Asia/Pacific
Reliance raises $2bn loan for India petrochemical expansion projects
Reliance Industries has signed a $2 billion-equivalent loan with nine banks covered by German credit insurance provider Euler Hermes. This deal will help diversify the company’s funding sources and extends the maturity profile of its long term debt in a cost-effective manner, Reliance said.
PetroChina eyes idled Valero refinery in Aruba
PetroChina is reportedly in talks to buy the 235,000 bpd refinery for $350 million. After a January restart, Valero suspended operations in March, citing poor economics.
Foster Wheeler inks engineering pact with Shell for Asia downstream projects
Foster Wheeler has signed an enterprise framework agreement (EFA) with Shell Global Solutions International in Asia. Work will be released under individual work orders, and Foster Wheeler will record bookings as work orders are received. The agreement is for a five-year period.
Evonik selects Jacobs for engineering work on new polyamide 12 plant in Asia
Jacobs Engineering Group was awarded a contract from Germany's Evonik to provide basic engineering services for a grassroots polyamide 12 production facility in Asia. Jacobs says it has been working closely with Evonik's project team in to develop the conceptual design for the new plant.
Reliance taps Fluor for project management in India on downstream expansions
Reliance Industries has selected Fluor to perform project management services for projects being executed at its world-scale Jamnagar refining and petrochemical complex on the west coast of India in Gujarat. The proposed coke gasification facility is among the largest-such projects ever built.
OTC '12: Global operators see access challenges
While ample evidence exists to effectively debunk the peak oil theories, locating and extracting reserves that are more than capable of meeting future demand remains a primary challenge going forward.
Who should you call for process pump repair?
Amid pump industry consolidation, independent shops can provide upgrade and repair services for key process equipment.
Consider updating your lubricant system
Oil mist extends equipment life over other lube methods
Improve seal designs for ‘dirty’ services
Amid regulatory legislation issues, a compliance strategy can drive solutions to optimize reliability of rotating equipment.
Case 68: Pneumatic testing dangers
Use caution on what defines a true ‘safe distance’
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
