Middle East
ITT lands global deal to supply pumps for Shell
ITT announced an agreement with Shell Global Solutions in which ITT’s Goulds Pumps brand will provide American Petroleum Institute (API) centrifugal pumps to support Shell operations worldwide. The deal is for five years with an option for an additional five years. Financial terms were not disclosed.
Shell eyes East Africa LNG, makes Cove Energy bid
Anglo-Dutch oil major Royal Dutch Shell on Wednesday proposed to buy all the shares of UK-listed Cove Energy, marking the company's first foray into Kenya and Mozambique. Shell is one of the world's largest LNG producers with equity sales volumes of 18.83 million tpy of LNG in 2011.
IEA says Europe can handle loss of Iranian oil
The EU could handle a sudden end to imports of Iranian oil because of changes already being made due to the coming ban on Iranian shipments, an IEA official said. But the official also warned that the standoff has the potential to hurt the global economy by pushing oil prices higher.
Greek refiner Motor Oil Hellas no longer buying Iranian crude
Greek refiner Motor Oil Hellas is no longer buying Iranian crude, and has not done so for some time, a person at the company told Dow Jones Newswires Monday. Motor Oil Hellas is one of two major refiners in Greece and is able to process more than 180,000 bpd of oil.
Taiwan considers reducing crude imports from Iran
Taiwan is considering cutting imports of crude oil from Iran in cooperation with US and European efforts to choke off Iran's oil revenue over the nation's nuclear program, a foreign affairs official said Thursday. The US has held talks with several of its Asian partners about the effort to cut off Iran's oil exports.
Flowserve Abahsain JV opens valve manufacturing plant in Saudi Arabia
Flowserve Corp. and Saudi Arabia’s S&A Abahsain Co. have formally inaugurated a new valve manufacturing plant and training center in the Dammam Second Industrial City. The facility is operated by Flowserve Abahsain Flow Control Co.a joint venture of Flowserve and S&A Abahsain.
Aramco, Dow award EPCm deal to Foster Wheeler for Saudi propylene oxide unit
Foster Wheeler has been awarded an engineering, procurement and construction management (EPCm) contract from Saudi Aramco and Dow Chemical for a propylene oxide (PO) unit at Jubail Industrial City in Saudi Arabia. The unit should be completed during the first quarter of 2015.
SABIC, Sinopec in talks with Trinidad to build $5.3bn methanol complex
SABIC and Sinopec have agreed to start negotiations with Trinidad and Tobago to possibly build a $5.3 billion methanol complex in that country. Last month Sabic signed a protocol of cooperation with Sinopec to explore new business opportunities.
Honeywell opens automation training hub in Dubai
Honeywell on Monday announced the opening of a new facility in the United Arab Emirates (UAE) to strengthen customer support in the Middle East for its process solutions and scanning and mobility businesses. The facility will provide closer proximity to customers and prospects in the Middle East,
Halliburton, Petronas form partnership to develop global shale resources
Halliburton and PETRONAS Carigali have signed an agreement for the evaluation and development of global shale resources, the companies said on Friday. They plan to set up a shale technical center in Kuala Lumpur, Malaysia, which is where the deal was signed.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
