global markets

Ineos Technologies for Rosneft’s VNHK Nakhodka project

Vostochnaya Neftechemicheskaya moves on Nakhodka petrochemical complex project ZAO Vostochnaya Neftechemicheskaya (VNHK) is fully owned  OJSC NK ROSNEFT (Rosneft) company created in 2011 to develop a petrochemical complex in Primorsky region, near Pervostroiteley settlement of Nakhodkinsky urban district. Nakhodka is located in the Vladivostok region, in the East of the Russian Federation.  Rosneft’s VNHK is planning …

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$1.5 billion Methanol and Urea plant in Tanzania

Wentworth leads consortium with Cove Energy and Maurel & Prom The Dubai-based Wentworth Resources (Wentworth) is an independent oil and gas company with natural gas production and a committed exploration program in the Rovuma Basin of southern Tanzania and northern Mozambique. Wentworth and its concession partners Cove Energy (Cove) and Maurel & Prom own a gas …

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Ma’aden rethinks its strategy for the $6 billion Phosphates city project

Ma’aden awards FEED and reconsiders PMC contracts Although the PMC contract for the Ma’aden Phosphate city project was intended to be awarded together with the FEED contract to Jacobs, Ma’aden has decided finaly to separate both contracts. Ma’aden Phosphate Company (MPC) is a joint venture with SABIC in which the Saudi Arabian Mining Company (Ma’aden) owns 70% and SABIC 30%. The Al Khabra Project, …

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Mozambique battle intensifies between Shell and PTT

PTTEP bids above $1.9 billion cash to acquire Cove The state owned company PTT Exploration and Production Public Company Ltd (PTTEP) announced the terms of its new offer in cash to acquire the entire issued and to be issued share capital of Cove Energy plc. Since Shell and PTTEP from Thailand were competing to take over Cove Energy (Cove), Shell had made a first offer …

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Kogas, Mitsubishi, PetroChina and Shell announce LNG Canada

After Kitimat LNG, LNG Canada will boost LNG Export Shell Canada Limited, Korea Gas Corporation (KOGAS), Mitsubishi Corporation (MC), and PetroChina Company Limited (PetroChina or CNPC) today announced they are jointly developing a proposed liquefied natural gas (LNG) export facility near Kitimat, British Columbia,Canada. The demand for natural gas, the cleanest burning fossil fuel, remains …

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We simplify you the Oil & Gas and Petrochemical market conquest  Introduction The  Oil & Gas and Petrochemical market is huge, more than $500 billion capital expenditures (CAPEX) per year. In this context, 2B1st Consulting is mobilizing experts from the Oil & Gas and Petrochemical industry together with communication specialists to provide a comprehensive view of this market and make it easy to win …

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