Middle East
French, Saudi companies form JV to offer natural gas treatment services
Shoaibi Group have signed a joint‐venture agreement with natural gas technology and equipment supplier Prosernat of France to form Prosernat Saudi Arabia Ltd. (PNSA).
Merichem installing H2S treatment system at new grassroots DRI facility
Merichem has entered into a licensing and equipment-supply agreement with a supplier of direct reduced iron (DRI) facilities to install a LO-CAT hydrogen sulfide treatment system at a new grassroots facility in the Middle East.
Invensys and ACM partner up
Invensys Operations Management, a global provider of technology systems, software solutions and consulting services to the manufacturing and infrastructure operations industries, today announced that it will be the exclusive provider of a unique process safety decision-support solution from ACM Facility Safety, a division of ACM Automation.
Excelerate Energy performs 100th ship-to-ship transfer of LNG
Excelerate Energy successfully completed its 100th ship-to-ship (STS) transfer of LNG. On March 29, 2011, Excelerate Energy’s regasification vessel Exquisite received a transfer of 126,881 cubic meters of LNG.
Honeywell extends global simulation contract with Shell
Honeywell has announced a contract extension to provide its UniSim Design process simulation software to Shell through 2015. The simulation platform will be used by Shell sites to design and test plant processes, saving the company both time and money.
Solvay and Rhodia are joining together
Solvay and Rhodia have a framework agreement allowing Solvay to launch a friendly cash offer for 100% of the share capital of Rhodia. The cash offer at €31.60 per share values the equity of Rhodia at €3.4 billion and the enterprise value at €6.6 billion, representing a REBITDA multiple of 7.3x
Shaw and Axens will license “next gen” FCC technology
The Shaw Group and Axens have been selected to license a next-generation catalytic cracking technology that will help refiners maximize the production of propylene and other high-value refinery products
Mustang Al-Hejailan Engineering combines with Dar E&C and PI-Consult
Mustang Al-Hejailan Engineering, a Wood Group company, has finalized agreements to combine with two Saudi Arabian-owned engineering businesses, Dar E&C and PI-Consult, to create Mustang Al Hejailan Dar PI (MHDP).
Dow developing new polymeric flame retardant technology
Dow Global Technologies (DGT) today announced the invention and development of a new, high molecular weight brominated polymeric flame retardant (PFR).
Purvin & Gertz releases global petroleum market outlook
Purvin & Gertz announces the release of its Global Petroleum Market Outlook 2011. The study provides an in-depth analysis of global and regional markets for crude oil and refined products within a framework of world energy demand and economic activity through 2030.
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- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
