Front End Engineering and Design (FEED)
Takreer awarded $2.47 billion on first half 2012 With the Ruwais Carbon black and delayed coker (CBDC) facilities, Abu Dhabi Refining Company (Takreer) awarded the only giant project in the UAE during the first half 2012. This downstream project came after a long period without major capital expenditure in the UAE since the Borealis and […]
$1.6 billion to build Taizhou Refinery and Aromatics China National Offshore Oil Corporation (CNOOC), China’s third National Oil Company (NOC), has decided to build a new integrated refinery and petrochemical complex in Taizhou, Jiangsu province, in east China. The new refinery would process heavy crude oil pumped from China’s Bohai Bay, off north China, the […]
Chevron to boost Bangladesh gas and NGL production Chevron Corporation (Chevron) is one of the largest foreign investors in Bangladesh, providing employment and supplying nearly 50% of the country’s natural gas consumption. Chevron produces natural gas from the Bibiyana, Jalalabad and Moulavi Bazar fields where Chevron Bangladesh holds a 98% working interests. Since 2001, Chevron operates the […]
PCIC Middle East Conference to take place with ADIPEC on Nov 12th & 13th 2012 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) organizes its 15th edition on November 11th to 14th 2012 at the Abu Dhabi National Exhibition Centre (ADNEC) in UAE. With more than 1,500 exhibitions and 45,000 attendees, ADIPEC is the largest exhibition in […]
Badra Export pipeline and Infield pipeline awarded soon Gazprom continues to award engineering procurement and construction (EPC) contracts for the different packages of its $2 billion Badra development project. Badra oil field is located in the Wasit Province at the Southeast of Iraq. Badra is part of these giant fields that the Iraq Government intends to develop to increase […]
CB&I to broaden energy portfolio from LNG to Nuclear July 30th, 2012, CB&I and The Shaw Group (Shaw) announced to have closed a deal by which CB&I will acquire The Shaw Group. Shaw is a 25 years old engineering and services company well established as global provider of: Engineering and construction – Technology – Fabrication […]
Definition BOT is the acronym of Build-Own-Transfer or Build-Operate-Transfer. BOT is a business term which defines a specific three stages contract for greenfield projects. Comments Usually an end user willing to build a new plant from greenfield goes along the investment decision process until the final investment decision (FID). Assuming that the project is profitable and […]
Definition FID is in the Oil & Gas and Petrochemical industry the acronym of Final Investment Decision. Comments FID must not be confused with FEED which is another acronym commonly used also in the Oil & Gas and Petrochemical industry and stands for Front End Engineering and Design. Anyway both are in close connection since the FEED prepares the […]
