ExxonMobil

Definition: “PCIC Europe” stands for the Petroleum and Chemical Industry Committee in Europe. PCIC Europe was created in 2003 as the regional extension of PCIC North America, the Petroleum and Chemical Industry Committee of the IEEE in USA. Today is the premier European forum for the exchange of experience in the practical application of electricity and instrumentation in the petroleum, chemical and pharmaceutical industries, including all upstream and downstream activities. […]

According to Vagit Alekperov, Lukoil Chief Executive, in an interview to the Financial Times, Russia will end the exclusive rights given to Gazprom and Rosneft to explore the Arctic Oil & Gas fields. So far these exclusive agreement has not given the expected results so that the oil production should start to decline in 2016 […]

The Al-Jubail Petrochemical Company (Kemya) is a joint venture between Sabic and ExxonMobil In November 2008, Sabic and ExxonMobil Chemical signed an agreement to undertake a feasibility study for establishing a new elastomers plant at Kemya. In May 2011, Sabic and ExxonMobil awarded FEED contracts for the process units of the project to Jacobs Engineering and Mitsui Engineering & Shipbuilding. Fluor […]

According to an interview of Mr Fu Chengyu, who became chairman of Sinopec‘s parent in April, to Bloomberg, Sinopec is considering to sell its chemical assets in the next five years in order to finance its overseas development. Benchmarking the Majors like ExxonMobil or Shell, Sinopec wants to balance it Upstream activities and Downstream business. With profitability […]

ExxonMobil and the Turkish local company TPAO are in discussion to explore the shale gas in Turkey. ExxonMobil is investigating the potential development of Trakya field located in the west of Turkey. According to a survey made in April 2011 by Advanced Resources International (ARI) for the American government about the shale gas fields in […]

  Petronas Chemical Group (PCG) is planning to build a US$20 billion RAPID (Refinery and Petrochemicals Integrated Development) plant in Pengerang, Johor, Malaysia, which borders Singapore, — the largest oil trading hub in Asia. The project is key for grabbing a larger share in the $395 billion global market for specialty chemicals — high value raw materials used in […]

Definition:  “IOC” is the acronym of International Oil Company and nominates the Oil & Gas companies which are privately owned and operate globally. Comment:  The most well-known “IOCs” are ExxonMobil, ChevronTexaco, BP, Shell, Total, ConocoPhillips. They are also called the “Major Companies” or simply the “Majors” as they are the biggest petroleum companies in the […]