Management

Technip Energies unveils sail away of bp Greater Tortue Ahmeyim FPSO

The FPSO will serve GTA Phase 1 site on the maritime border of Mauritania and Senegal. The floating facility measures 270 meters in length, 54 meters in width and 31.5 meters in depth.

TA’ZIZ and Proman sign shareholders’ agreement to develop UAE’s first methanol facility

The facility has an anticipated annual capacity of up to 1.8 MMt and will meet growing domestic and international demand for this clean and versatile chemical commodity.

Maire Tecnimont signs already announced $1.3 B EPC petrochemical contract

The $1.3 B EPC Lump Sum contract, already announced on December 21, 2022, is part of this complex and has been awarded to Tecnimont by a Joint Venture composed of QatarEnergy and Chevron Phillips Chemical.

Phillips 66 to acquire publicly held common units of DCP Midstream, LP

Phillips 66 and DCP Midstream, LP announced that they have entered into a definitive agreement pursuant to which Phillips 66 will acquire all of the publicly held common units representing limited partner interests in DCP Midstream for cash consideration of $41.75 per common unit.

ADNOC allocates $15 B to low-carbon solutions, new energies and decarbonization technologies

The announcement follows the guidance by ADNOC’s Board of Directors in November 2022 to accelerate delivery of its low-carbon growth strategy and the approval of its Net Zero by 2050 ambition.

Russia freezes Linde assets worth $488 MM

A Russian court has ordered nearly $500 MM of assets belonging to German industrial gases company Linde to be frozen at the request of a Russian joint venture building a gas complex.

Industry Perspectives: From talk to action: Why operators that act today will become the energy leaders of tomorrow

Trench, A., Powell, E., Partners in Performance

Time is running out on transformation for the oil and gas, refining and petrochemical industries.

Chevron Lummus Global announces award for one of the world's largest slurry hydrocracking units

Chevron Lummus Global LLC (CLG) announced Shandong Yulong Petrochemical Co., Ltd. has selected EST, which CLG licenses, for a slurry residue hydrocracking unit in Shandong Province, China.

Sponsored Content: How can more women drive innovation in our industry?

According to the international Energy Agency, women only account for around 22% of the workforce in the oil and gas industry. Progress has been made in recent years, but there is still much work to be done, and Aramco is committed to remaining an innovative and inclusive place to work for diverse talent.

Business Trends: Quality in construction: Taking a holistic approach

When it comes to quality in construction projects, it is easy to focus only on materials and installation—it makes sense that high-quality components lead to a high-quality end product.