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ExxonMobil, SABIC to build petrochemical facility in Texas

ExxonMobil, SABIC to build petrochemical facility in Texas

June 13, 2019 No Comments

ExxonMobil and SABIC today announced the decision to proceed with the construction of a chemical facility and a 1.8 million metric ton ethane steam cracker in San Patricio County, Texas, leading to thousands of high-paying jobs and billions in economic output “Building the world’s largest steam cracker, with state-of-the-art technology, on the doorstep of rapidly […]

First LNG Cargo shipped from Prelude FLNG

First LNG Cargo shipped from Prelude FLNG

June 11, 2019 No Comments

Shell, along with its Joint Venture Partners INPEX, KOGAS and OPIC, today announced that the first shipment of Liquefied Natural Gas has sailed from Shell’s Prelude Floating Liquefied Natural Gas (FLNG) facility located 475kms North East of Broome in Western Australia. This shipment will be delivered by the Valencia Knutsen to customers in Asia. Maarten […]

Eni and ETAP to develop renewable energy projects in Tunisia

Eni and ETAP to develop renewable energy projects in Tunisia

May 3, 2019 No Comments

Eni inaugurated today in Tataouine, in the south of Tunisia, the construction site for a photovoltaic plant with an installed capacity of 10 MW. The project, which was awarded to the ETAP-Eni consortium following a public tender issued by the Tunisian authorities in accordance with the country’s licensing regulations, will supply electricity to the State-owned […]

Saudi Aramco to acquire Shell Saudi Arabia Refining Limited’s 50% share of SASREF JV for $631 million.

Saudi Aramco to acquire Shell Saudi Arabia Refining Limited’s 50% share of SASREF JV for $631 million.

April 23, 2019 No Comments

Abdulaziz Al-Judaimi, Saudi Aramco‘s Senior Vice President of Downstream, said: “The partnership with Shell has led to a strong record of performance and delivery of refined products. Saudi Aramco will take full ownership and integrate the refinery into its growing Downstream portfolio. SASREF will continue to be a critical facility in our refining and chemicals […]

McDermott Signs JV Agreement with Zamil Offshore

McDermott Signs JV Agreement with Zamil Offshore

April 11, 2019 No Comments

McDermott International, Inc. (NYSE: MDR) announced it has signed a Joint Venture Agreement with Zamil Offshore to target the Maintenance, Modifications and Operations (MMO) market in Saudi Arabia. McDermott and Zamil will work together on an exclusive basis to provide Saudi Aramco with comprehensive offshore brownfield EPCI solutions and asset maintenance services. The new joint […]

NOK 6,7 billion Johan Sverdrup living quarters topside ready for sail-away

NOK 6,7 billion Johan Sverdrup living quarters topside ready for sail-away

March 18, 2019 No Comments

With 560 beds the Johan Sverdrup living quarters topside is the largest of its kind in Norway. The fourth and last platform for the first phase of the giant project is now ready for sail-away from Kværner’s yard on Stord to the Johan Sverdrup field, where it will be installed in a single lift. “This […]

Pátria Investimentos, Shell and Mitsubishi Hitachi Power Systems (MHPS) announce thermoelectric partnership

Pátria Investimentos, Shell and Mitsubishi Hitachi Power Systems (MHPS) announce thermoelectric partnership

February 28, 2019 No Comments

Pátria Investimentos, the Shell Group and Mitsubishi Hitachi Power Systems (MHPS) have announced the construction and operation of the Marlim Azul (Blue Marlin) gas-powered thermoelectric power plant in Macaé, Rio de Janeiro state in Brazil. The partnership includes construction of the power plant and the sale of its energy on both the regulated market, via […]

Arabian Rig Manufacturing

Arabian Rig Manufacturing

February 18, 2019 No Comments

Saudi Aramco and National Oilwell Varco Incorporated (NOV) recently held the first Arabian Rig Manufacturing (ARM) Board of Managers meeting. ARM is a newly formed company, a joint venture (JV) between NOV (owning 70% of the JV’s shares) and Saudi Aramco. Highlights of the meeting included the appointment of senior officials and the approval of […]

Saudi Aramco and Total invest in  retail fuel network in Saudi Arabia

Saudi Aramco and Total invest in retail fuel network in Saudi Arabia

February 14, 2019 No Comments

Saudi Aramco and Total today signed an agreement to develop a network of retail fuel service stations in Saudi Arabia. The 50:50 joint venture (JV) plans to invest around $1 billion over the next 6 years in the Saudi retail fuel market to provide motorists with premium fuels and retail services in Saudi Arabia. “This […]

Seadrill  Establishes new joint venture with Sonangol, Angola

Seadrill Establishes new joint venture with Sonangol, Angola

February 7, 2019 No Comments

Seadrill Limited (“Seadrill”) announced that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P. (“Sonangol”). The new joint venture, Sonadrill, will operate four drillships, focusing on opportunities in Angolan waters. Each of the joint venture parties will bareboat two drillships into Sonadrill. […]

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