Company News

Abbot Group (Aberdeen, Scotland) has announced a contract win in Iran worth more than GBP 16 million.

China National Offshore Oil Corporation (CNOOC) has signed a supplemental development agreement regarding the CFD 11-1/11-2 oilfields in 04/36 Block in Bohai Bay, with Kerr-McGee China Petroleum Limited, a subsidiary of Kerr-McGee Corp., and Sino-American Energy Corp., a wholly owned subsidiary of Ultra Petroleum Corp.

BASF Pharmachemikalien GmbH, Minden, Germany, a BASF Group company, plans to increase its annual capacity for Pseudoephedrine from 750 metric tons to 1000 metric tons.

Valero Energy Corporation (San Antonio, Texas, USA) has awarded Howe-Baker Engineers Ltd (a subsidiary of Chicago Bridge & Iron Company NV) a contract to design and build a 25,000 barrel per day CCR (Continuous Catalytic Regeneration) Platformer(TM) and associated facilities at Valero's 195,000 BPD refinery in Paulsboro, NJ, USA.

Chinese state-owned China National Offshore Oil Corp and the Fujian government have inked an agreement on the principles of co-operation of integrated development of LNG imports and gas market in this south China province.

Vietnam’s plastic association plans to build a USD 250 million plastics plant powered by natural gas to reduce the country’s reliance on imports, an official has said.

Ticona, the technical polymers unit of Celanese AG, has expanded its North American compounding capability by adding 20% more capacity at its plant in Shelby, NC, and 30% more capacity at its plant in Florence, Kentucky, USA.

MB Petroleum and its new partner, CNPC, will invest a total of USD 220 million over the next four years to achieve a projected five-fold increase in oil production at the Sultanate's Mezoon-5 oil concession.

Foster Wheeler Ltd has announced that its subsidiary, Foster Wheeler Energy Limited has been awarded a project management services contract for two distillate hydrotreaters and power co-generation plants by Aramco Overseas Company.

UK oil multinational BP is behind plans to build a massive liquefied natural gas terminal linked to offshore developments in southern Iran to ship 8 million tonnes per year of offshore gas to India and the rest of the world.