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Petronas Floating LNG awarded to Technip-Daewoo June 5th, 2012 – Technip-Daewoo Consortium has been awarded by Petronas a $2 billion contract for a Floating LNG (FLNG) unit in Malaysia Technip created a consortium with Daewoo Shipbuilding & Marine Engineering (DSME) Co. Ltd., the Technip-Daewoo Consortium (TDC). Technip-Daewoo Consortium (TDC) was awarded by Petronas Floating LNG 1 (Labuan) Ltd, […]

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The Dow Chemical Company (Dow) will spend $4 billion in capital expenditure for this ethylene and propylene production facilities in Freeport, Texas, USA. This Olefins project illustrates the previous news about the consequences of the Shale gas to provide long term feedstock at very competitive price to the Downstream activities. As a good example of the relocation into USA of the petrochemical industry, this new ethylene […]

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Definition: The acronym “EPC” stands for “Engineering Procurement and Construction”. Sometimes “EPCC” may be used for “Engineering Procurement, Construction and Commissioning”. In both cases, it refers to the execution phase following the “FEED” during which the engineering companies design all the details of the project for execution, proceed to the procurement of all the equipment […]

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