbia. The North Montney Mainline pipeline project results from […]

South-Korea dreams about Creative Economy Squeezed between the ballooning China and the resisting Japan, South Korea used to see its economic future through its large industrial groups playing global and able to mobilize huge resources, especially after the 2008 financial crisis. Benefiting from global champions in the heavy industry as well as in the high […]

Oman and Iran signed gas pipeline Heads of Agreement During a Royal visit of Oman’s Sultan Qaboos bin Said to Iran President Hassan Rouhani in April, the two countries signed a Heads of Agreement (HoA) for the construction of a natural gas pipeline across the Gulf of Oman. The discussions between Oman and Iran for […]

NefteGaz to add Delayed Coker in Afipsky Refinery The Russian NefteGazIndustriya LLC (NefteGaz) made the final investment decision (FID) to proceed with the expansion of its Afipsky Refinery in the Seversky District of the Krasnodar Territory on southwestern Russia. The Krasnodar Territory lies on the Black Sea east coast, in from of Crimea Peninsula, in […]

Smart Automation 2.0 to Create in China In the years 2000s, China was paddling hard to become the “World factory” with its competitive advantage of labor costs lower than the rest of the world to support its economical growth and provide jobs to its billion inhabitants. In that purpose all the Chinese Provinces rivaled from […]

Total Petrochemicals mulls over Port Arthur new cracker The French major company Total is looking West side of Atlantic for the expansion of its petrochemical activities with a greenfield ethylene cracker to be added on its existing Texas Port Arthur complex in USA. As most of the international oil companies (IOCs) Total is looking to take […]