China
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 […]
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 […]
Shell to invest $20 billion in LNG and GTL for 2012 – 15 During Investors day in London, the major Royal Dutch Shell plc ( Shell) presented last week, its vision on the gas future global market and its strategy to sustain a profitable growth and market leadership in this sector. Compared with the other major […]
Veresen plans to lead LNG export from US west coast The Calgary-based Veresen Inc. (Veresen) is promoting smartly its Jordan Cove liquefied natural gas (LNG) project as located on the US west coast, on the shortest way to export from US to the most profitable markets in Asia. As the twelve other export LNG projects in […]
Jordan retains world fourth largest oil shale reserves If Jordan falls short of conventional oil and gas resources to sustain its economical development, it appears to hold the world fourth largest oil shale reserves after USA, China and Russia. According to actual estimations, Jordan reserves of unconventional oil in the shale deposits could reach up […]
BP and CNPC ramped up oil production 10% per year In June 2009, the international oil company BP and the China National Petroleum Company (CNPC or PetroChina) were awarded the technical services contract (TSC) for the giant Rumaila oil field in the south of Iraq, closed to the Kuwait border. BP discovered the Rumaila oil field […]
Global Leader Hyundai Group was established in 1947 as a construction company and moved into shipbuilding only in 1970 with an order for two crude tankers while the shipyard was not yet existing. In 1972, Hyundai started to build a shipyard in Dusan and two years later, in 1974, the two tankers were delivered. Then […]
