joint venture
Philadelphia Refinery to rely on Marcellus shale gas Last year Sunoco Inc (Sunoco) had announced to close the Philadelphia refinery in Pennsylvania, USA, on summer 2012 if no buyer could be found in the meantime. But the development of the shale gas in USA much faster than expected and in very competitive conditions offers a […]
Air Products to purchase 67% of Indura for $884 million Headquartered in Santiago, Chile, Indura S.A. is the largest independent industrial gas company in South America. In buying 67% majority stake in Indura, Air Products gets access to twelve countries within the second most dynamic region in term of GDP, just after the leading Asia. […]
Enterprise to leverage its midstream Market Leadership with booming downstream in USA Enterprise Products Partners L.P. (Enterprise) is planning to build one of the world’s largest Propane DeHydrogenation (PDH) unit and Polymer Grade Propylene (PGP) unit in Texas, USA. These PDH and PGP projects are directly related to profitable development of NGL-rich natural gas production. With […]
Gazprom brings Shtokman back to square one Shtokman field was discovered in 1988, and is located 550 kilometers offshore northern Russian coast by 340 meters water depth. The recoverable reserves are estimated to 3.9 trillion cubic meters of natural gas. The project development is planned in three phases, each one to produce 23.7 billion cubic […]
EDF reported to join Novatek and Total in Yamal LNG EDF may join OAO Novatek (Novatek) and Total in Yamal LNG since the project has been declared of national interest by the Russian authorities for fast-track implementation. Russia is now willing to boost its oil and gas exploration and production to compensate depleting fields and […]
Petronas to pay $5.3 billion Progress Energy Resources The Malaysian NOC Petronas and the Canadian Progress Energy Resources (Progress) have signed an agreement for a friendly takeover of Progress by Petronas. The integration will be done through Petronas Canada to remain based in Calgary, Alberta, for upstream with commercial office in Vancouver,BC, for LNG. The […]
Fujairah builds the third world biggest oil storage hub The Strait of Hormuz is channelizing 35% of the global oil maritime traffic. In a context of increasing tension with the neighboring Iran, Fujairah in the UAE is developing one of the biggest oil storage and export terminal in the world. The storage capacity of the […]
PetroChina to secure its oil supply chain from Athabasca Fort McMurray to Kitimat, BC Step by step the China National Petroleum Company (CNPC or PetroChina), is putting in place all the pieces of its upstream puzzle from Athabasca, Alberta oil sands fields to Kitimat, BC. In 2011, PetroChina payed $1.9 billion capital expenditure to Athabasca Oil […]
