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Chevron Provides Details on the Future Growth Project at the Tengiz Field in Kazakhstan

SAN RAMON, Calif., February 15, 2012 – Chevron Corp. (NYSE: CVX) today reports that its affiliate Tengizchevroil LLP (TCO) expects to enter front-end engineering and design (FEED) in 2012 for an expansion project to increase total daily production between 250,000 and 300,000 barrels.

The Future Growth Project (FGP) will utilize sour gas injection technology used in existing operations. An early estimate of the total project cost is in the $6 - $8 billion range. The upcoming FEED work will refine the estimate range.

TCO is also undertaking an ongoing drilling program and has entered FEED on a well head pressure management project to support current operations.

An early estimate of the total project cost for the trio of projects is in the $20 - $25 billion range.Chevron has a 50 percent interest in Tengizchevroil. Other partners are KazMunaiGas, 20 percent; ExxonMobil Kazakhstan Ventures Inc., 25 percent; and LUKArco, 5 percent.

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Technip awarded subsea installation contract in Australia

Technip’s wholly owned subsidiary Global Offshore Pty Ltd. has been awarded a pipeline installation contract by Woodside Energy Limited for the Greater Western Flank Phase 1 Project located 130 kilometers North West of Karratha in Western Australia.

This pipeline will link the Goodwyn GH and Tidepole fields via a subsea tie-back to the existing Goodwyn A (GWA) platform and represents the next major development for the Woodside-operated North West Shelf Project.

The contract scope includes load out, transportation and installation of 16 kilometers of 16” gas flow line from the Tidepole manifold to the GWA platform.

Technip’s operating center in Perth, Australia will execute the contract, with the support from the Singapore office. Offshore installation will be carried out by the Global 1200 or the Global 1201, two flagship vessels that joined Technip’s fleet through the recent acquisition of Global Industries.

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Daelim-Hitachi consortium win the contract to supply core facilities of Thermal Power Plant

Daelim Industrial – Hitachi consortium signed a contract to supply two boilers which are core facilities to 9th and 10th units of Taean Thermal Power Plant with Korea Western Power at Grand Intercontinental Hotel on February 10, 2012. Total project volume reaches KRW565.1 billion, of which Daelim accounts for KRW356.6 billion. At the signing ceremony, more than 40 executives and staff including Moon-Duk Kim, CEO of Korea Western Power, Hong-Chun Park, Head of Daelim’s Plant Division, and Kanda, Director of the headquarters of Hitachi, attended.

The coal-fired 9th and 10th thermal power plants will be constructed in Taean-gun, Chungcheongnam-do, and each of them boasts Korea’s largest power generation with 1,050MW. Prior to this, Daelim had signed a contract to supply core facilities to 9th and 10th units of Dangjin Thermal Power Plant with over 1,000MW power generation in June 2011.

 

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KBR Awarded VCC License and Basic Engineering Package for TAIF Group’s Refinery Russia

Houston, Texas — February 14, 2012 — KBR (NYSE: KBR) today announced it was awarded a contract by TAIF Group to provide licensing and engineering services for the Veba Combi Cracker (VCC) to be implemented at the Nizhnikamsk refinery in the Republic of Tatarstan, Russia.

Under the terms of the contract, KBR will provide the License, Basic Engineering Package (LBEP), and other services for TAIF’s VCC-based Deep Conversion Complex. The complex will process 2.7 million tons per annum of refinery vacuum residues, and 1.6 million tons per annum of distillates into high value petrochemical feedstocks and Euro 5 diesel. This award marks the third VCC license, and KBR’s largest VCC project award since the acquisition of the rights to the technology in January 2010.

“KBR’s VCC technology is uniquely suited to process Russian crude derived residues and is an ideal solution for monetizing Russia’s large residue resource base,” said John Derbyshire, President, KBR Technology. “I look forward to our new partnership with TAIF as we embark on this large project.”

TAIF is a privately held, large production and investment company comprising of 67 subsidiaries and affiliates operating in the oil and gas processing, refining, petrochemicals, telecommunication, building and construction, banking and investments, and service sectors. For more information, visit www.en.taif.ru.

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Chiyoda to expand its regional operation in Singapore and South-East Asia

Chiyoda Corporation announces that Chiyoda Singapore, a 100% subsidiary of Chiyoda Corporation, has been awarded an EPC Contract for Infineum Singapore Pte Ltd. for the new manufacturing facility at Pulau Ayer Chawan, Jurong Island. The facility is to produce saliycylate, a unique detergent component, which is a critical part of Infineum's highly differentiated top-tier passenger car and heavy duty oil formulations, and its marine additive product slate.

For details please click 'Chiyoda to expand its regional operation in Singapore and South-East Asia'

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