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TechnipFMC lands Vietnamese olefins plant contract category
Aug. 29, 2018

TechnipFMC lands Vietnamese olefins plant contract

British EPC giant, TechnipFMC has won a contract to carry out the licensing, engineering, procurement, construction, commissioning and start-up for Vietnam’s maiden olefins plant. The contract has been awarded by SCG-owned Long Son Petrochemicals Co. The plant will utilize TechnipFMC’s proprietary ethylene technology, to produce up to 1.6 million tons of olefin per year.

Oil hits USD 74 barrel high in three years category
April 19, 2018

Oil hits USD 74 barrel high in three years

Hitting levels not witnessed since 2014, brent crude broke through $74 a barrel on Thursday in early trading. As suggested by a Reuters report that Saudi Arabia and Russia, a key driver in a 24 oil producing economies consortium that has recovered its daily output by 1.8mn barrels/day in the last fifteen months, wants to see oil prices returning to $100/barrel.

Texas Shale assets sold for USD 100mn by Reliance India category
March 29, 2018

Texas Shale assets sold for USD 100mn by Reliance India

As the Indian oil-to-telecom consortium, Reliance Industries, moves closer to exit US shale investments, it is all set to sell some of its shale assets in the United States to Sundance Energy for $100 million. This is the second such sale by Reliance in the US after it sold a similar asset block in the Marcellus shale region in northeastern and central Pennsylvania.

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