India
The national India Oil & Natural Gas Corporation (ONGC) is a major local offshore drilling rigs operator and still intends to do so as to support the off Eastern India Oil & Gas fields development. With more than 120 blocks to explore, ONGC will have to ramp up its drilling rigs fleet. Most of its […]
With more than $75 billion Capital Expenditure to be invested in drilling rigs in the next 5 years, the pipeline of business opportunities in drilling rigs has never been so loaded according to Upstream, the Norwegian Oil & Gas newspaper. From their well documented analysis published in March about the drilling rigs, Upstream explains how this industry should break another historic […]
Reliance Industry Ltd (RIL) and Sibur have decided to invest $450 million in a Butyl Rubber production unit at Jamnagar, India. To do so, RIL and Sibur have created a (74.9%/ 25.1%) joined venture called Reliance Sibur Elastomers Pvt Ltd. This new Butyl Rubber facility will have a capacity of 100 000 t/y and will […]
On October 1st, 2011 , Basf and Ineos created officially a 50/50 joined venture called Styrolution to merge and promote all their Styrene activities. As a result Styrolution is the only one of the key players dedicated entirely to styrenics, and a strong leader in the market. It holds global number one positions in styrene monomer […]
Haldia Petrochemicals Ltd (HPL) is a competitive modern naphtha based Petrochemical Complex located 125 kms from Kolkata, at Haldia, West Bengal, India. HPL is the second largest petrochemical industry in India with a total capacity equivalent to 7, 00,000 TPA of ethylene. Now HPL is planning a $1 billion (Rs 4,000 crore) capital expenditure project over […]
Definition: The “NOC” acronym means “National Oil Companies” and refers to the local oil producing companies owned by their respective government. Therefore there are nearly as many “NOCs” as countries in the world, but the most famous ones are: Saudi Aramco, Gazprom, Statoil, Petrochina, Sinopec, Petrobras, ADNOC, Qatar Petroleum, etc…. Comment: Historically the “NOCs” used […]
