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Dangote to invest $8 billion in new Nigeria refinery The Nigerian billionaire Aliko Dangote announced its project to build a greenfield new refinery in Nigeria in order to compensate current imports. Nigeria is the largest crude oil producer in Africa but is also one of the largest importer of fuels despite the largest installed base […]
Petrobras to send invitations to bid on Carioca FPSO Petrobras and its partners, BG Group (BG) and Repsol–Sinopec Brazil, are preparing the invitation to bid (ITB) to be sent to the charter companies for the lease of a floating, production, storage and offloading (FPSO) vessel at Carioca in the Santos Basin. Originally the Carioca FPSO was […]
Rosneft and Mitsui signed MOU for Nakhodka complex During the visit of Prime Minister of Japan Shinzo Abe to Russian President Vladimir Putin on April 29th, 2013, the Russian oil and gas and petrochemical giant OJSC NK ROSNEFT (Rosneft) and the Japanese conglomerate Mitsui & Co., Ltd (Mitsui) inked a memorandum of understanding (MOU) to develop […]
Woodside and Shell closed deal on FLNG technology On April 30th 2012, Woodside Petroleum (Woodside) and Shell, its partner in the Browse project of liquefied natural gas (LNG), signed an agreement on the technology for the floating LNG (FLNG) vessels that might be used to develop Browse. In addition to Woodside and Shell, the Browse project involves […]
Saudi Aramco to develop Jizan Port and Power plant In order to ensure the development of the $7 billion Jizan refinery in the south of Saudi Arabia and its commercial operations expected to start in 2016, the Kingdom of Saudi Arabia has decided to concentrate in the hands of the national oil company, Saudi Aramco, […]
Heerema won Alba third compression platform EPCI In April 2013, the Houston-based Marathon Oil Corporation (Marathon) and its partners, Noble Energy (Noble) and the Compania Nacional de Petroleos de Guinea Ecuatorial (GE Petrol) awarded the engineering, procurement, construction and installation (EPCI) contract to Heerema Fabrication Group (HFG) for the Alba PSC B3 gas compression platform. To […]
BP to consider all options for Mad Dog 2 development After the decision to stop the ongoing front end engineering and design (FEED) contracts on the Mad Dog Phase 2 project, BP and its partners, BHP Billiton and Chevron, are back to the drawing board to search for an economically acceptable solution. Last month, BP announced […]
Ineos-UOP to provide MTO technology license The Chinese Jiangsu Sailboat Petrochemical Company Ltd (JSPCL) selected the Ineos and Honeywell’s UOP technology for its world-scale methanol-to olefin (MTO) project planned at Lianyungang, in the north of the eastern province of Jiangsu in China. JSPCL belongs to the large Jiangsu Shenghong Group, listed among the top 500 Chinese […]
