Tag: joint venture
ConocoPhillips takes on stewardship of offshore Malaysia gas PSC
Petronas has transferred operatorship of the Kebabangan Cluster Production Sharing Contract (PSC) offshore Malaysia to ConocoPhillips Sabah Gas. The facilities have an export capacity of up to 750 MMcf/d of gas, with commercial agreements in place for future field developments.
Jindal announces ~INR 5,400 crore strategic investments
Jindal Stainless has announced major expansion and acquisition plans to augment its melting and downstream capacities
Amaero signs a JV Agreement with Rabdan
Amaero International Limited has signed a binding joint venture agreement (JV Agreement) with Rabdan Industries for additive manufacturing and powder production in Abu Dhabi,...
BP to expand its petrochemical presence in Korea
BP and Lotte have agreed a major expansion of production capacity at their joint venture Lotte BP Chemical Company Limited facility in Ulsan, South Korea The expansion is expected to add 100,000 tonnes a year (tpa) of acetic acid capacity by May 2019 through debottlenecking, and to double the current 200,000 tpa vinyl acetate monomer (VAM) capacity with the addition of a second VAM plant by the end of 2020.
Fluor Joint Venture for LNG Canada Project
Fluor Corporation announced its joint venture partnership with JGC and has been selected as the engineering, procurement and construction contractor for LNG Canada’s proposed liquefied natural gas (LNG) export facility in Kitimat, British Columbia, Canada.
Reliance and BP join forces
According to MarketWatch, U.K.-based BP PLC is spending USD $7.2 billion to buy a 30% stake in oil and gas blocks controlled by Reliance Industries in India.
Niger Uranium invests in Nickel
Niger Uranium Limited will invest ZAR 25 million for nickel exploration in South Africa and Zimbabwe in order to garner substantial, low grade but lucrative, open-pittable sulphide nickel mineralization.
Rio Tinto and BHP Billiton iron ore JV
On 4 June 2009 Rio Tinto and BHP Billiton signed a non-binding agreement to establish a production joint venture covering the entirety of both companies' Western Australian iron ore assets.
Petrobras sets up natural gas joint venture
Petrobras has announced the signing of a deal with local industrial group White Martins to form a natural gas company.
Stainless JV in Malaysia
FACB Industries Inc Bhd subsidiary Kanzen Tetsu Sdn Bhd has teamed up with Arcelor group to set up a stainless steel shearing and slitting facility in Shah Alam, Selangor.