Tag Archive

BP to expand its presence in Korea

BP to expand its presence in Korea

January 11, 2019 No Comments

BP and Lotte have agreed a major expansion of production capacity at their joint venture Lotte BP Chemical Company Limited facility in Ulsan, South Korea. The expansion is expected to add 100,000 tonnes a year (tpa) of acetic acid capacity by May 2019 through debottlenecking, and to double the current 200,000 tpa vinyl acetate monomer […]

Total To Launch a Fuel Retail Network with Sonangol

Total To Launch a Fuel Retail Network with Sonangol

December 21, 2018 No Comments

Total has agreed to develop joint activities in the downstream petroleum sector in Angola, with national company Sonangol. Already long-term partners in the upstream business, the two companies have decided to establish a Joint Venture company to develop a common retail and distribution activity in the country, the fourth largest market in sub-Saharan Africa. While […]

Aramco and Saudi Information Technology Company sign MOU establishing a JV

Aramco and Saudi Information Technology Company sign MOU establishing a JV

December 18, 2018 No Comments

Saudi Aramco and the Saudi Information Technology Company signed a Memorandum of Understanding (MoU) for the creation of an Information and Communication Technology Investment Company; a joint venture (JV) to invest in commercial enterprises in the information, communication and technology sector. The focus of the new JV will be on opportunities with significant potential for […]

Senegal Update:  SNE development  commence FEED activities

Senegal Update: SNE development commence FEED activities

December 17, 2018 No Comments

Woodside advises that the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture1 has agreed to commence front-end engineering and design (FEED) activities following the award of the subsea FEED contract to Subsea Integration Alliance2 for the SNE Field Development-Phase 1 (SNE development) offshore Senegal. Further FEED contracts are targeted to be awarded […]

Saudi Aramco and Raytheon to establish JV in cybersecurity

Saudi Aramco and Raytheon to establish JV in cybersecurity

December 14, 2018 No Comments

Saudi Aramco and Raytheon Company, through its subsidiary Raytheon Saudi Arabia, signed a Memorandum of Understanding to establish a joint venture company that will develop and provide best-in-class cybersecurity services in Saudi Arabia and the region. The joint venture company will market and provide integrated defensive cybersecurity software and hardware capabilities, and perform research and […]

Eni announces a new oil discovery in Block 15/06, offshore Angola

Eni announces a new oil discovery in Block 15/06, offshore Angola

December 11, 2018 No Comments

Eni struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola. The discovery is estimated to contain between 170 and 200 million barrels of light oil in place. The Afoxé-1 NFW well, which has led to the new oil discovery, is located in the south-east area of Block 15/06, […]

Total Corbion PLA starts-up its bioplastics plant

Total Corbion PLA starts-up its bioplastics plant

December 3, 2018 No Comments

Total Corbion PLA, a 50/50 joint venture between Total and Corbion, announces the start-up of its 75,000 tonnes per year PLA (Poly Lactic Acid) bioplastics plant in Rayong, Thailand. The plant has successfully produced Luminy® PLA resins. This bioplastic provides a valuable contribution towards the circular economy being 100% renewable and biodegradable and offering multiple […]

Shell completes divestment of upstream interests in Ireland

Shell completes divestment of upstream interests in Ireland

November 30, 2018 No Comments

Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has completed the sale of its shares in Shell E&P Ireland Limited (SEPIL), which holds a 45% interest in the Corrib gas venture, for up to $1.30 billion (€1.14 billion), to Nephin Energy Holdings Limited (NEHL), a wholly-owned subsidiary of Canada Pension Plan […]

BHGE and GE Announce a Series of Long-Term Agreements

BHGE and GE Announce a Series of Long-Term Agreements

November 22, 2018 No Comments

Baker Hughes, a GE company (NYSE:BHGE) and General Electric Company (NYSE:GE) jointly announced the entry into a series of long-term agreements (the “Agreements”) that amend the commercial and technological relationships between the two companies. The Agreements focus on: Long-term collaboration on critical rotating equipment, including aeroderivative and heavy-duty gas turbine technology. BHGE access to GE […]

McDermott Awarded Contract by Talos Energy

McDermott Awarded Contract by Talos Energy

November 15, 2018 No Comments

McDermott International, Inc. (NYSE: MDR) announced today a contract award for concept and engineering services for Talos Energy Inc. for the Zama field development project – the first offshore Mexico block awarded to a private operator. The contract award is for engineering services, including concept selection and follow-on pre-FEED. McDermott will execute this contract award […]

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