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Shell fined $2.8 million for explosions and gas leak
June 19, 2019

Shell fined $2.8 million for explosions and gas leak

Two explosions and a gas leak at a chemical plant south of Rotterdam have resulted in a heavy fine for energy major Shell. The company has been fined $2.8 million by a Dutch court for violating Dutch labour and environmental laws. The company has also been found responsible for a leak of ethylene oxide gas that lasted from Nov.14, 2015, until Jan. 27, 2016, at the same plant.

Ampelmann finds first job in Mexico
March 5, 2019
Source: Ampelmann

Ampelmann finds first job in Mexico

Netherlands-based Ampelmann has inked its first contract in Mexico for providing offshore access services. With the award of this contract, Ampelmann has added a new region in its portfolio. The Dutch firm has deployed its fully motion compensated A-type system in Mexico, mobilised on a flotel. The system will enable safe transfer of personnel from vessels to offshore platforms, and back.

Mammoet join hands with Astro
Jan. 24, 2019

Mammoet join hands with Astro

In an attempt to expand its oil and gas transport solutions in Middle East, Netherlands-based Mammoet has joined hands with Dubai-based Astro Offshore. Mammoet, which provides engineered heavy lifting and transport services, is looking to grow its capability to provide onshore and offshore transport solutions for oil and gas construction projects in the Middle East. Astro Offshore provides services throughout Middle East, Asia and Africa.

Saudi Aramco concludes stake purchase in Arlanxeo chemicals JV
Jan. 3, 2019

Saudi Aramco concludes stake purchase in Arlanxeo chemicals JV

Saudi Aramco has concluded the purchase of 50% stakes in the Netherlands-based Arlanxeo joint venture (JV). Aramco has now gained full ownership of the synthetic rubber company. The oil major bought the stakes from Lanxess in a €1.5bn deal. Proceedings from the transaction will allow Lanxess to reduce financial debt. Arlanxeo, which produces synthetic rubber and elastomers, will operate as a wholly owned subsidiary of Saudi Aramco.

Key developments at Exxon’s Rotterdam refinery
Nov. 30, 2018

Key developments at Exxon’s Rotterdam refinery

Exxon’s Rotterdam refinery will undergo several key developments to meet the stringent quality standards in base stocks manufacturing. The upgrade will be the final step in support of the full stream production in 2019. The developments will include new lab facilities with state-of-the-art equipment, implementation of ExxonMobil’s proprietary Global BPIMS, and so on. The improvements are in line with ExxonMobil’s pledge towards product integrity and reliability at the Rotterdam refinery.

Aramco plans to emerge as industry’s super power
Aug. 13, 2018
Source: Saudi Gazette

Aramco plans to emerge as industry’s super power

In a press conference, Saudi Aramco and a leading chemical company Lanxess announced that the Saudi’s oil giant is interested in procuring Lanxess’s 50% share, worth €1.5 billion, in Arlanxeo. It is a Netherland-based chemical JV of Aramco and Lanxess. After this acquisition, Saudi Aramco will emerge as a fully strengthened company in the entire petroleum value-chain. Also, this will help Arlanxeo gear up the growth in the kingdom.

LyondellBasell in talks to acquire Braskem
June 18, 2018

LyondellBasell in talks to acquire Braskem

Dutch multinational, LyondellBasell, is into discussions with Odebrecht to acquire leading plastic producer, Braskem. The two companies jointly talked about sharing a strong culture of operational excellence and legacies of value-creating innovation. The negotiations are into preliminary phase and no agreements have been reached yet. Appropriate diligence, definitive agreements, and corporate approvals are still due.

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