Mitsui
Technip completed FEED for Ras Laffan Refinery Expansion project Since Technip completed the front end engineering and design (FEED) contract the Ras Laffan Refinery Expansion project is moving into its final bidding phase for the engineering, procurement and construction (EPC) contract with only four companies still in the competition such as selected by Qatar Petroleum (QP) and its partners, ExxonMobil, Total, Cosmo Oil […]
SINOMACH and CPC to build first Cambodia refinery On December 28th 2012, China Perfect Machinery Industry Corp (SINOMACH) and Cambodia Petrochemical Corporation (CPC) made the final investment decision (FID) to build the first crude oil refinery in the Kampong Som Petrochemical Industrial Zone along the southern coast in Cambodia. This $2.3 billion capital expenditure this […]
Mozambique Key Projects and Business Highlights In 2012 Mozambique has emerged as a new star in the oil and gas universe with series of major discoveries in the Rovuma Basin, offshore the west coast of Africa. Every month, companies like Anadarko, Eni, Total, Mitsui E&P were announcing successful test wells of natural gas. All the […]
CNPC to pay BHP $1.6 billion for 10% of Browse LNG The super giant China National Petroleum Corporation (CNPC or PetroChina) is to acquire the 10% stakes held by BHP Billiton in the $40 billion capital expenditure Browse LNG project. In practice the transaction is based on PetroChina to pay $1.6 billion to BHP Billiton for: – […]
To be a world-leading Energy and Chemical Company China Petrochemical Corporation (Sinopec Group) was established in July 1998 on the basis of the former China Petrochemical Corporation. Sinopec Group is a state wholly owned company with Headquartered in Beijing, China and a registered capital of RMB 182 billion ($30 billion). As a state-owned company, Sinopec Group […]
Mitsui, Toyo and Unico study $2 billion fertilizer project A Japanese consortium made of Mitsui, Toyo Engineering Corporation (Toyo) and the consulting company Unico International Corporation (Unico) is working on a greenfield $2 billion fertilizer plant in the South of Iraq. This project comes while the: – Houston-based engineering company KBR is revamping and expanding […]
Mozambique to join Qatar and Australia LNG exporters Anadarko Petroleum Corporation (Anadarko) and its partners Mitsui E&P, BPRL Ventures Mozambiques, Videocon Mozambique, PTTEP after acquiring Cove Energy, and Emprecia Nacional de Hidrocarbonetos (ENH), may propel Mozambique among the largest LNG exporting countries with Qatar and Australia with their Mozambique LNG project. With estimated $15 billion capital expenditure, Anadarko LNG project may […]
Shell do not revise its offer on Cove Energy against PTT Last February, Shell Exploration and Production B.V.(Shell) had made an offer on to take over Cove Energy (Cove), then the Thai National Oil Company (NOC), PTTEP came into the game with the counter offer. After different bids, both companies maintained their conditions, Shell at $0.220 per share and PTTEP at $0.240 while Coves‘ […]
