downstream
BASF runs into upstream while Gazprom goes west On November 12th, 2012, the German chemical company BASF and the Russian Gazprom signed a binding basic agreement to swap assets estimated of the same value. The assets selected to support the swap reflect the strategy of both companies: – BASF to increase its position in the oil […]
Take it further Headquartered in Paris, France, Technip is one of the largest engineering companies with more than 32,000 people covering all sectors of the oil and gas and petrochemical industry offshore and onshore, upstream, midstream and downstream. Established in 1958, Technip is today listed in NYSE Euronext Paris and USA through an American Depositary […]
$50 billion of business opportunities in 250 projects On November 19th 2012, the Project Smart Explorer data base reports $50 billion of business opportunities within the 250 active projects in pursuit in the oil and gas and petrochemical industry. These business opportunities are related for: – $18 billion to Electrical products and systems (Switchgears, transformers, motors and generators, cables, lighting, power systems, etc…) – […]
Enriching lives through innovation With Headquarters in The Woodlands, on the north of Houston, Texas, USA, Huntsman is a chemical company listed in the New York Stock Exchange and operating 75 production units in 30 countries with about 12,000 employees. Jon Huntsman established the Huntsman Container Corporation in 1970 in Fullerton, California. At that time […]
Huntsman and Sinopec Jinling to invest $750 million The Texas-based chemical company Huntsman Corporation (Huntsman) and the Sinopec Jinling Petrochemical Corporation (Sinopec Jinling) have decided to form a joint venture to build and operate a greenfield world-scale Propylene Oxide (PO) and Methyl Tertiary Butyl Ether (MTBE) plant in Nanjing, in the Jiangsu Province, China. Huntsman […]
Saudi Aramco to require “In-Kingdom EPC” contracts After implementing the General Engineering Services Plus (GES+) initiative at the design phase of the projects, Saudi Aramco is planning to enforce its requirements for the Saudi localization at the execution phase with the “In-Kingdom EPC” contracts. For some years, Saudi Arabia is investigating all the opportunities to use […]
Samsung submitted the lowest bid on Luberef refinery Saudi Aramco and Jadwa Investment are reviewing the final technical and commercial offers submitted by the engineering companies for the engineering, procurement and construction (EPC) contracts of the Luberef Yanbu Lube Oil Refinery Expansion. Estimated to require $1 billion capital expenditure, this Luberef Yanbu Lube Oil Refinery Expansion project was tendered […]
World Bank and European Bank for Reconstruction & Development to provide funding to reduce flared gas The World Bank and the European Bank for Reconstruction and Development (EBRD) are calling the oil companies and the producing countries to cut the gas flaring by 30% in the next five years. According to 2011 estimations, about 140 […]
