Construction
Aramco, Total sign Jubail refinery financing
SAUDI Aramco and Total have closed a low-cost, $8.5bn project financing for Saudi Arabia's Jubail export refinery. Signed in late June, the deal – the first project financing in Saudi Arabia to feature an Islamic bond – was comfortably oversubscribed, receiving commitments for over $13.5bn. The financing covers 70% of the total project cost; the remainder will be funded directly by the sponsors, working together as Saudi Aramco Total Refining & Petrochemical's (Satorp), of which Aramco holds 62.5% and Total the remainder.
Jacobs receives contract for European copolymer manufacturing facility
Jacobs Engineering Group Inc. has a contract with The Dow Chemical Co. to provide engineering and construction management services for the expansion of Dow’s facility in Fombio, Italy. The expansion will accommodate the manufacturing of uniform particle size (UPS) copolymers to be used in ion exchange resins.
Foster Wheeler working on Kårstø life extension project in Norway
Foster Wheeler AG’s Global Engineering and Construction Group has entered into a framework agreement, awarded by Statoil, acting on behalf of Gassco AS as operator for the Gassled joint venture, ..
Syntroleum announces Geismar plant completion
Syntroleum Corp. says the new Dynamic Fuels plant that will produce high quality renewable fuels from animal fats and greases is mechanically complete, and work is now underway to prepare for the start of operations.
Criterion Catalysts & Technologies opens manufacturing facility in Louisiana
Criterion Catalysts & Technologies L.P., officially opened its catalyst manufacturing facility in Port Allen, Louisiana. The event featured dignitaries including Louisiana Economic Development (LED) S..
Refinery and petrochemical construction costs continue steady rise
The costs for designing and constructing downstream refining and petrochemical projects rose 1.5 % from Q3 2009 to Q1 2010, according to the latest edition of the IHS CERA Downstream Capital Costs Ind..
Materials market update: Opportunities in a challenging economy
As companies emerge from the downturn, new capital project models will be vital
KBR and Petrobras come together for ammonia project
KBR has a contract with Petrobras to provide licensing, basic engineering and extended basic engineering, and technical consulting services for the development of a grassroots ammonia plant in Tres La..
Mustang selected for North Dakota refinery study
Mustang, is partnering with Corval Group to study the feasibility of increasing oil refining capacity in North Dakota.
HP Construction: Industry Developments
HPI continues global growth cycle
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
