Lukoil and KazMunayGas establish a consortium on Znenis project in the Caspian Sea
President of Lukoil Vagit Alekperov and Chairman of the Management Board of KazMunayGas Alik Aidarbayev signed agreements on joint cooperation and financing of …
Updates
Lincoln Electric announces acquisition of Inovatech Engineering Corporation
Lincoln Electric Holdings yesterday announced it acquired Inovatech Engineering Corporation and related assets. Inovatech is a privately held Ontario, Canada …
Availability of Metso’s valve solutions extended with new distributor in Denmark
Metso has signed a distributor agreement for its valve solutions with Grønbech & Sønner in Denmark. The company will provide the entire breadth of …
Qatar gives notice of its withdrawal from OPEC
The OPEC Secretary General, His Excellency Mohammad Sanusi Barkindo, has yesterday received a letter from the State of Qatar giving notice of its intention to …
STATS Group appoints Angus Bowie to spearhead its expansion plans in the Asia Pacific region
STATS Group is targeting further growth in the Asia Pacific region and has appointed Angus Bowie as regional director to spearhead its expansion plans. Mr …
South Korea: Hanwha Total Petrochemical invests in a new polypropylene plant to expand its refining & petrochemicals platform
Hanwha Total Petrochemical, a 50/50 joint venture between Total and Hanwha, will invest nearly $500 million to further expand its Daesan integrated refining …
Esso Italiana and Sonatrach complete transaction for Augusta Refinery
Esso Italiana, a subsidiary of ExxonMobil, and Sonatrach Raffineria Italiana S.r.l. said today that they have completed their transaction announced earlier …
Hempel to gain market share with new Centre of Excellence
On 29 November 2018, Hempel officially opened its new Centre of Excellence in Barcelona. The centre’s focus will be on the research and de-velopment of …
KBR awarded ammonia plant revamp contract in India
KBR announced that it has been awarded a contract to supply proprietary equipment to Southern Petrochemical Industries Corporation India for its plant located …
Indonesia’s Pertamina to start Balikpapan upgrade in 2019
Indonesian state energy company PT Pertamina will sign an engineering, procurement and construction (EPC) contract to upgrade Balikpapan refinery in December, …