Oil news
PCIC Middle East Conference to take place with ADIPEC on Nov 12th & 13th 2012 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) organizes its 15th edition on November 11th to 14th 2012 at the Abu Dhabi National Exhibition Centre (ADNEC) in UAE. With more than 1,500 exhibitions and 45,000 attendees, ADIPEC is the largest exhibition in […]
Definition CPF is the acronym of Central Processing Facility. Comments In the industry CPF may refers to any kind of manufacturing process as soon as it belongs to the core of the transformation of the facility. In the Oil and Gas industry, CPF belongs to the upstream activity to described the production unit performing the […]
Badra Export pipeline and Infield pipeline awarded soon Gazprom continues to award engineering procurement and construction (EPC) contracts for the different packages of its $2 billion Badra development project. Badra oil field is located in the Wasit Province at the Southeast of Iraq. Badra is part of these giant fields that the Iraq Government intends to develop to increase […]
CB&I to broaden energy portfolio from LNG to Nuclear July 30th, 2012, CB&I and The Shaw Group (Shaw) announced to have closed a deal by which CB&I will acquire The Shaw Group. Shaw is a 25 years old engineering and services company well established as global provider of: Engineering and construction – Technology – Fabrication […]
$600 million Storage facility on Red Sea coast With the Shoaiba storage facility, Saudi Aramco expects to facilitate the distribution of the transportation fuels and petrochemical bulk across the different regions of its local market in Saudi Arabia. These transportation fuels and petrochemical bulk include mainly Gasoline, Diesel, and Benzene with a rather unbalanced consumption between Central, […]
Taipei spots Petrochemicals as a strategic sector December 2011 – In an effort to maximize the economic value of petrochemical materials and minimize carbon emission, the Ministry of Economic Affairs (MOEA) of Tawain set up the High Value Petrochemical Industry Promotion Office (PIPO) with the missions to: – Establish R&D centers – Form information platform for the strategic alliances, […]
Cheniere secured first phase Sabine Pass LNG funding In February, the private equity firm Blackstone Group LP (Blackstone) provided Cheniere Energy Partners (Cheniere) with $2 billion to finance Sabine Pass LNG Export Terminal conversion project. Since then Cheniere had appointed eight financial institutions to raise up to $4 billion in debt to complete the financing. As […]
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 […]
