Business model

Oil & Gas and Petrochemical New Business Model

As part of the underlying Oil & Gas and Petrochemical market revolution, the business model for projects is changing. 
In fact, the new business model is a return to the basic of ROI (Return on Investment) calculations.
Thus, the new business model aims to shorten project timeline while controlling costs. Delivering “Fast-track” projects in 2-3 years.

Sumitomo Chemical in brief

Creative hybrid chemistry for a better tomorrow Registered in Tokyo and listed in Tokyo Stock Exchange, Japan, Sumitomo Chemical Company Limited (Sumitomo Chemical) was established in 1913 to solve  environmental issues. The smelting operations in the copper industry was emitting quantity of sulfur dioxide. Sumitomo Chemical was created to transform and monetise this sulfur dioxide …

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Eni in brief

A major integrated energy company Registered in Roma, Italia, Eni S.p.A. (Eni) is a national oil company with 33% shares owned by the Italian Government and 67% listed in the Milan Stock Exchange, Italy and on the New York Stock Exchange. With operations in 85 countries and 79,000 employees, Eni is developing an extensive integrated business model …

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Jacobs wins Dow and Saudi Aramco Sadara EPCM contract

Jacobs collects awards in Saudi Arabia giant projects In May, Jacobs Engineering Group Inc. (Jacobs) had been awarded the Front End Engineering and Design (FEED) for the $6 billion Ma’aden Phosphate city project. Then in June, Jacobs announced to have won the engineering, procurement and construction management (EPCM) contract for three polyethylene trains for the …

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Giant Exxon Baytown complex to get bigger with new cracker

From Shale gas to Polyolefins ExxonMobil implements its integrated business model The Houston based Exxon Mobil Corp. is considering a multi-billion-dollar expansion of its giant petrochemical complex in Baytown, Texas, USA. ExxonMobil, like Chevron, Dow Chemicals or Shell,  is looking to take advantage of a surplus of natural gas that’s pushed Henry hub prices near 10-year lows …

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Technip targets Chemicals and Power with Stone & Webster

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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Mozambique battle intensifies between Shell and PTT

PTTEP bids above $1.9 billion cash to acquire Cove The state owned company PTT Exploration and Production Public Company Ltd (PTTEP) announced the terms of its new offer in cash to acquire the entire issued and to be issued share capital of Cove Energy plc. Since Shell and PTTEP from Thailand were competing to take over Cove Energy (Cove), Shell had made a first offer …

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Air Liquide takes a leap in Russia with new technology

Air Liquide starts up new air separation unit in Tatarstan Air Liquide is pursuing its long-term development in Russia, and starting-up a new Air Separation Unit (ASU) that will produce oxygen and nitrogen in the Special Economic Zone “Alabuga” in the Volga region, Tatarstan. Tatarstan‘s economy is the fifth largest in Russia in terms of …

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