Petrochemical

CNOOC and Petronas to acquire Nexen and Progress On December 7th, 2012, Canada Prime Minister John Harper announced the approval for two national oil companies China National Offshore Oil Company (CNOOC) and Petronas from Malaysia to acquire respectively:  – Nexen Inc. (Nexen)  – Progress Energy Resources Corp. (Progress) For Nexen, CNOOC is ready to pay $15.1 […]

Sasol to prioritize US GTL on Canada GTL project  In a press conference in Louisiana, Sasol’s chief executive officer, David Constable, confirmed the decision of the board to move on the front end engineering and design (FEED) stage of the first Gas-To-Liquids (GTL) project to be built in USA. To be located in its site […]

The Vopak Way: 75 global operational standards Headquartered in Rotterdam in The Netherlands, Royal Vopak (Vopak) is the world largest independent storage and handling operator of oil and gas and petrochemical products. Established in 1999 from the merger between Pakhoed and Van Ommeren, Vopak operates 84 terminals in 31 countries with a global storage capacity […]

SABIC and Vopak to build $400 million storage facility Saudi Basic Industries Corporation (SABIC) and Royal Vopak (Vopak) signed Heads of Agreement (HoA) to form a joint venture to build new storage facilities in the Al Jubail Terminal on the east coast of Saudi Arabia. The joint venture between SABIC and Vopak should be established under […]

Strength-Stability-Growth Headquartered in Calgary, Alberta, Veresen Inc. (Veresen) is the former energy infrastructure company Fort Chicago Energy Partners L.P company, established in 1997. Listed in Toronto, Ontario, Canada, Veresen changed named from Fort Chicago Energy Partners L.P. in January 2009. As energy infrastructure company, Veresen is running three businesses:  – Pipelines  – Midstream  – Power  The pipelines […]

To be a world-leading Energy and Chemical Company China Petrochemical Corporation (Sinopec Group) was established in July 1998 on the basis of the former China Petrochemical Corporation. Sinopec Group is a state wholly owned company with Headquartered in Beijing, China and a registered capital of RMB 182 billion ($30 billion). As a state-owned company, Sinopec Group […]

Largest petrochemical company in Russia and CIS The Siberia Urals Petrochemical Company (SIBUR) was established by Decree as a joint-stock company in 1992. SIBUR was formed from multiple entities processing oil, gas and petrochemicals across Russia. In 2001, SIBUR was taken over by Gazprom to resolve debts reorganize the company. In 2008, Gazprom considered the petrochemical […]

A leading Asian exploration and production company Home based in Bangkok, Thailand, PTT Exploration and Production Public Company Limited (PTTEP) was established in 1985 to provide Thailand with sustainable oil and gas supply in competitive conditions. PTTEP is a national petroleum exploration and production company owned by the state-owned company PTT, but since 1993, PTTEP […]