Equinor ASA (Stavanger, Norway; www.equinor.com), the new name of Statoil ASA, was approved at the annual general meeting on May 15, 2018, and the new name has now been registered in the Norwegian register of business enterprises (Foretaksregisteret). The company's…
ExxonMobil Catalysts and Licensing LLC and BASF (Ludwigshafen, Germany; www.basf.com) have signed an alliance agreement to jointly develop new gas treating solvents and process technologies for use in natural gas processing and petroleum refining. Under this new agreement, BASF will…
Air Products (Lehigh Valley, Pa.; www.airproducts.com) announced that it has inaugurated its new world-scale industrial gas complex within the Integrated Refinery Expansion Project (IREP) of the BPCL Kochi Refinery located in Kochi, India. Air Products has invested several hundred million…
Royal DSM (Heerlen, the Netherlands; www.dsm.com) announced plans to increase its production capacity for Dyneema products. Strong demand for both Dyneema UD (composite unidirectional laminate) and Dyneema fiber is prompting this increase. The company is investing to install additional new…
McDermott International, Inc. (Houston; www.mcdermott.com) announced that it has completed its combination with CB&I, creating a premier, fully integrated provider of technology, engineering and construction solutions for the energy industry. “This is an exciting day for McDermott,” said David Dickson,…
The Abu Dhabi National Oil Company (ADNOC; www.adnoc.com) unveiled plans to invest AED 165 billion ($45 billion) alongside partners, over the next five years, to become a leading global downstream player, enabling it to further stretch the value of every…
Indorama Ventures Public Company Limited (IVL; Bangkok, Thailand; www.indoramaventures.com) announced that it has entered into a definitive agreement to acquire a 65.72% stake in Avgol Industries 1953 Ltd., an Israel-listed global manufacturer, for a sum of $1.62 per share. Avgol…
The Abu Dhabi National Oil Company (ADNOC; www.adnoc.ae) announced it has signed a project development agreement with Compañía Española de Petróleos S.A.U. (Cepsa; Madrid, Spain; www.cepsa.com) for a new, world-scale Linear Alkylbenzene (LAB) facility in ADNOC’s refining and petrochemicals complex…
As part of the comprehensive partnership announced in 2017, Total S.A. (Paris, France; www.total.com) has signed an agreement with Sonatrach (Algiers, Algeria; www.sonatrach.com) to launch the engineering studies for a petrochemical project in Arzew, western Algeria. The project includes a…
Following the agreement of the Algerian authorities and its Board of Directors, Sonatrach (Algiers, Algeria; www.sontrach.com) announced that it has signed an agreement with ESSO Italiana Srl, a wholly owned subsidiary of Exxon Mobil Corp. (Irving, Tex; www.exxonmobil.com) for the…