capital expenditure
With more than $75 billion Capital Expenditure to be invested in drilling rigs in the next 5 years, the pipeline of business opportunities in drilling rigs has never been so loaded according to Upstream, the Norwegian Oil & Gas newspaper. From their well documented analysis published in March about the drilling rigs, Upstream explains how this industry should break another historic […]
Converting crude Supertankers or Very Large Crude Carriers (VLCC) into FPSOs is part of Petrobras program to speed up offshore oil fields development. The consortium made of Odebrecht, OAS and UTC, called the Enseada do Paraguacu consortium, has been awarded this contract on Lump-Sum-Turn-Key basis for an amount below $1.75 billion. Petrobras acquired last year these […]
TransCanada Corporation will invest $500 million in the Tamazunchale – El Sauz Pipeline Extension in Mexico. TransCanada will build and operate this pipeline with a 25 years natural gas transportation service contract by the Comisión Federal de Electricidad (CFE), Mexico‘s state-owned power company. The project is designed with following key figures: 235 kilometers (146 miles) long capacity […]
Saltic FZCO (formerly known as Oswal Oman Caustic FZCO), is now planning to move ahead with its “Caustic Soda” and “Ethylene DiChloride (EDC)” project in the Salalah free zone of Oman. Technology for the “Caustic Soda” plant will be provided by Chlorine Engineers Corporation of Japan, while Ineos of Europe will provide the know-how for the “EDC” facility. The project is […]
Actually Lanxess is completing the construction of a new $400 million Butyl Rubber facility in Singapore to come onstream in 2013. Then it announces the decision to add $200 million more capital expenditure in a new Neodynium Polybutadiene rubber (Nd-PBR) plant in Jurong Island, Singapore. With a capacity of 140 00t/y, Lanxess is targeting the […]
On October 1st, 2011 , Basf and Ineos created officially a 50/50 joined venture called Styrolution to merge and promote all their Styrene activities. As a result Styrolution is the only one of the key players dedicated entirely to styrenics, and a strong leader in the market. It holds global number one positions in styrene monomer […]
Haldia Petrochemicals Ltd (HPL) is a competitive modern naphtha based Petrochemical Complex located 125 kms from Kolkata, at Haldia, West Bengal, India. HPL is the second largest petrochemical industry in India with a total capacity equivalent to 7, 00,000 TPA of ethylene. Now HPL is planning a $1 billion (Rs 4,000 crore) capital expenditure project over […]
The Al-Jubail Petrochemical Company (Kemya) is a joint venture between Sabic and ExxonMobil In November 2008, Sabic and ExxonMobil Chemical signed an agreement to undertake a feasibility study for establishing a new elastomers plant at Kemya. In May 2011, Sabic and ExxonMobil awarded FEED contracts for the process units of the project to Jacobs Engineering and Mitsui Engineering & Shipbuilding. Fluor […]
