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Socar Turkey to Deploy BP’s Purified Terephthalic Acid Technology for New Turkish Refinery
March 1, 2018
Turkish oil and natural gas company Socar Turkey Enerji has signed a licensing agreement with BP to use the latter’s purified terephthalic acid (PTA) technology for a new refinery. Socar Turkey intends to deploy the technology in its new 900,000
Air Products to Acquire Shell’s Coal Gasification Technology Business and Patent Portfolio
February 28, 2018
Air Products has entered into an agreement to acquire Royal Dutch Shell’s Coal Gasification Technology business as well as Shell’s patent portfolio for Liquids (Residue) Gasification. Financial terms are not being disclosed, and the acquisition is expected to close in
GE and Noble Unveil New Digital Drilling Vessel for Offshore Drilling Industry
February 26, 2018
GE and Noble have launched what it claims to be the world’s first digital drilling vessel, designed to achieve 20 percent operational expenditure reduction across the targeted equipment and improve drilling efficiency. This is a concrete step forward to unlock
GTC Technology and Total to Partner on Natural Gas Conversion Process
February 15, 2018
GTC Technology has entered into a cooperative agreement with French oil and gas major Total to develop an innovative natural gas conversion process. The process will use less energy to manufacture the raw material used in the making of plastics
ExxonMobil and MagnaBond to Partner on New Well Integrity Evaluation Technologies
January 22, 2018
ExxonMobil Upstream Research has signed a three-year joint development agreement with MagnaBond to develop new technologies that could improve cost-effective evaluation of well cementing, casing and tubing. The agreement was facilitated by the Industry Technology Facilitator as part of its
Netzsch Unveils New Range of Multiple Screw Pump
January 15, 2018
Netzsch Pumpen & Systeme has unveiled its NOTOS line of multiple screw pumps which it claims is ideal for demanding pumping applications in the oil & gas, marine, power, and general industrial markets. Netzsch’s Multiple Screw Pumps are designed to
SoCalGas to Develop New Technology to Convert Natural Gas to Carbon Fiber
January 15, 2018
Southern California Gas is partnering with a development team to advance a new process that converts natural gas to hydrogen, carbon fiber, and carbon nanotubes. The low-emission process, selected for funding by the U.S. Department of Energy’s (DOE) Fuel Cell
MHI to License CO2 Capture Technology for Metafrax’s Chemicals Plant, Russia
January 5, 2018
Mitsubishi Heavy Industries (MHI) has signed an agreement to license flue gas carbon dioxide (CO2) capture technology for Russian chemical company PJSC Metafrax. The technology, known as the KM CDR Process, will be used for the Metafrax’s new chemical plant
Alco Bio Fuel to Deploy GE’s Asset Performance Management Software
January 5, 2018
Alco Bio Fuel, a Belgium biorefinery will deploy GE Power’s Predix-based Asset Performance Management (APM) solution to future-proof the refinery’s power-generation unit’s refinery field operations. The service contract will last for 10 years, and GE will also be responsible for
Oil Spill Response, Trendsetter, Halliburton to Develop Integrated Subsea Well-capping Solutions
December 20, 2017
Oil Spill Response (OSRL), Trendsetter Engineering and Halliburton have signed a Memorandum of Understanding (MoU) for integrated subsea well-capping response solutions. With the MOU, the companies will create a strategic alliance for oil and gas exploration and production companies globally,
