Oil news
Tsusho takes 32.5% of Encana’s Coalbed Methane Toyota Tsusho Corporation (Tsusho) has reached an agreement with Encana Corporation (Encana), Canada‘s largest natural gas producer, to acquire a 32.5% interest in a coalbed methane (CBM) project. Tsusho will pay C$602 million to acquire the interest and in capital expenditure over the coming seven years. Tsusho has […]
UOP provides Propane Dehydrogenation Technology Zhangjiagang Yangzi River Petrochemical Co. Ltd is a joint venture between: – New Oriental Energy Co., – Huachang Chemical Co. – Feixang Chemical Co (a Rhodia‘s subsidiary). Zhangjiagang is located in the Jiangsu province, China, which is about 110 km from Shanghai. This large scale project is to meet the growing demand in […]
Framo Engineering is now part of Schlumberger to create a subsea process and boosting system capable of meeting the demands of the subsea environment and changing flow conditions over the life of a field. The Gullfaks Field is located in the central part of the East Shetland Basin in the Northern Norwegian North Sea and […]
Definition “JCC” is the acronym of Japanese Crude Cocktail or more formally Japan Customs-cleared Crude. This Japanese Crude Cocktail results from a basket of the most traded crude oils to be used as the reference price for long-term supply LNG Contracts. Japan created the JCC Contracts after the first oil shock, in the early 1970s, to secure its first […]
Sabine Pass LNG Terminal opens overseas export to Shale gas production Originally planned to be a LNG Import Terminal the Sabine Pass LNG project in Lousianna,USA, had been left in stand by for a while, until the Shale gas industry managed to put the domestic gas prices down below $4 per mmBTU with a great […]
ENI goes global in Petrochemical In the same time as ConocoPhillips revives the Phillips 66 brand to reposition its Downstream activities, ENI has decided to rename Polimeri Europa into Versalis. The new name represents a tangible sign of ENI‘s 2011 decision to relaunch its petrochemical business. Born in 1994 from the joint venture between Enichem and […]
Definition “Bio-Plastic” refers to plastic produced out of biomass as all so called bio-products. They belong to the bio-based chemical family. They may be used for industrial fibers (bio-fibers) and chemicals (bio-chemical). The bio-platics are biodegradable through composting. Some can be composted under the harsher conditions of domestic composting, while others biodegrade in the soil. Comments The […]
Versalis (ENI) and Novamont innovate with the Porto Torres bio-chemical complex Matrica Spa is a 50:50 joint venture between Versalis, previously called Polimeri Europa (the biggest Italian chemical company, a subsidiary of Eni), and Novamont (a global market leader in biodegradable plastics). Matrica has the mission to design, build and operate chemical plants using vegetable oil […]
