Middle East
BASF awards Technip with umbrella contract for chemical project work
Germany-based chemical major BASF awarded Technip with an umbrella contract for engineering services on its chemical and petrochemical projects. Both companies are contemplating a long-term partnership, they said, which would provide BASF access to the resources of Technip for its capital investments notably in Europe, but also in other regions.
Saudi Aramco awards Jacobs with aromatics project work at Ras Tanura refinery
Jacobs has been awarded the Ras Tanura refinery clean fuels and aromatics project, the first major project received from its general engineering and project management services (GES+) contract with Saudi Aramco, the US engineering group said on Tuesday.
Siemens completes world's largest LNG train, raises Qatar output to 77mn tonnes/year
Siemens said it has successfully completed the world’s largest onshore liquefied natural gas (LNG) compressor “mega-train” for Qatargas in the Middle Eastern country of Qatar.
ExxonMobil, SABIC award contracts for elastomers project at Saudi petchem JV
Saudi Basic Industries Corp. (SABIC) and affiliates of ExxonMobil Chemical said that front-end engineering design (FEED) contracts were awarded and that all components are in FEED phase for the proposed new elastomers project at their Al-Jubail Petrochemical Co. (KEMYA) joint venture petrochemical plant.
IEA lowers estimate for 2011 oil demand growth
The International Energy Agency (IEA) lowered its projection for global oil demand growth in 2011, falling by 190,000 bpd, or 0.2%, from an earlier estimate.
Majority of energy execs see crude exceeding $120/bbl in 2011 - survey
Energy executives expect continued volatility in the price oil for the remainder of the year, with 64% predicting crude prices to exceed $120/bbl in 2011, according to a new survey.
Oman awards contract to Chevron Lummus for Sohar refinery expansion
Oman Refineries and Petrochemicals Co. (ORPC) will use ISOCRACKING technology from Chevron Lummus Global as part of its Sohar refinery expansion project, seeking to boost margins and increase production.
Global PVC growth to continue, but new China capacity will limit op rates - report
Polyvinyl chloride (PVC) demand growth is forecast to continue in 2011, but the start-up of additional capacity in China will lead to global operating rates remaining low, according to a new report from US-based consultancy ChemSystems.
Saudi Aramco chooses SNC-Lavalin JV for five-year engineering, project management deal
State-owned oil company Saudi Aramco has chosen SNC-Lavalin, together with its Saudi Arabian 50/50 joint venture partner The Zuhair Fayez Partnership, to perform general engineering and project management services (GES+) under a five-year reimbursable contract.
Deferred maintenance causes upsurge in pump failures
Not addressing the root cause of a failure puts resources and employees at risk
- 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
