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AkzoNobel, Elliott reach agreement, will suspend litigation for three months Antony Burgmans, chairman, supervisory board, AkzoNobel.

AkzoNobel, Elliott reach agreement, will suspend litigation for three months

The agreement includes alignment on the AkzoNobel strategy to fully separate specialty chemicals. AkzoNobel and Elliott have also agreed, subject to the terms of a standstill agreement, to seek to suspend all ongoing litigation for at least three months.

 •   AkzoNobel CEO steps down citing health reasons
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BV grants Wison approval for FLNG storage, regasification terminal design

BV grants Wison approval for FLNG storage, regasification terminal design

The Wison full-size floating LNG terminal solution offers an economical alternative to the conventional LNG regasification vessels, especially for markets with long-term demand.
 
Three Turkish refineries select Jacobs' EUROCLAUS technology for sulphur recovery

Three Turkish refineries select Jacobs' EUROCLAUS technology for sulphur recovery

Jacobs' EUROCLAUS sulphur recovery technology will expand Tupras' crude slate by processing more sour crudes, while reducing its environmental footprint, delivering industry leading SO2 emissions abatement.
 
Borealis reports lower Q2 net profit, records strong first half

Borealis reports lower Q2 net profit, records strong first half

The net profit in the second quarter was supported by the increased profit contribution from Borouge.
 
Iraq wants to reopen old Saudi pipeline: Ex-minister

Iraq wants to reopen old Saudi pipeline: Ex-minister

The Iraqi Pipeline in Saudi Arabia (IPSA) has not carried Iraqi crude since Saddam Hussein invaded Kuwait in 1990
 

 

Clough Amec enters Australian petrochemicals market with ammonia facilities contract

Clough Amec enters Australian petrochemicals market with ammonia facilities contract

Clough AMEC joint venture achieves major breakthrough into Australian petrochemicals sector with Yara Pilbara contract win.
 
CB&I to sell technology business focussed on petrochemical, refining industries

CB&I to sell technology business focussed on petrochemical, refining industries

With 3,000 patents and patent application trademarks and more than 100 licensed technologies, CB&I is one of the largest providers of licensed process technologies in the world.
 
IOC approves $2.36bn Gujarat refinery capacity expansion by 4.3MMTPA

IOC approves $2.36bn Gujarat refinery capacity expansion by 4.3MMTPA

The new refinery configuration proposed will take into account the likely disruptions in the fuel supply/demand scenario in the future and will have built-in flexibility in its operations for strong integration with downstream petrochemical units.
 
OPEC July output hits 2017 high of 32.82mn bpd: Platts

OPEC July output hits 2017 high of 32.82mn bpd: Platts

Libya and Nigeria along with increased output from Saudi Arabia in the peak summer season is now in full swing, have sent OPEC's collective output about 920,000 bpd above its nominal ceiling of around 31.9mn bpd
 
Total awards FEED contract for Donges refinery to Amec Foster Wheeler

Total awards FEED contract for Donges refinery to Amec Foster Wheeler

The project, comprising a new vacuum gas oil hydrotreater unit & sour water stripping unit, and modification of existing units and new interconnections, is part of the investment planned by Total to upgrade its Donges refinery, improving its performance.
 
Fluor Corporation posts $24mn quarterly loss

Fluor Corporation posts $24mn quarterly loss

Fluor's energy, chemicals and mining segment reported segment profit of US$127 million, compared to US$126 million in the second quarter of 2016.
 
Jacobs to acquire CH2M creating $15bn global engineering major

Jacobs to acquire CH2M creating $15bn global engineering major

Jacobs expects to finance the transaction through a combination of cash on hand, borrowings under the company's existing revolving credit facility and US$1.2 billion of new committed 3-year term debt arranged by BNP Paribas and The Bank of Nova Scotia.
 
SNC-Lavalin wins FEED conversion to EPC contract from Brahms Oil Refineries

SNC-Lavalin wins FEED conversion to EPC contract from Brahms Oil Refineries

SNC-Lavalin's scope for this phase of the work includes project management, coordination and management of the process licensor, management of the geotechnical and topographic survey contractors, preliminary engineering and procurement.
 
ADNOC reaches out to Asian majors in expansion bid

ADNOC reaches out to Asian majors in expansion bid

ADNOC CEO Dr Sultan Al Jaber's strategic tour of China and Japan, come days after oil giant made public its landmark decision to undergo an economic transformation aligned to its 2030 objectives – including the share sale of its distribution business
 
Baron Point Petroleum, PetroVietnam Oil Corporation create JV to build Bonded Terminal System

Baron Point Petroleum, PetroVietnam Oil Corporation create JV to build Bonded Terminal System

The JV between Abu Dhabi-based Baron Point Petroleum and PetroVietnam Oil Corporation plans to finance, build and operate petroleum product pipelines and storage space in Vietnam, and to source and trade petroleum products in the international markets.
 
LyondellBasell to build the world's largest propylene oxide / tertiary butyl alcohol plant

LyondellBasell to build the world's largest propylene oxide / tertiary butyl alcohol plant

The plant upon completion will produce an anticipated one billion pounds (470,000 metric tons) of propylene oxide and 2.2 billion pounds (one million metric tons) of tertiary butyl alcohol annually.
 




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