Oil news
Sibur to provide Sinopec with patents and technologies China’s top refiner China Petroleum and Chemical Corporation (Sinopec) has signed an agreement with Russian petrochemical Group Sibur to establish a joint venture in Shanghai, China, to produce synthetic rubber. The joint venture will use patents and technologies from Sibur to produce nitrile butadiene rubber (NBR) and isoprene rubber […]
Foster Wheeler, Jacobs, KBR, Mustang and SNC Lavalin signed GES+ contracts with Saudi Aramco Saudi Aramco’s General Engineering Services Plus (GES+) initiative requires that the majority of its engineering services requirements be conducted in the Kingdom of Saudi Arabia in order to enhance the development of training and domestic employment opportunities. With the GES+ initiative, […]
Definition GCC Countries refers to the countries supporting this Gulf Cooperation Council whereas GCC is the acronym for Gulf Cooperation Council or Gulf Co-operation Council. The six GCC Countries are: – Bahrain – or Kingdom of Bahrain – Kuwait – Oman – or Sultanate of Oman – Qatar – Saudi Arabia – or Kingdom of Saudi Arabia (KSA) – UAE – […]
Fujairah refinery, a strategic project for the UAE International Petroleum Investment Company (IPIC) is moving ahead with the crude oil refinery project to be located at Fujairah, UAE. The Fujairah refinery, should have a capacity of 10.0 million t/y or 200,000 b/d. IPIC estimated the capital expenditure at $ 3 billion. The Fujairah refinery project should be […]
Carbon dioxide injection to boost Adma-Opco oil fields Abu Dhabi Marine Operating Company (Adma-Opco) is Abu Dhabi National Oil Company (ADNOC)‘s subsidiary to explore and produce oil and gas from the offshore areas of the Emirate of Abu Dhabi, UAE. If the Abu Dhabi Emirate is rich of oil reserves, it has always been short of gas. […]
Definition GES+ is the acronym of General Engineering Services Plus. General Engineering Services Plus is an initiative led by Saudi Aramco to increase the local content of the engineering activities in Saudi Arabia Comments Saudi Aramco’s General Engineering Services Plus (GES+) initiative requires that the majority of its engineering services requirements be conducted in the Kingdom of Saudi Arabia in order […]
Gazprom to study underground gas storage in China Last May, China and Russia had terminated lengthy negotiations on their natural gas trading prices to drive the constructions of multiple gas pipelines between the two countries. China had made its best efforts to increase its offer from $0.235 per cm to $0.250 while Russia was ready to accept $0.300 per cm instead of $0.350. But the […]
Granherne and Doris complete pre-FEED The GDF Suez Bonaparte is a $3.7 to $4.6 billion Floating LNG project to liquefied the natural gas from the Petrel, Tern and Frigate fields in the Bonaparte Basin, in the Timor Sea, 250 kilometres west of the northern Australian city of Darwin. GDF Suez Bonaparte is a joint venture created in 2009 […]
