Projects

Motiva, owner of the largest refinery in America and a Saudi Aramco subsidiary, has signed a memoranda of understanding (MoUs) with TechnipFMC and Honeywell UOP to explore petrochemical production in the US.

MEGlobal, a wholly-owned subsidiary of EQUATE Petrochemical Co., has awarded Fluor Corp. a contract for the mechanical construction of its new monoethylene glycol (MEG) manufacturing facility in Freeport, Texas, US.

Oil and gas producer Concho Resources Inc. has reported that will buy smaller RSP Permian Inc. in an all-stock deal valued at approximately USD $8 billion, making it one of the biggest producers in the Permian Basin.

The US Energy Information Administration’s (EIA) latest report entitled,

Weir Valves & Controls UK, which is owned by the Weir Group that has locations across North America, is delighted to confirm the design and build of one of the largest ever tungsten carbide control valves – designed to tackle the issues associated with black powder.

In light of recent political events in the Middle East and in the United States, oil prices have already seemingly found a floor with both global-benchmarks Brent crude and NYMEX-traded West Texas Intermediate (WTI) crude prices trading in a low to mid $60s range for an extended period of time.

According to the annual report from the Energy Information Agency (EIA), natural gas is predicted to  see a 40% increase in consumption by the US industrial sector by 2050.

BP has sanctioned the Mad Dog Phase 2 project in the United States. Mad Dog Phase 2 will include a new floating production platform with the capacity to produce up to 140,000 gross barrels of crude oil per day from up to 14 production wells.

Pennsylvania-based Admiral Valve, LLC dba CPV Manufacturing, has announced the awarding of three exclusive contracts with companies located in mainland China, Indonesia, and Taiwan.

Emerson has announced that it has begun accepting applications for the 2018 ASCO Engineering Scholarship program.