capital expenditure
The Vopak Way: 75 global operational standards Headquartered in Rotterdam in The Netherlands, Royal Vopak (Vopak) is the world largest independent storage and handling operator of oil and gas and petrochemical products. Established in 1999 from the merger between Pakhoed and Van Ommeren, Vopak operates 84 terminals in 31 countries with a global storage capacity […]
SABIC and Vopak to build $400 million storage facility Saudi Basic Industries Corporation (SABIC) and Royal Vopak (Vopak) signed Heads of Agreement (HoA) to form a joint venture to build new storage facilities in the Al Jubail Terminal on the east coast of Saudi Arabia. The joint venture between SABIC and Vopak should be established under […]
Cameron and Schlumberger go for integrated solutions Cameron and the leading oilfields services company Schlumberger have decided to create OneSubsea as a joint venture to merge their subsea activities in the oil and gas sector. Through OneSubsea, Cameron and Schlumberger intend to develop and manufacture new dedicated products, systems and services for the subsea applications. Headquartered […]
Chemistry that matters Based in Ryadh, Saudi Arabia, SABIC stands for the Saudi Basic Industries Corporation, one of the largest petrochemical companies in the world with 40,000 employees running operations in 40 countries. SABIC was established in 1976 by Royal Decree to develop the downstream industries in Saudi Arabia while Saudi Aramco was focusing on the […]
QP and Shell Petrochemical project named Al-Karaana Qatar Petroleum and Shell made significant decisions in November regarding their world-scale petrochemical complex in the Ras Laffan Industrial Zone in northern Qatar. The Minister of Energy and Industry, Dr Mohamed bin Saleh al-Sada and Ben Van Beurden, Shell Chemicals Executive Vice President, during a meeting in Doha, […]
ONGC and ConocoPhillips closed deal on $5 billion November 26th, 2012, ConocoPhillips and the Indian national OIL and Natural Gas Corporation Videsh Ltd (ONGC) have agreed on a transfer of interests in the North Caspian Production Sharing Agreement (NCPSA). Signed on the base of $5 billion in cash, the deal opens ONGC the access to […]
Global engineering and construction contractor and power equipment supplier Foster Wheeler had its headquarter in New York City, New Jersey, USA, until 2007 to relocate it in Geneva in Switzerland since then as Foster Wheeler AG (Foster Wheeler).The actual Foster Wheeler company was established in 1927 as the result of the merger between the Power […]
Foster Wheeler awarded EPC management contract On September 2012, the chemical company Lanxess AG (Lanxess) decided to build the world largest ethylene propylene diene monomer (EPDM) plant at Changzhou, in the Jiangsu Province, China. Actually based in Leverkusen, Germany, Lanxess was established in 2005 as a separate company with a new brand from the spin off of […]
