Petrochemicals

Petrofac awarded US$500 million EPC contract in Saudi Arabia

Petrofac-rabighOilfield services company Petrofac has won a US$500 million EPC contract on Saudi Arabia’s Rabigh II petrochemicals expansion project

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DNO makes US$214 million offer to buy Calvalley Petroleum

CalvalleyNorwegian oil firm DNO made an unsolicited US$214 million all-cash offer to acquire Canada’s Calvalley Petroleum for US$2.25 per share

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Shell and QP plan major gas complex development in Qatar

Ras_Laffan_Industrial_CityShell and Qatar Petroleum (QP) have agreed to carry out the next project definition phase of front end engineering and design (FEED) for a major petrochemicals complex in Qatar’s Ras Laffan Industrial City (RLIC)

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BP left out of Abu Dhabi oil field bid

Oil_fieldBP has been excluded from the pre-qualification bidding process to develop Abu Dhabi's largest onshore oil fields for which the concession is due to expire in 2014

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PetroChina-led consortium begins production in Iraq oil field

TotalFrench oil major Total has said that a consortium, led by PetroChina and Petronas, has started production at the Halfaya field in Iraq

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