Middle East
WR Grace opens new India construction facility
Grace Construction Products, an operating segment of US-based W. R. Grace & Co., has started manufacturing from a new facility near Delhi, India. This site’s development is part of Grace’s ongoing growth strategy to invest in emerging regions, the company said.
Oil demand, prices to rise in Q3 - Ernst & Young
Oil demand and prices should continue to rise in the third quarter of 2011 according to indicators, even with ongoing uncertainty with respect to the economic recovery, deficit reduction initiatives in the US and the debt crisis in Europe, according to a quarterly outlook from Ernst & Young.
Shell to supply technology for Iraq refinery upgrade
Shell Global Solutions has signed an agreement with the South Refineries Co. of Iraq for the provision of technology licenses to a refinery in Basrah, Southern Iraq. Shell will provide a license for a sulphur recovery unit and visbreaker unit as part of the agreement, it said.
KBR wins management deal for US Army in Iraq
Engineering and construction major KBR was awarded a task order by the US Army to provide management support to US Embassy staff in Baghdad and services at other diplomatic posts throughout Iraq. The task order is valued at over $500 million over a time period of one base year plus one option year.
KBR opens new operating center in Angola
KBR has officially opened a new operating center in Luanda, Angola, the company said on Thursday. Operations out of this facility will include engineering, project management and construction management services.
PGI Energy inks deal to trade Saudi Aramco crude
PGI Energy has entered into a one-year allocation agreement with its limited joint venture partner Intertorco Europe S.A. as the exclusive trading desk for 6 million bbl/month of Saudi light crude oil from Saudi Aramco.
Hess signs three-year contracts to explore Iraq
Energy giant Hess has signed production sharing contracts (PSCs) with the Kurdistan Regional Government of Iraq for the country’s Dinarta and Shakrok exploration blocks.
Dow plans water technology plant in Saudi Arabia
Dow Chemical said Tuesday that it plans to build a world-scale manufacturing facility for a reverse osmosis (RO) membranes plant in Saudi Arabia.
Dow, Saudi Aramco JV wins board approval to build $20bn chemical complex
The boards of directors of Dow Chemical and Saudi Aramco have approved the formation of a joint venture (JV) to build and operate a world-scale, fully-integrated chemicals complex at Jubail Industrial City in Saudi Arabia.
US shale wave weakens petroleum market share for Russia, Iran, Venezuela - study
Rising US natural gas production from shale formations has already played a critical role in weakening Russia’s ability to wield an "energy weapon" over its European customers, and this trend will accelerate in the coming decades, according to a new study from Rice University’s Baker Institute.
- Southern Energy Renewables inks green methanol supply deal with shipping giant, supporting construction of $1.4-B clean fuels refinery 5/13
- Emerson announces major advancements to AspenTech's Inmation OT Data Fabric 5/13
- UPM acquires bio-based MEG and MPG technologies from Avantium 5/13
- Synhelion fuels first construction machine with renewable diesel 5/13
- SWISS and Metafuels partner to promote and scale SAF production 5/13
- Vietnam state oil company urges U.S. Navy to allow tanker through blockade 5/13
