downstream
KOC to invest $7 billion in Lower Fars heavy crude oil The national upstream Kuwait Oil Company (KOC) is considering to move into the engineering, procurement and construction (EPC)stage for the Lower Fars phase-1 project since WorleyParsons completed the front end engineering and design (FEED) work in 2012. This phase-1 is part of the Lower Fars heavy […]
together WE achieve Based in Abu Dhabi within the United Arab Emirates (UAE), the Abu Dhabi National Company (ChemaWeYaat) was established recently in 2008 as the spearhead of the petrochemical industry in the UAE. In order to create immediately a regional champion and develop synergies, the stakeholders transferred their respective petrochemical assets into their purposely formed […]
CNPC to pay BHP $1.6 billion for 10% of Browse LNG The super giant China National Petroleum Corporation (CNPC or PetroChina) is to acquire the 10% stakes held by BHP Billiton in the $40 billion capital expenditure Browse LNG project. In practice the transaction is based on PetroChina to pay $1.6 billion to BHP Billiton for: – […]
Shaping the Future AMEC plc (AMEC) started engineering activities in Canada more than 100 years ago when the Montreal Engineering Company (MEC) was established in 1907. In 1992, AGRA took over MEC to create AMEC. Today, AMEC is listed in London Stock Exchange and is building up its market leadership in focusing on engineering services […]
OGS and Samsung won Lavaca Bay LNG project FEED Excelerate Energy LP (Excelerate) is planning to convert its Lavaca Bay liquefied natural gas (LNG) terminal into export LNG facility. Located at Lavaca Bay on the Texas Gulf Coast, the Excelerate export LNG project should be the first one in USA to be designed with a floating LNG […]
UK to lead shale gas exploration in Europe On December 13th, 2012, the UK Government lifted the ban on exploration and production of shale gas with the expectation to develop a dedicated industry upstream and downstream that could create 42,000 permanent jobs. This ban had been decided in 2011 after small earthquakes had been recognized […]
Energizing Chemistry Lanxess AG (Lanxess) is a young company founded in 2005 with 150 years of history in the chemical industry as the result of Bayer strategic spin off of plastics and synthetic rubber assets. Still home-based with Bayer in Leverkusen, Germany, will relocate headquarters next door in Cologne, in 2013. Lanxess is covering 31 […]
Noble to install first Floating LNG in Mediterranean Sea Noble Energy (Noble) and its partners, awarded the front end engineering and design (FEED) contract to Pangea LNG B.V. for a floating production unit of liquefied natural gas (LNG) to be installed on the Tamar gas field, 90 kilometers offshore Israel. Operated by Noble, the Tamar […]
