Industrial Highlights | PTSC SEA-Yinson JV wins FSO contract in Vietnam
Oct,17 2025
Hanoi – Late July 2025 – A joint venture between PetroVietnam Technical Services Corporation (PTSC, 51%) and Malaysia’s Yinson Production (49%), under the name PTSC South East Asia (PTSC SEA), has secured a pivotal floating storage and offloading (FSO) contract for Vietnam’s burgeoning Block B gas development. Valued at approximately $600 million, the agreement outlines a firm 14-year lease-and-operate term, with potential extensions adding up to nine more years.
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Industrial Highlights | Uganda Advances $4 Billion Oil Refinery and Pipeline Projects
Oct,17 2025
Uganda is making significant strides in its oil and gas sector with the development of a $4 billion oil refinery and the East African Crude Oil Pipeline (EACOP). These projects are poised to transform the country's energy landscape and have notable implications for the use of clad plates in industrial infrastructure.
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Industrial Highlights | Inside the UK’s Nuclear Resurgence: Fuel Security, SMRs, and Advanced Engineering
Oct,17 2025
London | June 24, 2025 — The United Kingdom is launching its most ambitious nuclear energy programme in decades, reviving large-scale reactors and embracing small modular units through sweeping reforms, major investments, and strategic infrastructure upgrades to bolster national energy security and support net-zero objectives.
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Industrial Highlights | TotalEnergies Accelerates Upstream Expansion with Petronas Tie - Up Across Malaysia - Indonesia
Oct,17 2025
Kuala Lumpur / Jakarta | June 24, 2025 – TotalEnergies is dramatically expanding its presence in Southeast Asia through a deepening partnership with Malaysia’s Petronas, targeting high-potential upstream oil and gas assets in both Malaysia and Indonesia. This move positions the French supermajor alongside Petronas and Indonesia’s Pertamina to jointly develop key fields—including the new Bobara oil block and strategic assets in the Malay and Kutai basins .
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Industrial Highlights | ADNOC's Strategic Gas Infrastructure Initiatives
Oct,17 2025
As part of its commitment to bolstering the United Arab Emirates' energy infrastructure, the Abu Dhabi National Oil Company (ADNOC) is advancing several key projects aimed at enhancing gas processing capabilities and meeting growing energy demands.
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Industrial Highlights | U.S. Steel Market Confronts Supply Challenges Amidst Global Trade Dynamics
Oct,17 2025
The U.S. steel industry is currently navigating a complex landscape marked by supply constraints, fluctuating import levels, and evolving international trade relationships.
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Industrial Highlights | TotalEnergies and Partners Invest $700 Million to Expand Northern Lights CCS Project
Oct,17 2025
TotalEnergies, alongside its partners Equinor and Shell, has announced a $700 million investment to expand the Northern Lights carbon capture and storage (CCS) project in Norway. This expansion, which represents a major step toward large-scale industrial decarbonization, will significantly increase the capacity of one of the world’s most advanced CCS initiatives.
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Industrial Highlights | Shell Advances Gato do Mato Deepwater Project in Brazil's Pre-Salt Santos Basin
Oct,17 2025
Shell Brasil Petróleo Ltda., a subsidiary of Shell plc, has made the final investment decision (FID) to develop the Gato do Mato field, a significant deepwater project located in the pre-salt region of Brazil's Santos Basin. This initiative underscores Shell's commitment to expanding its deepwater operations and contributing to Brazil's energy sector.
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Industrial Highlights | India Deepens Energy Ties with Africa Amid Global Market Shifts
Oct,17 2025
India is intensifying its energy engagement with Africa, seeking to diversify its energy sources and strengthen strategic partnerships across the continent. This initiative comes as India's crude oil imports from Russia declined to a two-year low in February 2025, prompting a renewed focus on alternative suppliers.
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Industrial Highlights | Possible New Refinery & Petrochemical Plant Construction between Guyana and Dominican Republic
Oct,17 2025
Guyana and the Dominican Republic are advancing collaborative efforts in offshore oil and gas exploration, alongside plans to construct a petrochemical plant and potentially a refinery in Guyana.
