Poland

BASF to invest $1 billion in Germany Ludwigshafen expansion

BASF awards Fluor Ludwigshafen TDI EPCM contract On February 19th 2013, the Germany-based BASF chemical company selected the Fluor from the USA to provide engineering, procurement and construction management (EPCM) services for the new toluene diisocyanate (TDI) production in the Ludwigshafen chemical complex. Ludwigshafen is already one of the largest chemical complex in the world …

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Shell to break Gazprom gas monopoly in Ukraine

Shell and Ukraine signed $10 billion deal in Davos Shell‘s Chief Executive Officer, Peter Voser, and Ukraine’s President Viktor Yanukovich took the opportunity of the World Economic Forum in Davos to sign a $10 billion agreement to develop shale gas resources in Ukraine. Last May 2012, Ukraine had selected two major international oil companies, Chevron …

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Sibur in brief

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 …

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BASF buys and increases capacity in Toluene Diisocyanate (TDI)

BASF to take parts of Poland Ciech’s TDI business On October 2012, the Ludwigshafen, Germany-based, BASF, acquired parts of Ciech Chemical Group’s (Ciech) Toluene Diisocyanate (TDI) business. This announcement comes in the same time as BASF is currently building the world largest single train TDI plant in Europe. BASF is a global leader in the …

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E&P capital expenditures to exceed $700 billion in 2013

IFP Energies Nouvelles sees CAPEX to grow by 13% Based in Paris, France, the Institut Français du Pétrole et de Energies Nouvelles (IFP Energies Nouvelles) published on October 8th its last survey about the capital expenditure in the exploration and production and in refining. Published every year this survey gives an overview of the main …

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ENI increases acreage in Polish and Ukrainian shale gas

After Polish Baltic Basin ENI goes to Ukrainian Dniepr-Donetz and Lviv Basins In 2010, the Italian Major IOC Eni had acquired Minsk Energy Resources to become operator of three licences in the Polish Baltic Basin, a highly prospective shale gas play located in the north-east of Poland. In Poland ENI could deploy the expertise in shale …

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ONGC and ConocoPhillips sign MoU for shale gas in India

Oil and Natural Gas Corporation Limited (ONGC), India and ConocoPhillips, USA, have signed on March 30th a Memorandum of Understanding (MoU) to co-operate and develop the shale gas resources in India, North America and elsewhere besides deep water opportunities in Eastern offshore India.  The unprecedented growth of shale gas in the USA has generated new hopes …

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