Company News

Saudi Basic Industries Corporation will construct a new Ethylene Glycol (EG) plant at Jubail United Petrochemical Company.

Saudi Arabia has signed a deal with a consortium led by Royal Dutch/Shell for a USD 2 billion gas project and unveiled plans to issue tenders for another three projects as part of plans to boost gas production.

The Abu Dhabi Company for Onshore Oil Operations (ADCO) has awarded VECO the front-end engineering and design contract (FEED) for the development of the new Huwaila oilfield located 30 km south of the existing Bu Hasa field.

Trinidad and Tobago's state-owned oil and natural gas company Petrotrin has announced it will spend USD 1 billion to upgrade its refinery on the island of Point a Pierre.

Pan Asia Paper Company Ltd has announced a joint venture with Hebei Longteng Paper Corp. to build and operate a newsprint mill in China.

Norway has approved Houston-based Anadarko, Danish Maersk Olie og Gas and Canadian Talisman Energy as oil and gas operators, the Norwegian Petroleum Directorate has said

BHP Billiton has filed applications to construct and operate Cabrillo Port, a liquefied natural gas (LNG) floating storage and regasification unit (FSRU) located off the coast of Southern California, and a pipeline connecting this deepwater port to the existing natural gas transportation and distribution infrastructure onshore.

Westinghouse Electric Company will supply AIE Centrales Nucleares Almaraz-Trillo in Spain with turbine and reactor control systems, based on OVATION digital technology, for the Almaraz nuclear units 1 & 2.

United Steel Workers of America (USWA) have endorsed assistance to build a USA-wide rapid transit rail system made of stainless steel called "The Interstate Traveler Project", based in Michigan.

BP and the Alfa Group and Access-Renova (AAR) have completed the deal to combine their Russian and Ukrainian oil and gas businesses.