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Aramco | November 17, 2022
Aramco is making its biggest ever investment in South Korea to develop one of the world's largest refinery-integrated petrochemical steam crackers through its S-OIL affiliate, in line with the company's strategy to maximize the crude to chemicals value chain. The $7 billion Shaheen project aims to convert crude oil into petrochemical feedstock and would represent the first commercialization of Aramco and Lummus Technology's TC2C thermal crude to chemicals technology, w...
CNOOC Limited | February 14, 2022
CNOOC Limited announced today that Liza Phase II had commenced production safely and ahead of schedule. Liza Phase II locates in the Stabroek Block offshore Guyana and produces with 1 FPSO and 30 subsea wellheads. The FPSO is the second production facility in the Block following the one serving Liza Phase I. It was constructed in China and Singapore, and arrived in Guyana in October 2021. It is moored in water depth of about 1,650 meters and will be able to store around 2 million ...
ARKO Corp. | February 24, 2022
ARKO Corp. one of the largest convenience store operators and petroleum wholesalers in the United States, announced today that GPM, a subsidiary of ARKO, has entered into an agreement with Quarles Petroleum Inc. for the acquisition of certain assets, including 121 branded and 64 contracted cardlock sites, which are strategically located unmanned fuel sites located on high-traffic corridors in the mid-Atlantic region, at which customers purchase fuel with fleet cards. Quarles...
Novinite | January 23, 2020
Production of industrial chemicals in the European Union (EU) increased in 2018 compared with the previous 3 years, but it is still at lower levels than in 2004, Eurostat data showed. The total production of industrial chemicals peaked at 330 million tonnes in 2007 (a 6.1 % increase since 2004), prior to the financial and economic crisis. Production then fell sharply between 2007 and 2009, reaching a low of 270 million tonnes (a total decline of about 18 %), before rebounding to 300 million tonn...
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