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Industrial Highlights | EIA Predicts Alaska’s Oil Production to Rise in 2026, Reversing Decline Since 2017
Oct,17 2025
The U.S. Energy Information Administration (EIA) has projected that Alaska's crude oil production will increase in 2026, marking the first growth in nearly a decade. This forecast estimates an output of approximately 438,000 barrels per day (bpd), reflecting a 16,000 bpd rise from the previous year. The anticipated growth stems from the development of new oil projects in the region, aimed at revitalizing production that has been in decline since 2017.
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Industrial Highlights | Neptun Deep Project Advances with Major Contract Awards and Integration of Specialized Materials
Oct,17 2025
March 21, 2025 – The Neptun Deep project, Romania's largest natural gas development in the Black Sea, is progressing significantly with key contracts awarded to industry leaders. OMV Petrom and Romgaz, the project's main investors, are committing up to €4 billion to develop the offshore gas fields Domino and Pelican Sud, aiming to transform Romania into the European Union's top natural gas producer.
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Industrial Highlights | Foster Wheeler Wins EPC Contract for Petron Refinery Expansion — Highlighting Demand for Advanced Clad Materials
Oct,16 2025
Foster Wheeler, through one of its Global Engineering & Construction subsidiaries, has been awarded an engineering and procurement contract by Petron Corporation for the expansion of its Bataan Refinery in the Philippines. The project includes the detailed engineering and supply of two double-fired Terrace Wall coker heaters for a 37,500 barrels-per-stream-day Delayed Coker Unit (DCU).
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Industrial Highlights | ADNOC Gas Unveils $20 Billion Expansion Drive Through 2029
Aug,27 2025
Abu Dhabi – August 6, 2025 – ADNOC Gas, the integrated gas business of the UAE’s ADNOC, has announced plans to channel $20 billion in capital expenditures over the next four years, aimed at turbocharging processing capacity, LNG exports, and advanced gas infrastructure developments. One major near-term decision will focus on the Bab Gas Cap project, slated for a final investment decision by next year.
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Industrial Highlights | INPEX Advances FEED for Abadi LNG in Masela Block with Focus on CCS and Strategic Partnerships
Aug,27 2025
Jakarta, Indonesia – August 5, 2025 – INPEX has officially begun the Front-End Engineering Design (FEED) phase for the Abadi LNG Project in the strategic Masela Block, located in the remote Arafura Sea region of eastern Indonesia.
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Industrial Highlights | Fluor–JGC JV Selected to Lead FEED Work for LNG Canada Phase 2 Expansion
Aug,13 2025
Kitimat, British Columbia – August 4, 2025 – A strategic joint venture between Fluor Corporation and JGC Corporation has recently been entrusted with the Front-End Engineering Design (FEED) responsibilities for the proposed Phase 2 expansion of the LNG Canada facility, located on Haisla Nation's traditional territory. This announcement follows the successful launch of the site’s inaugural LNG shipment under Phase 1, a project where the JV was deeply involved in engineering, procurement, fabrication oversight, construction, and commissioning.
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Industrial Highlights | LG Chem & Enilive Launch Groundbreaking for South Korea’s First HVO/SAF Biorefinery
Aug,11 2025
Seosan, South Korea, August 4, 2025 – In a pioneering move for green energy, LG Chem and Enilive—through their joint venture LG-Eni BioRefining—have formally broken ground on South Korea's inaugural hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF) production facility. This strategic development takes place within LG Chem’s expansive Daesan petrochemical complex in Seosan, situated approximately 80 kilometers southwest of Seoul.
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Industrial Highlights | EnerMech Secures Multi-Year Offshore Shutdown Support Deal for Triton FPSO in the North Sea
Jul,25 2025
Aberdeen / Stavanger, July 3, 2025 – UK-headquartered engineering services firm EnerMech has won a three-year firm contract, with two optional extensions of two years each, from Dana Petroleum to support the Triton FPSO—located approximately 120 miles east of Aberdeen in the North Sea.
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