Rush to tap Arctic
Gazprom and Rosneft have announced plans to accelerate exploration and development of five Arctic oil and gas fields.
Air separation plant contract
National Industrial Gases Company, an affiliate of Saudi Basic Industries Corporation (SABIC), has awarded a lump sum turnkey contract for the engineering, procurement and construction of an air separation plant to Air Products.
Franco-Russian joint venture
Lukoil and Technip will create a 50/50 joint venture company for oil & gas projects, refining and petrochemicals in Russia and other CIS countries.
New coatings factory for China
Akzo Nobel is investing in a new factory for decorative coatings.
Saudi independent power plant
US-based CMS Energy's joint venture with the Saudi National Power Company, Jubail Energy Company (JEC), has closed a USD 170 million limited recourse project financing for construction of a co-generation plant.