Oil & Gas and Petrochemical
Petronas Chemical Group (PCG) is planning to build a US$20 billion RAPID (Refinery and Petrochemicals Integrated Development) plant in Pengerang, Johor, Malaysia, which borders Singapore, — the largest oil trading hub in Asia. The project is key for grabbing a larger share in the $395 billion global market for specialty chemicals — high value raw materials used in […]
Petronas and Basf have taken the next steps in the development of the previously announced RM4 billion investment that will expand their partnership in Malaysia, involving projects at their existing venture in Kuantan and at a new site within Petronas’ proposed Refinery & Petrochemical Integrated Development (RAPID) complex in Pengerang, Johor. These projects are to be […]
Definition: In the Oil & Gas and Petrochemical sector, “Midstream” refers to all the phase of transportation from the production locations to the transformation locations. Typically, by “Midstream” we should understand pipelines, vessels and all types of carriers such as trains or trucks. With the evolution of the gas to wire technology (GTW) we should […]
Definition: “Upstream” refers to the flow of oil or gas coming up from the reservoir to the surface. By extension “Upstream” has been adopted by the Oil & Gas industry to nominate all activities to pump up the oil and gas. It starts from the exploration to find new reserves onshore or offshore, covers all […]
The Chinese Shenua coal mining company selected the LyondellBasell’s Lupotech T process for its new Coal To Olefins (CTO) project planned in Yulin, Shaanxi Province, China. With this technology Shenua intend to produce 300 000 t/y of Low Density Polyethylene (LDPE) and Ethylene Vinyl Acetate (EVA). Shenua is the biggest coal producer in China and one […]
Definition: “IOC” is the acronym of International Oil Company and nominates the Oil & Gas companies which are privately owned and operate globally. Comment: The most well-known “IOCs” are ExxonMobil, ChevronTexaco, BP, Shell, Total, ConocoPhillips. They are also called the “Major Companies” or simply the “Majors” as they are the biggest petroleum companies in the […]
The State Oil Company of Azerbaijan (SOCAR) has invited local and foreign companies in Baku in April to build the partnerships around this $15 billion oil & gas and petrochemical complex in Baku, Azerbaijan. The project includes a: 10 million t/y refinery including 20 processing units 10 billion cum/y gas processing plant of ethane, propane, […]
Apache has awarded GE Oil & Gas a $150-million contract for subsea equipment, including project management, engineering and procurement, for the Julimar development offshore Western Australia. The GE equipment for the Julimar includes subsea manifolds, well systems, and integrated subsea and topside control systems. Shipments will begin in June 2013 with installation starting in 4Q […]
