Saudi Arabia downstream news
Eni and Pertamina sign MoU for refinery development
Eni and Pertamina have signed an agreement for the development of environmentally friendly refineries and trade business opportunities.
AS-Schneider and Binzagr JV starts production
Valve and valve-block manufacturing in the Germany-based facility has been officially in progress since July.
DNV GL forecasts gas CAPEX boost to fuel the energy transition
Latest report forecasts upstream gas CAPEX to grow to a peak of US$1.13 trillion in 2025.
OPITO appoints director to support global skills development
OPITO has appointed Mark Cullens to the new role of director of strategic development.
Production shutdowns and dip in operating rates challenge MMA market
Research by IHS Markit suggests that global MMA demand is increasing as supply becomes increasingly constrained.
Saudi Aramco, Air Products and ACWA Power form Gasification/Power JV in Saudi Arabia
The joint venture will purchase gasification assets, power block and associated utilities in Jazan Economic City from Saudi Aramco for over US$8 billion.
Saipem awarded downstream contracts
Saipem has been awarded contracts worth approximately US$800 million in total.
KBR awarded crude-oil-to-chemicals contract
Saudi Aramco and SABIC have awarded a contract to KBR for the development of part of a crude-oil-to-chemicals complex.
McDermott awarded storage tank EPC contract
McDermott International Inc. has been awarded a contract for engineering, procurement and construction of storage tanks.
Saudi Aramco discusses SABIC plans
Saudi Aramco has responded to media speculation regarding its interest in acquiring an ownership position in the Saudi Basic Industries Corp.