BP claims force majeure for the delivery of the FLNG vessel for the Greater Tortue FLNG project in Africa.
BP appears to be the first company to state force majeure in the wake of the coronavirus effect with the requested delay of the floating LNG vessel for its Greater Tortue LNG project offshore of Africa.
April 9, 2020Continue reading...ExxonMobil responds to the coronavirus pandemic with an initiative to make personal protection equipment for health care workers
ExxonMobil and the Global Center for Medical Innovation (GCMI) recently announced a joint project to quickly redesign and manufacture reusable personal protection equipment (PPE) health care community.
April 9, 2020Continue reading...Energy Transfer takes over development of the Lake Charles LNG export project
Energy Transfer recently announced that it will take over the development of the Lake Charles LNG export project in Lake Charles, Louisiana as Shell has plans to leave the 50/50 joint venture.
April 2, 2020Continue reading...New propane dehydrogenation (PDH) and polypropylene (PP) plant planned in Saudi Arabia
Even as many projects around the globe have begun to delay or cancel, Saudi Arabia’s Advanced Global Investment Company (AGIC) and SK Gas Petrochemical (SKGP) of South Korea have formally signed on to construct and operate a new PDH/PP plant.
April 2, 2020Continue reading...ExxonMobil considers reductions in both capex and opex
ExxonMobil has reportedly begun near term expenditure cuts as pandemic driven market conditions have persisted, with finalized plans yet to be announced.
March 25, 2020Continue reading...Shell ceases construction of $6 billion ethane cracker due to coronavirus factors
Shell recently announced it has suspended construction of its planned ethane cracker in Potter Township, Pennsylvania.
March 25, 2020Continue reading...Feed gas begins flow to Freeport LNG Train 3 – commercial startup imminent
Engineering, design and construction (EPC) partners McDermott, Chiyoda and Zachry announced recently that the third train on Quintana Island in Freeport, Texas has begun the introduction of feed gas.
March 17, 2020Continue reading...Pertamina explores the relocation of its $10 billion grass roots refinery
Indonesia’s state energy company PT Pertamina is making possible plans to relocate its Bontang Grass Roots refinery in East Kalimantan with the recent news of Overseas Oil and Gas (OOG) of Oman leaving the project.
March 17, 2020Continue reading...Trafigura joins forces with Phillips 66 for new Gulf Coast export terminal
Trafigura of Geneva announced last week that it formed a joint venture with U.S. refiner Phillips 66 for the addition of a major deep-water export terminal.
March 12, 2020Continue reading...Train 2 of the Cameron LNG project in Hackberry, Louisiana begins commercial operations
McDermott International announced last week that the Cameron LNG project in Hackberry, Louisiana had begun commercial operations at the project’s second of three planned trains.
March 12, 2020Continue reading...
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Business Trends: Asia and Europe join the feedstock evolution with steam crackers
From the April 2018 issue of Hydrocarbon Processing