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Jacobs completed FEED on mining Phosphate City The Saudi Arabian Mining Company (Maaden) is moving into the engineering, procurement and construction (EPC) phase for its $6 billion capital expenditure Phosphate City project. To be located in the north of Saudi Arabia, the Phosphate City project is also called Al-Khabra project as Maaden is aiming at debottlenecking the Al-Khabra phosphates mines. Through the Phosphate City […]

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Bechtel and Fluor to share Phosphates PMC contracts The Saudi Arabian Mining Company (Maaden) made the final decision regarding the project management consultancy (PMC) contracts to be awarded for the $6 billion capital expenditure for the Phosphate City project. Maaden is planning the Phosphate City project in the north of Saudi Arabia to debottleneck its Al […]

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Statoil’s withdrawal opens door to Gazprom for new partnership with other Majors Since Gazprom, Total and Statoil could not make the final investment decision (FID) in June 30th on Shtokman despite $1.5 billion capital expenditure already spent in the project, some major changes were expected in the project. Statoil‘s decision to withdraw from the project, […]

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Cheniere secured first phase Sabine Pass LNG funding In February, the private equity firm Blackstone Group LP (Blackstone) provided Cheniere Energy Partners (Cheniere) with $2 billion to finance Sabine Pass LNG Export Terminal conversion project. Since then Cheniere had appointed eight financial institutions to raise up to $4 billion in debt to complete the financing. As […]

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Shaw to sell Energy & Chemicals Group (mostly Stone & Webster) to Technip  On May 21st, 2012, The Shaw Group Inc (Shaw) and Technip announced to have closed a deal to the US based Energy & Chemicals Division, mostly made of Stone & Webster, to the France headquartered engineering company Technip for approximately $300 million. Under […]

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