4 big EPC contracts were recently awarded to Sinopec, J. Ray McDermott, ICA Fluor and SNC-Lavalin. Sinopec Awarded $1.3B Polypropylene Plant J. Ray McDermott Awarded Saudi Aramco EPC Project ICA Flour Wins $622M Clean Fuels Projects from PEMEX SNC-Lavalin gets new contract in Venezuela Sinopec Awarded $1.3 bln Polypropylene Plant Estimated Cost: $1.26 billion Engineering [...]
Category Archives: Industry News
Schlumberger to Acquire Smith International for $11 Billion
February 22, 2010 – 9:10 PM
HOUSTON, Feb. 22 — Oil and gas services provider Schlumberger Ltd. announced plans to acquire Smith International Inc. in a stock-for-stock transaction worth an estimated $11 billion. Both companies’ boards unanimously approved a definitive merger agreement. Smith, based in Houston, provides products and engineering services used during oil and gas drilling, completions, and production. Among [...]
New Projects in the Process and Power Generation Industries – As of 12/17/2009
December 17, 2009 – 9:58 PM
Below are details of 3 recently awarded contracts to different engineering firms. As new projects are given out to engineering, procurement and construction firms in the petrochemical industry, we will continue to aggregate the data and post the relevant information. The 3 upcoming projects are: Asab 3 Ammonia and Urea plants at FERTIL fertilizer complex [...]
Cap and Trade Passes Committee
November 12, 2009 – 7:35 PM
Cap and Trade Passed by Committee The Environment and Public Works Committee has approved carbon cap and trade legislation sponsored by Barbara Boxer (Democrat – California) and John Kerry (Democrat – Massachusetts). It now moves to the full Senate. At a time when our economy is struggling and unemployment is above 10%, Democrats are [...]
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