Exxon Mobil Corp (XOM.N) is considering a multi-billion dollar investment at its Singapore refinery, the company’s largest, ahead of new global shipping fuel regulations starting in 2020, a senior executive said on Wednesday.
“We are currently assessing a multi-billion project in our integrated manufacturing facility here in Singapore,” Matt Bergeron, vice president of Asia Pacific Fuels Business at Exxon, said at a bunkering conference.
Consortium will oversee second phase of the Integrated Gas Development Expansion (IGD-E) project
Arabtec’s Tyrwhitt: $870mn award to Target and Tecnicas Reunidas strengthens links with ADNOC
ByStaff Writer
Posted on September 26, 2018
Consortium will oversee second phase of the Integrated Gas Development Expansion (IGD-E) project
Arabtec’s Group CEO Hamish Tyrwhitt says ADNOC’s $870mn contract award to a consortium including the contractor’s wholly-owned subsidiary Target Engineering Construction Company will strengthen ties between the two UAE giants.
Arabtec revealed today that Target’s consortium with Spain’s Tecnicas Reunidas has won the EPC contract for the second phase of ADNOC LNG’s Integrated Gas Development Expansion (IGD-E) project.
Works on the project are scheduled to begin in October and are expected to take 54 months to complete.
Front-end engineering and design (FEED) to begin in the third quarter of 2018
Saudi Aramco and Total to build $9bn petrochemical complex
Front-end engineering and design (FEED) to begin in the third quarter of 2018
A new petrochemical complex will be built at Jubail, Saudi Arabia following an agreement that Saudi Aramco signed with French energy firm Total. $9 billion is to be invested into the project, which is expected to create 8,000 jobs. The complex is expected to produce more than 2.7 million metric tons of high value chemicals.
The complex will be integrated downstream of the Satorp refinery, a JV between Saudi Aramco (62.5%) and Total (37.5%) in Jubail, in an effort to exploit operational synergies, Saudi Aramco said in a statement. The new complex will comprise a world-size mixed-feed steam cracker (50% ethane and refinery off-gas) with a capacity of 1.5 million tons per year of ethylene and related high-added-value petrochemical units.
Shell has achieved the Port of Rotterdam's first ship-to-ship LNG bunkering operation using the specialized LNG bunker vessel, Cardissa.
She refueled the Sovcomflot vessel Gagarin Prospect, the world’s first LNG-powered Aframax tanker, delivered from Hyundai Heavy Industries in July. The vessel's two-stroke, 7X62DF main engine was manufactured under license from Winterthur Gas & Diesel (WinGD) by Hyundai Heavy Industries.
The ice class 1A tanker entered into a Shell multi-year time charter in July 2018. A sister ship, Samuel Prospect, is scheduled for delivery into Shell time charter next year. The vessels are part of a series of six Sovcomflot tankers currently under construction at Hyundai Heavy Industries and due for delivery between the third quarter of this year and the first quarter of 2019.
Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, today signed at the 8th St. Petersburg International Gas Forum a Memorandum on Strategic Cooperation.
The document envisages the creation of a Joint Coordinating Committee on collaboration in the natural gas sector, both upstream and downstream, science and technology as well as staff training.
“Today, we continue to work toward the strengthening of Russian-Austrian relationship in the gas sector in the long term. With the newly-signed Memorandum, we will consolidate our joint activities with OMV in the areas of ongoing and potential cooperation into a single coordination center and bring it to a brand-new level,” said Alexey Miller, Chairman of the Gazprom Management Committee.
ExxonMobil will search for natural gas off the cost of Cyprus by the end of the year, a top executive said on Friday, as Turkey renewed warnings against resource exploration in seas where it says it infringes on its rights and those of breakaway Turkish Cypriots.
Neil Chapman, senior vice president of ExxonMobil, said that exploratory drilling will begin “sometime in the fourth quarter”. He said ExxonMobil is focused on an area southwest of the Mediterranean island where they're licensed to explore.
Chapman said the company hasn't "looked in any detail" at an adjacent area, or block, for which the Cypriot government on Thursday invited bids for a drilling license.
The tender elicited another strongly-worded statement by Turkey's foreign ministry, saying that Ankara “has never allowed and will never allow” any country or company to conduct “unauthorized research activities” inside waters it considers under its own jurisdiction.
Turkey claims that parts of some blocks Cyprus have designated for drilling fall inside its own continental shelf. Turkey also argues that any hydrocarbon exploration ignores the rights of Turkish Cypriots to the ethnically divided island nation's natural resources.