Keyword: Oil

News

New Giant Petchems and Plastics Project in Texas

29.03.2017 - Another new mammoth petrochemicals and plastics project has been announced for the US state of Texas by non-US companies seeking to profit from access to inexpensive shale gas...

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Saudi Aramco/SABIC Sign MoUs with Chinese Firms

28.03.2017 - Saudi Aramco and SABIC have signed Memorandums of Understanding (MoUs) to develop refining and chemical plants in China. The deals were done during a visit by Saudi Arabia’s King...

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Wood Group to Buy Amec Foster Wheeler

21.03.2017 - Oilfield chemicals major Wood Group, based in Aberdeen, Scotland, has made a £2.2 billion all-share offer to acquire US rival Amec Foster Wheeler. The bid represents a 15% premium...

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BP may Sell Forties Pipeline to Ineos

20.03.2017 - British oil and petrochemicals major BP and Swiss-based olefins and polyolefins producer Ineos have confirmed they are in talks about Ineos taking over the 100-mile-long Forties...

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SNC-Lavalin Wins Oman Ammonia Project

09.03.2017 - Canada’s SNC-Lavalin has won an engineering, procurement and construction (EPC) contract from Salalah Methanol Company (SMC) for an anhydrous liquid ammonia plant, including...

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DSM and Evonik in Omega-3 Fatty Acids JV

09.03.2017 - DSM Nutritional Products and Evonik Nutrition & Care, subsidiaries of the well-known Dutch and German chemical producers, have announced they will establish a 50:50 joint venture...

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BASF Confirms Talks on Iran Oil & Gas

27.02.2017 - BASF subsidiary Wintershall is in talks with the government of Iran about investing in the country’s oil and gas sector, BASF CEO Kurt Bock confirmed at the annual results press...

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Scotland Launches Fracking Referendum

03.02.2017 - Fracking could provide “important benefits” for the petrochemical sector, the Scottish Nationalist Party (SNP)-led government said at the official launch of a public consultation...