Business model
We Refine Right The Abu Dhabi Oil Refining Company, so called TAKREER, is the operational entity of the Abu Dhabi National Oil Company (ADNOC) in charge of the refining business. Until 1999, the downstream activities were left as a branch within ADNOC, but with the development of this sector in Abu Dhabi and major projects […]
Shaping the Future AMEC plc (AMEC) started engineering activities in Canada more than 100 years ago when the Montreal Engineering Company (MEC) was established in 1907. In 1992, AGRA took over MEC to create AMEC. Today, AMEC is listed in London Stock Exchange and is building up its market leadership in focusing on engineering services […]
UK to lead shale gas exploration in Europe On December 13th, 2012, the UK Government lifted the ban on exploration and production of shale gas with the expectation to develop a dedicated industry upstream and downstream that could create 42,000 permanent jobs. This ban had been decided in 2011 after small earthquakes had been recognized […]
Energizing Chemistry Lanxess AG (Lanxess) is a young company founded in 2005 with 150 years of history in the chemical industry as the result of Bayer strategic spin off of plastics and synthetic rubber assets. Still home-based with Bayer in Leverkusen, Germany, will relocate headquarters next door in Cologne, in 2013. Lanxess is covering 31 […]
SABIC to ally with two engineering services companies Saudi Arabia Basic Industries Company (SABIC) is moving toward alliance with a short selection of two companies to provide engineering services in similar way to Saudi Aramco General Engineering Services plus (GES+) pre-qualification program. SABIC is preparing a call for tender for engineering services and project management consultancy […]
Vietnam Oil & Gas Group completed preparation work PetroVietnam‘s Chairman , Mr Phung Dinh Thuc confirmed during a visit on the site of the Nghi Son refinery project that the preparation work was completed in October 2012 so that the construction could start in 2013. The Nghi Son Refinery and Petrochemical LLC (NSRP) is a […]
CNOOC and Petronas to acquire Nexen and Progress On December 7th, 2012, Canada Prime Minister John Harper announced the approval for two national oil companies China National Offshore Oil Company (CNOOC) and Petronas from Malaysia to acquire respectively: – Nexen Inc. (Nexen) – Progress Energy Resources Corp. (Progress) For Nexen, CNOOC is ready to pay $15.1 […]
Reaching new frontiers Sasol was established in Sasolburg in South Africa in 1950 to develop on industrial basis the Coal-To-Liquids (CTL) technology as this country is rich of coal and many other resources but holds limited oil and gas conventional fields. Sasol started up the first CTL plant in 1955 to produce synthetic fuels and chemicals. […]
