Foster Wheeler Signs Alliance Agreement with OMV
Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has signed an alliance agreement with OMV to provide integrated project management and engineering, procurement and construction management services.
March 25, 2014Continue reading...Gazprom likely to cut European gas price to delay rival projects
OAO Gazprom, the biggest supplier of natural gas to Europe, will probably reduce the price it charges its European buyers in a bid to defer competitors such as Azerbaijan’s Shah Deniz project, Societe Generale SA said.
March 24, 2014Continue reading...Canada approves Pieridae’s Goldboro LNG exports
Pieridae Energy Canada reported that Canadian officials have issued environmental assessment (EA) approval, with conditions, for the proposed Goldboro LNG project.
March 24, 2014Continue reading...Phillips 66 mulls new splitter at Texas refinery
Phillips 66 could soon build a new condensate splitter at its Sweeny refinery in Texas. The splitter would provide feedstock to run more downstream process units at full capacity.
March 24, 2014Continue reading...Eastman Chemical expands 2-EH capacity in Texas
The expansion will increase capacity by approximately 20,000 metric tons/year. Eastman Chemical says it expects to complete the expansion in the fourth quarter of this year.
March 21, 2014Continue reading...UOP to supply technology, equipment for Pakistan Refinery clean fuels
In addition to licensing and modular equipment, UOP will provide catalyst, adsorbent, engineering, technical support and a drier regeneration control system for extended catalyst life for PRL’s Penex unit, which will process 5,000 bpd of light naphtha. The unit is expected to start up by mid-2015.
March 21, 2014Continue reading...China’s crude processing rises to record as two new refineries start
Processing in the world’s second-largest oil consumer rose 5.3% from a year earlier to 40.17 million metric tons, according to data from the National Bureau of Statistics in Beijing. That’s equivalent to 10.52 million bpd, exceeding the previous high of 10.2 million bpd in December 2012.
March 20, 2014Continue reading...Dow Chemical boosts planned sales by $1.5 billion
Dow Chemical plans to sell assets worth $4.5 billion to $6 billion by the end of 2015, up from an Oct. 24 target of $3 billion to $4 billion, CEO Andrew Liveris said today on a webcast.
March 20, 2014Continue reading...Marubeni reached agreement with GDF SUEZ for offshore LNG receiving terminal project
Marubeni Corporation (Marubeni) has reached agreement with GDF Suez (France) on participation in the offshore liquefied natural gas (LNG) receiving terminal project in Uruguay for providing the LNG receiving, storage and regasification service (Project) which GDF Suez, through its affiliate International Power S.A. (Belgium, IPSA) has been developing, and has executed the Shareholders Agreement.
March 19, 2014Continue reading...BP considers building a $1bn petrochemical plant in Oman
British oil giant BP is negotiating with the Oman government to build a large petrochemical plant in Duqm, with an envisaged investment of over $1 billion, to manufacture acetic acid using a patented technology.
March 19, 2014Continue reading...