Middle East
Chevron to spend record $32.7 billion on capital projects in 2012
Chevron said it expects to spend a record $32.7 billion on capital projects in 2012 as it continues to invest in massive oil and gas projects worldwide. Rivals ConocoPhillips and Marathon Oil recently announced double-digit capital budget increases for next year, showing major oil companies are confident about the sustainability of high oil prices.
Saudi Polymers JV to start up integrated petchem complex in Q1 2012
Saudi Polymers Co. (SPCo) – the joint venture comprised of Chevron Phillips Chemical and partner National Petrochemical Co. – has completed construction of its petrochemical manufacturing facility located in Al-Jubail, Saudi Arabia. Commercial production is expected in the first quarter of 2012.
Jacobs, Shell form partnership for project design work in India
Jacobs Engineering Group says it received a contract from Shell in India to build an integrated organization with Shell’s project design office in Bangalore, India. The new organization aims to blend the strong technical and engineering design capability held by Shell and Jacobs, while optimizing the best work processes and tools of both companies, they said.
IEA says nations must act independently on climate
With little hope for significant progress on a major international climate agreement at this week's climate negotiations, nations must take it upon themselves to reduce emissions and mitigate climate change, the head of the IEA said Tuesday. To limit rising temperatures to an average of 2 degrees Celsius, global growth would have to come with just a 20% rise in emissions in the years ahead, she said.
Qatargas picks GE technology to lower emissions
GE has signed a contract with Qatargas to supply advanced combustion technology to reduce gas turbine emissions at the Qatargas 1 Utility complex to meet new regulations. GE will provide its Dry Low NOx (DLN) 1.0 combustion system designed to achieve low emissions levels of 25 ppm for nitrogen oxide.
Qatar Petroleum, Shell plan $6.4bn petrochemical project by 2017
Dr. Mohammed bin Saleh Al-Sada, minister of energy and industry in Qatar, and Shell CEO Peter Voser each signed an agreement Monday to develop a world-scale petrochemicals complex in Ras Laffan Industrial City in Qatar. Project officials estimated at a press conference that the project will cost $6.4 billion, with operations starting up in 2017.
Iran says EU ban on crude imports to hurt Europe
Iran doesn't expect Europe to follow through on its threat to ban imports of oil from the Islamic republic because it would hurt the euro zone's energy security.
Shale gas gives rise to era of energy independence
A boom in shale gas output has lifted US gas supplies to record levels, creating an environment to sustain low prices and offering a new era in energy independence.
Optimize capacity for large ethylene oxide reactors
Many factors must be considered in fine-tuning unit design
Selecting the right steam methane reformer: Can vs. box design
Simulating various configurations and cost estimates aids in the selection of a steam methane reformer for hydrogen production
- China's first coal-to-chemicals project with green hydrogen starts commercial operations 11/20
- Norsk e-Fuel and Braskem partner to turn captured carbon into long-lasting products 11/20
- Nigeria's Dangote refinery delays CDU maintenance to end of January 2026 11/20
- 42% of U.S. energy/critical infrastructure providers exposed to weaponized AI and email attacks 11/20
- EIA: U.S. crude stocks fall on higher demand, fuel inventories rise 11/20
- Hungary's MOL and refiner Slovnaft accuse Croatia's JANAF of breach of contract 11/20
