Asia/Pacific
CB&I wins $500mn LNG tank deal in Asia Pacific
CB&I has been awarded a contract in excess of $500 million for the engineering, fabrication and construction of two 160,000 cubic meter LNG storage tanks, as well as additional work for a confidential LNG liquefaction project in the Asia Pacific region.
US shale wave weakens petroleum market share for Russia, Iran, Venezuela - study
Rising US natural gas production from shale formations has already played a critical role in weakening Russia’s ability to wield an "energy weapon" over its European customers, and this trend will accelerate in the coming decades, according to a new study from Rice University’s Baker Institute.
China's CNOOC to buy Canadian oil sands firm Opti
Chinese oil giant CNOOC has agreed to acquire Canadian oil sands producer Opti Canada for about $2.1 billion. The transaction is expected to be completed in the fourth quarter of 2011.
Dow Chemical, Mitsui form biopolymers JV in Brazil
US-based Dow Chemical and Japan-based Mitsui & Co. have formed a new joint venture aimed at providing sustainable product solutions to the global high-performance flexible packaging, hygiene and medical markets. This represents the world’s largest biopolymers play and is Dow’s largest investment in Brazil, a country in which Dow has operated successfully for more than 50 years, officials said.
High electronics demand prompts Air Products to build Korea nitrogen plant, expand pipeline
Air Products will raise production of gaseous nitrogen and expand its nitrogen pipeline in the Gumi National Industrial Complex in Korea’s North Gyeongsang Province to serve increasing demand from electronics customers, the US-based industrial gases firm said on Monday.
CB&I to work on LNG trains at Chevron Australia Gorgon project
Chevron Australia has awarded CB&I a contract for the mechanical, electrical and instrumentation work on the Gorgon project on Barrow Island, Western Australia. The contract has an estimated value of $2.3 billion and is scheduled to be completed in 2015.
ConocoPhillips to spin off downstream business
ConocoPhillips’ board of directors has approved the separation of the company’s Refining & Marketing and Exploration & Production businesses into two stand-alone, publicly traded corporations via a tax-free spin of the refining and marketing business to shareholders.
BASF picks Fluor as engineering partner for Asia, Europe chemicals projects
Germany-based BASF has chosen Fluor as an engineering partner for chemicals and petrochemicals projects across Asia and Europe, the companies announced on Thursday. The partnering agreements will cover capital investment projects with separate service orders throughout Asia and Europe.
Foster Wheeler to design steam generators for Korea ‘green’ power project
Foster Wheeler has been given notice to proceed by Hyundai Engineering and Construction for the design and supply of four 550 MWe (gross megawatt electric) supercritical circulating fluidized-bed (CFB) steam generators for the Samcheok green power project from owner Korea Southern Power Co. (KOSPO).
Kobe Steel boosts compressor production in China
Kobe Steel has increased production capacity at its compressor plant in Shanghai, China, with a new manufacturing line starting commercial operations. Approximately 74 million yuan (600 million yen) was invested in the expansion.
- XRG to expand its global chemicals reach with takeover of Covestro 11/21
- U.S. FERC explores blanket authorizations for LNG projects 11/21
- thyssenkrupp Uhde selected by Dangote Fertilizer Ltd. to license four urea granulation units in Nigeria 11/21
- Indian and Chinese refineries are moving to comply with U.S. sanctions on Russia 11/21
- Dynamis Power Solutions awards Baker Hughes with significant order for gas turbine technology to support mobile power for oil and gas applications 11/21
- EIL signs MoU with Aramco Asia India Pvt. Ltd. for cooperation in various oil/gas activities 11/21
