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Doha, Qatar • 13 February 2012 – His Excellency Dr. Mohammed bin Saleh Al-Sada, Minister of Energy & Industry and Chairman and Managing Director of Qatar Petroleum, today signed a Heads of Agreement (HOA) with Qatar Petrochemical Company (QAPCO) for the development of a new, mega-petrochemical complex in Ras Laffan Industrial City.

The complex includes a world-scale steam cracker, with the feedstock coming from natural gas plants in Ras Laffan. The project is scheduled for completion in 2018.

“This mega-project is yet another major step in our progress towards sustainable development of Qatar’s vast hydrocarbon resources as envisioned by His Highness the Emir Sheikh Hamad bin Khalifa Al Thani,” said H.E. Dr. Al-Sada. “It is an important milestone in the industrial development of the State of Qatar, especially for its petrochemical industry.”

Qatar Petroleum has an 80% equity interest in the project, with QAPCO taking up the remaining 20% stake. QP and QAPCO will jointly develop the petrochemical complex. QP and QAPCO have been working together for the past few months to plan the development of the project, which will contribute in meeting the continuously growing global demand for various petrochemical products.

The plant will produce 1.4 million metric tons per annum (MMTA) of ethylene, 850 thousand metric tons per annum (KMTA) of high-density polyethylene (HDPE), 430 KMTA of linear low-density polyethylene, 760 KMTA of polypropylene, 83 KMTA of butadiene. These products will be marketed primarily in high-growth markets in Asia, Africa and Latin America.

Houston, Texas — February 9, 2012 — KBR (NYSE: KBR) today announced that it has completed the registration and licensing of a new entity to carry out general engineering and project management services under the Saudi Arabian Oil Company (Saudi Aramco) GES+ initiative.

As part of completing the GES+ initiative, KBR acquired the business of Abdulhadi and Al-Moaibed Consulting Engineering Co. (AMCDE), a Saudi owned professional engineering company, and officially formed KBR-AMCDE. KBR will hold a 67% interest in this new entity. This new entity will provide front-end engineering and design (FEED), detailed design, procurement and project management services for Saudi Aramco. Initial staffing of the KBR-AMCDE enterprise is approximately 400 people.

KBR-AMCDE will perform the GES+ work under a five-year contract in support of Saudi Aramco’s Capital Program. This work will be performed from the KBR-AMCDE offices in Al-Khobar, Saudi Arabia. KBR also expects, over time, to use the KBR-AMCDE enterprise to perform engineering work outside the hydrocarbons sector in Saudi Arabia.

ZUG, Switzerland--(BUSINESS WIRE)--Feb. 13, 2012-- Foster Wheeler AG (Nasdaq: FWLT) announced today that subsidiaries of its Global Engineering and Construction Group have been awarded an engineering, procurement and construction management (EPCm) contract by Aramco Overseas Company B.V. (AOC), a subsidiary of Saudi Aramco, and by Dow Europe Holding B.V. (Dow) for a propylene oxide (PO) unit at Jubail Industrial City in the Eastern Province of the Kingdom of Saudi Arabia.

This unit will be part of a world-scale, fully integrated chemicals complex, one of the largest of its kind in the world, which will be constructed, owned and operated by Sadara Chemical Company (Sadara), a joint venture between Saudi Aramco and Dow. This contract has been awarded as an extension to the front-end engineering design (FEED) contract awarded to Foster Wheeler by AOC and Dow in 2008.

The Foster Wheeler contract value for the project was not disclosed and will be included in the company’s fourth-quarter 2011 bookings.  The world-scale unit is expected to be completed during the first quarter of 2015.

“A key factor in this win was the outstanding Foster Wheeler performance delivered on previous work for Saudi Aramco and Dow,” said Umberto della Sala, Chief Operating Officer of Foster Wheeler AG. “First, we received an excellent performance rating from both clients for the significant FEED work that we carried out for the new Jubail complex. Second, we recently completed a new propylene oxide facility in Thailand for the Dow-Siam Cement Group joint venture. The new facility was delivered by our Thailand operation on time, within budget, with an outstanding safety record and to very high quality standards. The PO unit of the Jubail project will be managed by our Thailand operation, bringing the additional benefit of rolling over the high-performing, experienced Thai PO project team onto the Jubail project. We also continue to support Saudi Aramco and Dow by executing additional FEED work scopes and assisting in the management of various other elements of the overall Jubail project.”

Paris, February 7, 2012: Total announces that the second phase of the Ofon field development in offshore Nigeria (Ofon Phase 2) has begun. Construction and installation contracts have been awarded for Ofon Phase 2, which is scheduled to come on stream in 2014.  The Ofon field is located in Oil Mining Lease (OML) 102, 65 kilometres off the Nigerian shores in a water depth of 40 metres.

Ofon Phase 2 will unlock the field’s undeveloped reserves to increase production to 90,000 barrels of oil equivalent per day from 30,000 barrels, by installing 4 new platforms: 2 production platforms, a processing platform and an accommodation platform. Most of the development is dedicated to recovering natural gas, which will be compressed and evacuated to shore.

In line with Total’s environmental stewardship commitments, Ofon Phase 2 is a major step forward in the Group’s plan to reduce its flaring of associated gas and its greenhouse gas emissions.  “In launching Ofon Phase 2, Total is increasing the pace of development of its resources in a sustainable manner,” commented Jacques Marraud des Grottes, Senior Vice President, Exploration-Production for Africa at Total. “It is a further growth driver supporting our strategy, which is primarily focused on developing deep offshore fields such as Akpo and, in the near future Usan by minimizing its greenhouse gas emissions.”