EPC
Mariner is the first field to be developed from the $9.6 billion capital expenditure Mariner & Bressay project located in the UK North Sea Because the offshore ultra heavy crude oil is one of the most challenging exploration & production of the Oil&Gas sector, Statoil decided to proceed step by step. Mariner will go first and Bressay will follow one […]
Definition: “MoU” is the acronym for Memorandum Of Understanding. MoU may also be called Letter of Intent (LoI) Comments: A MoU is a document by which two parties describe how they intend to work together. It can be just a technical base line of co-operation or a more extended agreement with commercial and financial terms. Depending on […]
Luberef stands for the Saudi Aramco Lubricating Oil Refining Company created by Saudi Aramco and ExxonMobil. But since 2007, Luberef is a 70/30 joined venture between Saudi Aramco and Jadwa Investment to operate lube oil refineries in Yanbu and Jeddah. With Jeddah and Yanbu refineries, the total Luberef actual capacity runs around 550,000 t/y lubricants, […]
When the Saudi Authorities allocated to the Saudi Binladin Group (SBG) and Malaysia’s MMC Corporation the mission to design and develop the $27 billion Jizan Economic City (JEC), Saudi Arabia This refinery was supposed to be the first building block to create wealth and employment in the South region of the Kingdom. In addition the Saudi Authorities expectation […]
The Linde Group (Linde) and Sadara Chemical Company (Sadara), the joined venture between Saudi Aramco and Dow Chemical, signed a long-term contract for the gas supply of Sadara Complex in construction in Al Jubail, Saudi Arabia. Linde will spend $380 million in capital expenditure. Sadara will be the world’s largest chemical complex ever built in a single phase. […]
Husky Energy from Canada and CNOOC from China own each of the Madura fields, BD, MDA & MBH, in the Madura Straight on East Java, Indonesia. The remaining 20% belongs to the local Samudra Energy. The Madura BD project is well in progress as decision was made last year to go for a FPSO to process […]
Chevron is planning to spend $3 billion in Indonesia this year where Gengalo and Gehem should take a major part. While Technip is performing the FEED for these two large FPUs, Chevron is completing the qualification process of the potential contractors to receive an invitation to bid (ITB) this quarter. For this FEED , Technip has involved its Jakarta […]
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 […]
