Downstream contract news
TechnipFMC signs refinery expansion contract with MIDOR
TechnipFMC will undertake EPC work at MIDOR’s existing Egypt refinery.
Port of Corpus Christi and Carlyle to develop crude oil export terminal
Project would create first onshore location in the US Gulf capable of servicing fully laden very large crude carriers.
Inter Terminals to acquire NuStar’s liquid storage business
Inter Pipeline subsidiary will acquire a total of 9.1 million bbls storage.
Woodside signs cooperation agreement with ENN
The companies will explore a broad range of potential business opportunities.
Fluor awarded Valero cogeneration project in Wales
Fluor will undertake EPC work at Valero’s Pembroke Refinery.
Meridian Energy engages CIBC as financial advisor
CIBC will assist with the full project financing for Meridian’s Davis Refinery project.
APICORP signs a US$35 – US$40 million memorandum for Suez Company for methanol derivatives
The total project cost is estimated at US$60 million. The amount of planned debt financing is expected to be worth between US$35 – US$40 Million.
BASF and SINOPEC sign MoU to expand cooperation in China
The partners intend to build an additional steam cracker and to further expand their existing 50:50 joint venture, BASF-YPC Company, Limited.
McDermott, Saipem to partner in bid for NextDecade
The companies will make a joint bid for EPC contracts on NextDecade’s Rio Grande LNG project.
Philippines shortlists companies for LNG terminal, reports Reuters
According to a Reuters report, proposals have been narrowed down to those from PNOC, Tokyo Gas and CNOOC.