The State Oil Company of Azerbaijan Republic (SOCAR; www.socar.az) , the largest direct foreign investor in Turkey, launched its $6.3-billion SOCAR Turkey Aegean Refinery (STAR Refinery), which will provide a large portion of oil products demand in the local market…
TechnipFMC (Houston; www.technipfmc.com) recently announced the completion of construction of a new ammonia production unit called “Ammonia 4”, executed for Duslo a.s, part of the Agrofert group. The plant successfully passed performance tests in July. This new unit operates in…
Samsung Engineering (Seoul; www.samsungengineering.com) signed an approximately $4-billion contract for the Thai Oil Public Company Limited’s (Thai Oil) Clean Fuel Project (CFP) in Thailand. The order was received with Petrofac Limited (Petrofac) as leader and Saipem S.p.A. (Saipem) as consortium…
Pöyry (Helsinki, Finland; www.poyry.com) and Infosys Ltd. (Bengaluru, Karnataka, India; www.infosys.com) today announced the release of Krti 4.0 Artificial Intelligence (AI) Framework for Operational Excellence. The framework overcomes some complex and expensive lifecycle management challenges faced by industry, utilities and…
BASF SE (Ludwigshafen, Germany; www.basf.com) has selected Harjavalta, Finland, as the first location for battery materials production serving the European automotive market. The plant will be constructed adjacent to the nickel and cobalt refinery owned by Norilsk Nickel (Nornickel: Moscow,…
JGC Corp. (Yokohama, Japan; www.jgc.com) and the National Institute of Advanced Industrial Science and Technology (AIST), under the auspices of the Cross Ministerial Strategic Innovation Promotion Program (SIP) Energy Carriers (Management Entity: JST), led by the Cabinet Office Council for…
Jacobs Engineering Group Inc. (Dallas, Tex.; www.jacobs.com) has entered into a definitive agreement to sell its Energy, Chemicals and Resources (ECR) segment to WorleyParsons Ltd- for $3.3 billion, consisting of $2.6 billion in cash and $700 million in WorleyParsons ordinary…
Wood plc (London, U.K.; www.woodplc.com) has been awarded a new contract by IRPC Plc for its Maximum Aromatics (MARS) project, leveraging its operations in the south east Asian oil and gas market. Wood will provide front end engineering design (FEED)…
KBR, Inc. (Houston; www.kbr.com) announced that it has been awarded a contract by Linggu Chemical Co. Ltd (Linggu) for an ammonia plant in Yixing City, Jiangsu Province in China. Under the terms of the contract, KBR will provide the technology…
Toray Industries, Inc. (Toyko; www.toray.com) announced its decision to establish a joint venture company in the Republic of Korea together with MCM Co., Ltd., a group company of the Chung Ho Nais Group, which is engaged in the sales of…