Lump Sum Turn Key (LSTK) Contract
Did you see the Oil & Gas and Petrochemical Market Shift and Upturn?
The volume of Oil & Gas and Petrochemical engineering, procurement and construction (EPC) contracts awarded in 2018 is about to double compared with 2017 as a consequence of the market shift from the international oil companies (IOCs) to the national oil companies (NOCs) and independent companies.
Mustang-Hejailan-DAR-PI signed Shoaiba project FEED Saudi Aramco selected Mustang Engineering and its local partners Faisal Jamel Al-Hejailan Engineering Company (Mustang Hejailan), Dar Al-Riyadh Engineering Consultants (DAR) and Petro-Infrastructure Engineering Consultants Company (PI Consult) for the front end engineering and design (FEED) contract of the Shoaiba Terminal project. Located in the southwest of Saudi Arabia on the Red Sea […]
M&G to invest $1 billion in PET and PTA plants in USA The Italian company Mossi & Ghisolfi Gruppo (M&G Group) made the final investment decision (FID) for to build a greenfield polyethylene terephthalate (PET) and purified terephthalic acid (PTA) plants in Corpus Christi in Texas, USA. M&G Group is a wholly owned family company with […]
SAAC leads partners to award $500 million NBA EPC Saudi Acrylic Acid Co (SAAC) and its partners, Saudi Kayan Petrochemical (Saudi Kayan) and Sadara, are reaching the last stage of the bids clarifications submitted by the engineering companies for the n-butanol (NBA) project planned in Al Jubail Industrial City. This n-Butanol plant is a greenfield project where many parties are involved […]
Ohio Valley to build $1 billion ammonia-urea plant Ohio Valley Resources LLC (OVR) awarded KBR for the license and the front end engineering and design (FEED) contract of fertilizer project in Indiana. As part of the FEED contract, KBR is also mandated to the call for tender of the engineering, procurement and construction (EPC) contract […]
QP to double and upgrade Ras Laffan Refinery Qatar Petroleum (QP) and its partners, ExxonMobil, Total, Cosmo Oil Company (Cosmo), Idemitsu Kosan Company (Idemitsu), Mitsui & Company (Mitsui) and Marubeni Corporation (Marubeni) are moving on the Ras Laffan Refinery expansion project, also called Ras Laffan Refinery phase 2. Decided in 2003 and commissioned in 2009 […]
Shale gas boosts OCI into Iowa biggest investment ever The Iowa Fertilizer Company (IFC) a subsidiary of the Egyptian company Orascom Construction Industries (OCI) made the final investment decision (FID) to build a world-scale fertilizer plant in Iowa, USA. OCI selected the location near Wever, in the Lee County, southeastern Iowa, to develop its greenfield […]
Anadarko sold 7.2% Lucius stakes to welcome Inpex Anadarko Petroleum Corp. (Anadarko), formaly Kerr-Mc Gee, and its partners, Apache, Eni, ExxonMobil, Petrobras and Plains Exploration & Production (PXP), had sanctioned the development of the Lucius project in December 2011. In July 2012, Anadarko sold 7.2% of its interests in Lucius to Teikoku Oil, a wholly owned Inpex […]
