completion
To meet the Malaysia oil & gas production targets, Hess and Petronas have decided to speed up the development of the Kamelia and Belud oil fields. On Kamelia in the North Malay Bassin, Hess has awarded a letter of Intend to Emas Offshore Production & Construction (EOCL) to charter a FPSO for a first period of […]
Shell is operating the Malampaya gas field with 45% share, at the same level as Chevron while the local Philippines National Oil Company, PNOC, owns the remaining 10%. The third phase of Malampaya will suppose the construction of an offshore compression platform. This platform should be built in the Philippines and should be the first […]
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 […]
Reliance Industry Ltd (RIL) and Sibur have decided to invest $450 million in a Butyl Rubber production unit at Jamnagar, India. To do so, RIL and Sibur have created a (74.9%/ 25.1%) joined venture called Reliance Sibur Elastomers Pvt Ltd. This new Butyl Rubber facility will have a capacity of 100 000 t/y and will […]
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 […]
