joint venture
Shaw to sell Energy & Chemicals Group (mostly Stone & Webster) to Technip On May 21st, 2012, The Shaw Group Inc (Shaw) and Technip announced to have closed a deal to the US based Energy & Chemicals Division, mostly made of Stone & Webster, to the France headquartered engineering company Technip for approximately $300 million. Under […]
Two leaders build energy Market Leadership with coal gasification Shenua Group (Shenua), from China, and GE, from USA, create the new GE Shenhua Gasification Technology Company Ltd., a 50-50 joint venture (JV) with Headquarter located in Shanghai, China. The firm will sell industrial gasification technology licenses in China, conduct research to improve cost and performance. The company has registered capital of $6 million. Patents and proceeds obtained by the joint venture will be shared evenly. The cooperation is also part of Sino-US joint efforts to develop clean energy, and gasification is a crucial component of that goal. China and USA hold respectively the first and second biggest […]
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 […]
After ExxonMobil and ENI, Rosneft extends its domino strategy to Statoil Rosneft and Statoil signed a cooperation agreement to jointly explore offshore and onshore fields in the Russian sections The cooperation agreement also provides Rosneft with an opportunity to acquire interests in selected Statoil exploration licences and assets in the North Sea as well as […]
Russian tax incentive unlock foreign investments The key factor that prompted the companies to sign the agreement was the steps taken by the Government of the Russian Federation to introduce tax incentives for offshore production, including cancelling export duties and introducing a reduced Mineral Extraction Tax rate of 5-15% depending on project complexity. The Russian Government also offered guarantees that the favourable tax regime will remain in […]
Versalis (ENI) and Novamont innovate with the Porto Torres bio-chemical complex Matrica Spa is a 50:50 joint venture between Versalis, previously called Polimeri Europa (the biggest Italian chemical company, a subsidiary of Eni), and Novamont (a global market leader in biodegradable plastics). Matrica has the mission to design, build and operate chemical plants using vegetable oil […]
