Middle East
Strategic buyers lead chemical M&A revival - report
Mergers and acquisitions (M&A) activity in the global chemicals industry surged following the recession, driven by interest from strategic buyers in the specialty chemical sector, according to a report issued Wednesday from Fitch Ratings.
Alfa Laval to supply heat exchangers for refinery in Kazakhstan
Alfa Laval has won an order to supply its Packinox heat exchangers to a refinery in Kazakhstan, the firm said on Wednesday. The order value is approximately SEK 55 million and delivery is scheduled for 2012.
EIA sees $125/bbl oil in 2035 amid rising demand from China, India
Global oil prices are likely to remain high, but oil consumption should continue to grow, with both conventional and unconventional liquids used to meet rising demand, according to the International Energy Outlook (IEO2011) study released Monday by the US Energy Information Administration (EIA).
Sasol plans gas-to-liquids project in Uzbekistan
South African energy and chemicals group Sasol signed an investment agreement with the Uzbekistan government to develop a gas-to-liquids (GTL) project in Uzbekistan. The agreement was completed with project partners Uzbekneftegaz and PETRONAS, according to Sasol officials.
Foster Wheeler wins EPC deal for Sasol expansion in South Africa
Foster Wheeler has been awarded a contract by Sasol to provide engineering, procurement and construction management (EPCm) services for the Sasolburg utilities expansion project at Sasolburg, South Africa.
IEA cuts global oil demand outlook, citing economy
Market observers are puzzled over the ‘paradox’ of weakening economic growth and oil demand indicators on one hand and $110/bbl crude on the other, according to the International Energy Agency (IEA), which on Tuesday cut forecasts for oil demand growth in 2011 and 2012.
BP sells stakes in southern Africa fuels marketing
BP has completed the sale of its fuels marketing businesses in Namibia, Botswana, Zambia, Malawi and Tanzania to Puma Energy. The sale of the final business in Tanzania completed on September 1, the company said.
Alfa Laval wins order for heat exchangers from Qatar natural gas project
Alfa Laval has received an order from Japanese engineering company JGC Corp. to supply heat exchangers for a major natural gas project in Qatar. The order value is approximately SEK 90 million and delivery is scheduled for 2012.
Foster Wheeler wins engineering design deal for hydrogen unit at Kazakhstan refinery
Foster Wheeler has been awarded a contract for the basic engineering design of a new hydrogen production unit, based on the company’s Terrace-Wall steam reforming technology, to be built at the Atyrau refinery in Kazakhstan.
Tyco inks supply deal with Shell for butterfly valves
The flow control unit of Tyco International has been selected by Shell to provide butterfly valves for the company’s global operations. The five-year agreement covers more than 2,500 of Tyco's Vanessa, Winn, NeoTecha and Sapag brand highly engineered butterfly valves, for use in projects, maintenance repair operations and turnaround applications, the company said.
- New Emerson industrial AI platform delivers enterprise-scale AI 5/11
- Worley to deliver FEED for Dow’s Path2Zero cogen project in Canada 5/11
- L&T awarded EPC contract for BCGCL's coal-to-ammonium nitrate project in India 5/11
- Loop Chemicals licenses chemical looping ammonia technology from Sandia National Laboratories 5/11
- LanzaTech selects North Sea Port, Ghent as site for Europe’s first commercial alcohol-to-jet SAF facility 5/11
- ControlAir releases new signal operated back pressure regulators 5/11
