gas
Global Leader Hyundai Group was established in 1947 as a construction company and moved into shipbuilding only in 1970 with an order for two crude tankers while the shipyard was not yet existing. In 1972, Hyundai started to build a shipyard in Dusan and two years later, in 1974, the two tankers were delivered. Then […]
Jizan Refinery to be shared between seven companies Saudi Aramco made a decisive step forward in selecting the engineering companies to build the $7 billion Jizan refinery and terminal project. To balance its economical development between its different provinces, Saudi Arabia through Saudi Aramco had selected the city of Jizan, also called Jazan, on the southern coast […]
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 […]
Technip and Heerema to build and install Malikai TLP With Malikai, Shell and its partners ConocoPhillips and Petronas are on the way to install the first tension leg platform (TLP) in Malaysia. Through the joint venture Sabah Shell Petroleum Company, Shell and its partners selected the TLP solution from the conceptual study because of the high capabilities of this type […]
$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…) – […]
Petrobras expects first series of vessels in 2014 – 2015 On end of last year Petróleo Brasileiro S.A. (Petrobras) signed contracts for chartering six pipelay support vessels (PLSVs) for the development of the pre-salt oil and gas fields in the Santos Basin, offshore Brazil. Representing a total of $2.9 billion chartering contracts, these new-build pipelay vessels were […]
Setting the standard in drilling The actual Seadrill assets results from the consolidation of several companies operating in the offshore drilling sector. Registered in Hamilton, Bermuda Islands, in 2005, Seadrill Limited (Seadrill) is listed in Oslo and New York Stock Exchanges. One of the major Seadrill’s acquisition relies on the Norwegian Smedvig asa in 2006. […]
