NEW DELHI, (Reuters) - Saudi Basic Industries Corp (SABIC), the world's No.4 petrochemical company, wants to buy about half of the $4.6-billion Indian petchem project backed by Oil and Natural Gas Corp (ONGC), two sources familiar with the matter said.
Spring, Texas, – Esso Italiana earlier today announced it has signed an agreement for the sale of its Augusta refinery, three fuel terminals in Augusta, Palermo and Naples, and associated pipelines to the Algerian state oil company SONATRACH.
HOUSTON – KBR, Inc. announced it has been awarded a pre-FEED contract by INPEX Corporation through its subsidiary INPEX Masela Ltd for the Abadi onshore LNG Project in the Arafura sea in Indonesia.
Houston, (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. entered into a purchase and sale agreement to acquire Shell’s ownership interest in Amberjack Pipeline Company LLC, which is comprised of 75% of Amberjack Series A and 50% of Amberjack Series B for $1.22 billion.
Royal Dutch Shell has agreed to sell out of oil-sands producer Canadian Natural Resources.
Call it Permian, version 3.0. That’s how Tim Dove, who leads Pioneer Natural Resources, refers to new well designs his company says are now pumping 35% more oil than their predecessors.
West Virginia environmental regulators have lifted a March 7 order that halted construction of Rover Pipeline's Sherwood Lateral. The state ruling is the latest positive development for the $4.2 billion Energy Transfer Partners project, which also has received federal approval to start additional Phase 2 service.
A planned pipeline connecting Cyprus' Aphrodite gas field to Egypt's liquefied natural gas (LNG) facilities will cost between $800 million and $1 billion, Egyptian Petroleum Minister Tarek El Molla said.
Siemens signed an agreement with WorleyParsons to explore greater collaboration on energy and power infrastructure projects, grid optimization, integration of renewable technologies, and energy efficiency and storage technologies in North East South America and the Caribbean (NESAC) region.
Dynea AS announced the successful completion of the Performance guarantee run and commencement of commercial operations for its latest Silver Formaldehyde Plant FASIL® license to SAMAC - a JV between SABIC and Mitsubishi Chemical Corporation.
Oman is working with consultancy Mckinsey & Co to integrate its refining and petrochemical industries into one entity, a senior Omani official and a financial source familiar with the matter said.
Air Products announced it has successfully completed the acquisition of the Coal Gasification Technology licensing business from Shell Global Solutions International B.V., a subsidiary of Royal Dutch Shell plc, and formed a strategic alliance with Shell for residue gasification technology to refinery complexes.
Up to 2,400 men and women have started to mobilize for the hook-up and completion of Johan Sverdrup field in the North Sea.
Rafael Ramirez, the once all-powerful Venezuelan oil czar, says the state producer he ran for almost 10 years is on the brink of collapse.
Regulators have lifted pressure restrictions on TransCanada's 590,000 b/d Keystone Pipeline. A return to full capacity is expected to relieve a bottleneck in the oil-producing province of Alberta, where increased output has run up against a shortage of pipeline and rail capacity.