
capital expenditure
Takamul to call for tender Sohar PTA and PET projects The joint venture Oman International Petrochemical Industry Company (OIPIC) between the State-owned companies Takamul Investment Company (Takamul), Oman Oil Company (OOC) and the South Korean LG Corporation (LG) is preparing the call for tender to invite engineering companies to bid for the engineering, procurement and […]
Gazprom to upgrade NIS Pancevo refinery The Russian giant JSC Gazprom Neft (Gazprom) is planning to upgrade the Naftna Industria Srbije (NIS) refinery located in Pancevo on the east of Belgrade, Serbia. The NIS refinery results from a joint venture between Gazprom, the Republic of Serbia (Serbia) and minority stakeholders share the working interests such […]
New Mozambique President to guide projects decisions The Italian major company Eni Spa (Eni) and the Houston-based independent company Anadarko Petroleum Corporation (Anadarko) are now expecting from the Presidential elections to speed up the publication of the regulation to guide their final investment decisions (FID) on their respective Mozambique liquefied natural gas (LNG) projects. Since […]
Westlake to expand Louisiana Lake Charles Ethylene While Westlake Chemical Corporation (Westlake) was celebrating the completion of its expansion in Calvert City, Kentucky, the Houston-based company announced a new project with the expansion of its historical Lake Charles ethylene plant in Louisiana, USA. Originally established in 1986 in Louisiana with a low density polyethylene plant […]
South Asia Gas Enterprise at work on 1,300 km MEIDP The Indian joint venture South Asia Gas Enterprise Pvt Ltd (SAGE) is now preparing the front end engineering and design (FEED) for its deepwater transnational gas pipeline called Middle-East to India Deepwater Pipeline (MEIDP) to import gas from Iran and Oman into India. Despite its own […]
What are the main reasons for projects cancellation Since the WTI and Brent barrels prices have lost 20 to 25% of their value in a couple of months we assist to a frenzy of publications and speculations on the consequences of this dip on the Oil & Gas and Petrochemical projects that could be cancelled […]
Badlands NGL and Vinmar to monetize US shale gas The Delaware-registered company Badlands NGL’s LLC (Badlands NGL) and Vinmar Projects (Vinmar) from Houston, Texas, signed a memorandum of understanding (MOU) to design, build, operate a world-scale polyethylene greenfield plant and merchant its production out of North Dakota shale gas basins of the Bakken Formation in […]
KMG joined KPO partners for KEP1 in Karachaganak 3 Through its national oil company (NOC) KazMunaiGas (KMG) Kazakhstan joined in 2012 the partnering companies BG Group (BG), Eni, Chevron and Lukoil in the Karachaganak Petroleum Operating BV (KPO) joint venture for the Karachaganak Expansion Project (KEP) Stage-1 of the oil and gas field development Karachaganak phase-3 in the northwest […]