Across The Wire

  1. McDermott's Lummus Technology Awarded Petrochemicals Contract In China 11/7/2019

    McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by Formosa Chemicals Industries Ningbo Limited for the technology license and basic engineering services for a grassroots alpha-methylstyrene (AMS) recovery unit in Ningbo, China

  2. Delivery Of A Gas Carrier With Long-Term Charter 10/29/2019

    Ocean Yield ASA ("Company") is pleased to announce that the Company has taken delivery of the ethylene gas carrier Navigator Aurora today. Upon delivery, the vessel commenced a 13 years' bareboat charter to Navigator Holdings Ltd. ("Navigator Gas").

  3. Acquisition Of A Gas Carrier With Long-Term Charter: Ocean Yield 10/10/2019

    Ocean Yield ASA ("Ocean Yield" or the "Company") is pleased to announce that the Company has agreed to acquire an ethylene gas carrier for a total consideration of USD 69.75 million net of a seller's credit, with 13-year bareboat charter to a company 100% owned and guaranteed by Navigator Holdings Ltd. ("Navigator Gas")

  4. Alfa Laval Wins SEK 110 Million Natural Gas Order 9/27/2019

    Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - has won an order to supply air cooler systems to a gas processing plant in the U.S. The order has a value of approximately SEK 110 million and is booked in the Welded Heat Exchangers unit of the Energy Division, with deliveries scheduled for 2020

  5. McDermott To Explore Strategic Alternatives For Lummus Technology 9/20/2019

    McDermott International, Inc. (NYSE: MDR) today announced it recently received unsolicited approaches to acquire all or part of Lummus Technology, McDermott's industry-leading technology business, with valuation exceeding $2.5 billion

  6. Fujian Meide Taps Honeywell Technology To Monitor On-Purpose Propylene Production 9/17/2019

    Honeywell today announced that Fujian Meide Petrochemical Co., Ltd. will use the Honeywell Process Reliability Advisor to provide prescriptive monitoring of its UOP C3 Oleflex™ unit in China

  7. Air Products Advances Gasification Growth Strategy Via New Syngas Project With Debang Group In Jiangsu Province, China 9/9/2019

    Air Products (NYSE: APD) today announced a new joint venture (JV) with Debang Xinghua Technology Co., Ltd., a subsidiary of Jiangsu Debang Chemical Industrial Group Co., Ltd. ("Debang Group"), to build, own and operate a coal-to-syngas processing facility in Xuwei National Petrochemical Park, Lianyungang City, Jiangsu Province, China

  8. SOL: Sasol Limited: Lake Charles Chemicals Project (LCCP) Ethane Cracker Unit Achieves Beneficial Operation 8/28/2019

    In our announcement of 26 August 2019, we confirmed that the 72-hours beneficial operation production test run on the LCCP's Ethane Cracker was at the halfway mark. This test run has now been completed and we have achieved beneficial operation of the unit

  9. KBC Announces Strategic Partnership With AVGI To Help Oil Refiners Drive Profitable Petrochemical Growth 8/26/2019

    KBC (A Yokogawa Company) is extending its engineering simulation capabilities through a strategic partnership with AVGI, the leading source of simulation and optimization software for modeling olefin technologies

  10. Honeywell Technology Selected For PetroChina Guangdong Integrated Petrochemicals Facility 8/22/2019

    Honeywell (NYSE: HON) announced today that PetroChina Guangdong Petrochemical Company will adopt advanced heavy oil processing technology from Honeywell UOP for its integrated petrochemical complex in China