Oil & Gas and Petrochemical
Definition: “Shale gas” is the name given to natural gas accumulation is locked in tiny bubble-like pockets within layered sedimentary rock such as shale. Comment: “Shale gas” is usually found in compact, low-permeability rocks deep beneath the surface. Reserves of this gas are very substantial and well distributed over the globe: they are estimated to represent […]
“Downstream” covers all the chain of transformations of the oil or gas after the transportation (Midstream). It begins with the refining and it continues with all the cracking operations of the petrochemical industry to produce all the chain of chemical products (Ethylene, Polyethylene, Propylene, Polypropylene, etc…) Comments: By comparison with the “Upstream” (Exploration & Production) […]
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 […]
