North America.
ExxonMobil to boost oil sand production in Canada Through Imperial Oil Ltd (Imperial Oil), ExxonMobil is planning to double upstream production capacity in Canada in the period 2010 – 2020 supported by $30 to $40 billion capital expenditure. Imperial Oil is an ExxonMobil company based in Calgary and operating oil and gas production, refining and petrochemical […]
CNOOC and Sinopec target Nexen and Talisman assets July 23rd 2012, the Chinese CNOOC Ltd (CNOOC) announced to have signed an Arrangement Agreement with Nexen for the acquisition of the Nexen shares listed in Toronto and New York Stock Exchanges. The aggregate value of the proposed acquisition is approximately $15.1 billion on the top of which […]
Sojitz, SDK and Toray multiply strategic initiatives While the biggest oil and gas producing countries in Middle-East, Russia and North America are expanding their petrochemical industry downstream towards high added value hydrocarbon products, Japan seems to investigate another route through chemical local companies building up Market Leadership on bio-plastics. The global market for bio-plastics was […]
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 […]
Definition Methanol is the contraction of Methyl Alcohol. Methanol may also be called, wood alcohol or wood spirit because it can be produced as a by-product of the wood distillation. Methanol is a light, colorless, flammable liquid at room temperature, and contains less carbon and more hydrogen than any other liquid fuel. Comments Methanol occurs naturally […]
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 […]
Definition Liquefaction refers to the physical transformation of gas into liquid. In the oil and gas industry this liquefaction of gas may be processed just by compression, just by refrigeration, or both in combination depending on the gas. Comments In most of the cases the gas liquefaction is performed for storage and transportation purpose. Previous […]
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 […]
