Flowserve Signs Long-Term Strategic Agreement with Oil and Gas Giant Saudi Aramco

Flowserve Corporation, one of the world’s leading providers of flow control products and services for the global infrastructure markets including oil and gas, power, chemical water and general industries, today announced it has signed a 10-year strategic supplier agreement with Saudi Aramco, one of the world’s largest oil producing companies. The supply agreement includes Flowserve’s entire... 

Tag: flowserve al rushaid, flowserve al rushaid co ltd, best hp valves al khobar, flowserve technology advantage

E-MetaVenture Joins Franklin Mining on GTL Project

Franklin Mining, Inc. Chairman and CEO William A. Petty is pleased to announce that E-MetaVenture, Inc. has joined Franklin in the capacity of advisor on technical and commercial matters as related to GTL, CTL, and other related gas processing technologies. “E-MetaVenture, Inc, Houston, Texas provides independent consulting, design, and training services to the refining, gas processing and allied... 

Tag: iraj isaac rahmim, bolivia mining association, e metaventure inc

World Oil Awards Winners Announced

World Oil® magazine announced the thirteen winners of the 2008 World Oil Awards at the seventh annual black-tie gala dinner last night in Houston, Texas. The event, attended by close to 350 industry leaders, benefited two universities that offer programs leading to careers in the petroleum industry. Frank Springett of National Oilwell Varco won the inaugural Next Generation Committee Award for his... 

Tag: frank springett, mine drilling technology in world, best directional drilling halliburton weatherford, shell company oil winners, 10 best drilling and mining company in the world

The Linde Group enters into joint venture with SINOPEC subsidiary in China

The technology group The Linde Group has entered into a joint venture with SINOPEC Fujian Petrochemical Company Limited (FPCL), a subsidiary of China Petroleum & Chemical Corporation (SINOPEC), for the long-term supply of industrial gases to customers in the province of Fujian in south-eastern China. This collaboration will result in a capital outlay of around 100 million euro. The joint venture... 

Saudis and ConocoPhillips Press on With Refinery Deal

Saudi Arabian Oil Co., or Saudi Aramco, and ConocoPhillips approved continued funding for development of a refinery in Yanbu, Saudi Arabia, on the Red Sea. The project will create a 400,000 barrel-per-day refinery to process Arabian heavy crude. Startup is set for 2013. Both companies will be responsible for marketing one-half of the refinery’s production. Initial evaluation and front-end engineering... 

Tag: conocophillips refinery news, conoco phillips joint venture

Alcan and Ma’aden Sign Heads of Agreement for Proposed US$7 Billion ‘Mine-to-Metal’ Joint Venture

Alcan announced that it has signed a Heads of Agreement with Saudi Arabian mining company Ma’aden to develop a proposed US$7-billion integrated aluminum “mine-to-metal” project including bauxite mining, alumina refining, power generation and aluminum smelting. Alcan would hold a 49-percent stake in the project and would provide technology and operating management support, with Ma’aden... 

Tag: ras az zawr port facilities for power station, maaden aluminium smelter project, steps to signing a joint venture agreement, new project in maaden, ma aden holding

Crude Oil Falls From Six-Week High on Sufficient Fuel Supplies

Crude oil dropped on speculation that supplies from OPEC and other producers are sufficient to meet increased heating demand caused by a cold snap in the U.S. Temperatures in the U.S. Northeast, where 80 percent of the nation’s heating oil is consumed, will be below normal through Feb. 21, the National Weather Service said. OPEC may not need to cut production further if prices maintain their... 

Shell shelves Philippine refinery expansion

Pilipinas Shell Petroleum Corp., a unit of the Royal/Dutch Shell group, has shelved plans to expand its 110,000-barrel per day refinery in the Philippines due to increased costs, its spokesman said on Monday. Shell has decided to stop studying an expansion to its refinery in Tabangao, Batangas near Manila, said Bobby Kanapi, general manager for external affairs. “We will defer any major investment... 

Tag: shell tabangao refinery news update, shell tabangao news, shell tabangao batangas latest news, shell tabangao batangas philippines, pilipinas shell petroleum corporation tabangao

Saudi Aramco Acquires Shareholding in Japan’s Showa Shell

Saudi Aramco will acquire a 9.96% strategic shareholding in Showa Shell, a publicly traded Japanese refining and marketing company. The transfer of shares is expected to be completed in August this year, subject to obtaining regulatory approvals. Saudi Aramco has also agreed in principle to acquire an additional 4.99% of Showa Shell from the Royal Dutch/Shell GroupRoyal Dutch/Shell Group Royal Dutch...