Apr 9, 2018

Saudi Aramco could expand in the US through developing a petrochemical plant in Texas

U.S.
Saudi Arabia
Oil and Gas
Sophie Chapman
1 min
The state-owned Saudi Arabian Oil Company (Saudi Aramco) has announced potential plans to expand in the US. The Middle Eas...

The state-owned Saudi Arabian Oil Company (Saudi Aramco) has announced potential plans to expand in the US.

The Middle Eastern petroleum and natural gas firm is anticipated to open a new petrochemical plant in Texas.

The company will do so through its US subsidiary, Motiva Enterprises, which aims to use the abundant natural gas in the country’s shale fields.

The subsidiary is also exploring the idea of expanding its Port Arthur refinery in the state.

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The refinery largest in the US in terms of capacity, with ability to process up to 603,000 barrels of crude oil per day.

Saudi Aramco announced in 2017 that they would invest an additional US$18bn in the refinery, and Motiva aims to add an ethane cracker to near the facility to boost ethylene production to 1.5mn tonnes per year.

“Motiva is actively exploring a number of opportunities as part of its growth strategy,” the firm stated.

“These opportunities include locations where we currently operate as well as new ones.”

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May 6, 2021

Global Offshore rebrands Enelift and invests in global hubs

Tubulars
rebrand
Globalhubs
Dominic Ellis
2 min
Enelift plans to augment existing solutions with robotics and remote operational and training technology

Global Offshore has rebranded Enelift and will invest "a seven-figure sum" in establishing new support hubs in Houston, Dubai, Singapore, Perth and the Caspian during the next six months.

The investment will cover oil, gas and renewables, mainly concentrating on manufacturing capability with associated R&D, as well as in stock held in the hubs.

The company’s flagship Hinge Lok technology provides aluminium, non-welded light weight transportation cradle for casing and tubing. Enelift now plans to enhance its offering by augmenting its existing solutions with robotics and remote operational and training technology, which will reduce manpower for handling offshore equipment that is transported and stored using the Hinge Lok system.

Enelift is partnering with "a Japanese robotics company" and the technology will be trialed with "a Norwegian operator on a Norwegian drilling rig", according to a statement.

Operating from its bases in Aberdeen, UK and Esbjerg, Enelift was founded by 35-year industry veteran and Managing Director Paul Brebner 10 years ago to offer the offshore energy industries safe, reliable and efficient storage and transportation of equipment.

The expansion plans are bolstered by the appointment of Jim Clark of the Craigendarroch Group to Chairman, and Adam Maitland to Non-Executive Director. Maitland is the Managing Director of Hutcheon Mearns IF, and brings his wealth of expertise in the field of corporate finance.

Brebner said Enelift may be a new name in the market, but the experience it brings is "industry renowned".

"Our solutions are underpinned by safety that enables inefficiencies and their associated costs to be eradicated – meaning operational personnel can focus doing what they do best, safely. We remain committed to providing the safest storage and transportation solutions for equipment in the sector as we grow our global operations," he said.

Clark said the market is changing and its solutions fully support customers’ economic and safety aspirations.

"We are very well placed to take full advantage of increasing opportunities in the Middle East, Africa, Far East and Americas. Safety is our absolute commitment to our customers and our support hubs will facilitate this. Aligning our identity to our entire offering ensures that we will drive our expansion through new products and global support sites across the rest of this year."

 

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