Oil news
$350 million to acquire Dubai’s NPS Energy 21 May 2012 – Aker Solutions has agreed to acquire NPS Energy, which is part of oil field services company National Petroleum Services. NPS Energy has a strong presence in the Middle East and North Africa, which combined hold approximately 60 per cent of the world’s proven oil […]
Definition Long lead item refers to the equipment, product or system that is identified at the earliest stage of a project to have a delivery time long enough to affect directly the overall lead time of the project. Comments The long lead items are common in the oil & gas and petrochemical industry because of […]
KNPC to pre-qualify EPCs for CFP and NRP projects Expected on June 13th, the state-owned oil refiner Kuwait National Petroleum Co (KNPC) has decided to postpone to July 4th the dead line for the engineering companies to submit their expression of interest (EOI) for the calls for tenders to be issued for the multiple engineering, procurement and construction […]
Adma-Opco to spend $50 million to reduce carbon footprint. Abu Dhabi Marine Operating Company (Adma-Opco) is majority-owned by Abu Dhabi‘s state oil firm ADNOC with BP, Total, Inpex and Japan Oil Development Company as other share holders. Adma-Opco is the operator of the Das Island offshore oil and gas hub. In order to reduce the carbon footprint of […]
Definition EPT stands for Ethylene Propylene diene Terpolymer. ETP is the co-polymer of ethylene, propylene and diene EPT is also called EPDM by reference to Ethylene Propylene Diene Monomer Comment The primary synthetic rubbers include nitrile, isoprene, styrene-butadiene, butyl, chloroprene, polysulfide, silicone, urethane and ethylene propylene diene terpolymer (ETP) or Ethylene Propylene Diene Monomer (EPDM) The synthetics […]
From Shale gas to Polyolefins ExxonMobil implements its integrated business model The Houston based Exxon Mobil Corp. is considering a multi-billion-dollar expansion of its giant petrochemical complex in Baytown, Texas, USA. ExxonMobil, like Chevron, Dow Chemicals or Shell, is looking to take advantage of a surplus of natural gas that’s pushed Henry hub prices near 10-year lows […]
Offshore Exploration and Production ban counts days Soon after the Macondo incident, Italy proposed a moratorium that came into force in August 2010. Italy’s Legislative Decree No. 128/10 (known as DL 128) prohibited offshore exploration and production activities involving liquid hydrocarbons within 5 miles of the Italian coast. In addition, offshore drilling activities located within […]
Definition FPSO is the acronym of Floating Production Storage and Offloading. A FPSO unit is a floating vessel used in the oil and gas industry to treat the oil and gas and condensates offshore before their transportation to the land by pipeline or shuttle vessels. Comments The FPSO is a multi-functions vessel for the processing of the oil […]
