capital expenditure
Yuhuang to invest $1.85 billion in St James Parish The Chinese Shandong Yuhuang Chemical Corporation Ltd (Shandong Yuhuang) has selected a site in St James Parish, Louisiana, to build its first overseas facilities under the name of Yuhuang Louisiana methanol project. Ranked among the top twenty five chemical group in China, Shandong Yuhuang is running $5 […]
Pemex to invest $6 billion to extend Akal lifetime The wholly state-owned company Petroleos Mexicanos (Pemex) is planning to invest up to $6 billion capital expenditure to stop the depletion of its giant Cantarell oil and gas field on the Mexican Continental Shelf of the Gulf of Mexico. Located 80 kilometers offshore in the Bay […]
Saudi Arabia prioritizes Khurais and Shaybah capacity The national oil company Saudi Aramco selected the Khurais and Shaybah fields to increase Saudi Arabia crude oil production capacities. Lying adjacent to one of the world largest oil field, the giant Ghawar, Khurais is also of a significant size at the scale of Saudi Arabia with the […]
GGOEX to monetize Nigerian gas with Gulf Methanol The local Junior company Gulf of Guinea Oil Exploration Limited (GGOEX) is investigating all opportunities to monetize natural gas in Nigeria through its purposely established subsidiary Gulf of Guinea Methanol Limited (GGML) to develop a world-scale methanol plant in the Niger Delta. At the end of 2012, […]
Steelhead LNG selects Sarita Bay on Vancouver Island Registered in Vancouver, British Columbia (B.C.), the newly established company Steelhead LNG Corporation (Steelhead LNG) signed with the Huu-ay-aht First Nations (HFN) an Opportunity Development Agreement to jointly design and build a liquefied natural gas (LNG) project on the Sarita Bay on the west coast of Vancouver […]
OGC to link Saih Nihayda to Port of Duqm in Oman The state-owned Oman Gas Company SAOC (OGC) is preparing to award the engineering, procurement and construction (EPC) contract for the construction of the gas pipeline between Saih Nihayda and the Port of Duqm in the Sultanate of Oman. As the main midstream company in […]
Statoil preferred TLP concept for Snorre C on tie-back The Norwegian State-owned company Statoil and its partners, Petoro from Norway, ExxonMobil from USA, Idemitsu Petroleum (Idemitsu) from Japan, RWE from Germany, Core Energy from Norway preferred the tension leg platform (TLP) concept over a simple tie-back to develop Snorre C, the third phase of this […]
CB&I to complete ORPIC Liwa Plastics project FEED The engineering company CB&I is about to complete the front end engineering and design (FEED) of the petrochemical complex planned by the state-owned Oman Refinery and Petroleum Industries Company (ORPIC) in Al-Liwa, near by Sohar in the north of Oman. As all the other countries in the […]
