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Chevron to Expand Bangladesh Natural Gas Project

SAN RAMON, Calif., July 30, 2012 - Chevron Corporation (NYSE: CVX) today announced that its subsidiary will proceed with the expansion of its Bibiyana natural gas field in north-west Bangladesh.

The new project will include expansion of the gas plant to process increased natural gas volumes from the Bibiyana Field, additional development wells, and an enhanced gas liquids recovery unit. The project is estimated to cost approximately $500 million and is expected to boost Chevron's total natural gas production capacity in Bangladesh by more than 300 million cubic feet per day to 1.4 billion cubic feet per day, and 4,000 barrels per day of natural gas liquids. First production is expected in 2014.

George Kirkland, vice chairman, Chevron Corporation, said, "As the largest holder of natural gas resources in Asia-Pacific among our peers, this investment in Bangladesh further strengthens our regional portfolio of major gas projects and enhances our position as a leading supplier in the Asia Pacific region."

Melody Meyer, president, Chevron Asia Pacific Exploration and Production, said, "Bibiyana is the largest producing gas field in Bangladesh and a leading example of how technology, investment, and expertise can assist countries to utilize domestic resources to secure reliable, cleaner-burning, and affordable sources of energy."

Chevron to Expand Bangladesh Natural Gas Project

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National Instruments Announces R&D Expansion in Penang

KUALA LUMPUR – July 26, 2012 – National Instruments, a global technology company that began operations in Malaysia in 2009 with an $80 million capital investment, today announced plans for a significant expansion of the research and development (R&D) center in Penang. Over the next five years, NI plans to recruit 250 engineers in the Penang R&D center in electrical, mechanical and engineering management.

Once completed, the expansion will make NI Penang the largest R&D center for National Instruments outside of its headquarters in Austin, Texas. National Instruments provides engineers and scientists with software and hardware to meet any engineering challenge, including test, measurement, control and embedded design applications.

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“We are pleased that National Instruments has decided to expand their R&D operations in Malaysia,” said Dato’ Sri Mustapa Bin Mohamed, Minister of International Trade and Industry. “This is a testament to the continued attractiveness of Malaysia for multinationals.”

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Chiyoda awarded EPC Contract for Hitachi LNG Terminal

Chiyoda Corporation, Japan's laeding engineering and construction firm, today announced that Chiyoda has been awarded on EPC cntract by Tokyo Gas Engineering Co. Lt. for Hitachi LNG Terminal in lbaraki port, Hitachi district.

For details please click 'Chiyoda awarded EPC Contract for Hitachi LNG Terminal'

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Yokogawa Wins Control System Order for Combined Cycle Power Plant in Malaysia

Yokogawa Electric Corporation announces that its affiliate, Yokogawa Kontrol (Malaysia) Sdn. Bhd., has received an order from the CTCI Consortium*1, to supply control systems and field devices for the Kimanis combined cycle power plant*2, which is being built for Kimanis Power Sdn. Bhd. in the Malaysian state of Sabah, in the northeast part of Borneo island.

The Kimanis combined cycle power plant will have a total output of 300 MW (three 100 MW units). The first 100 MW unit, now under construction, is scheduled to start operation in December 2013.

This order is for a comprehensive range of control and instrumentation including the CENTUM® VP integrated production control systems for the power plant's boilers and its boiler and turbine auxiliary facilities; the ProSafe®-RS safety instrumented system for safely shutting down the plant if any abnormal conditions occur; exhaust gas analyzers; and differential pressure/pressure transmitters. Yokogawa Kontrol (Malaysia) Sdn. Bhd. will be responsible for project execution, including engineering, installation, and commissioning services.

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Yokogawa to Receive Control Systems Orders for Ichthys LNG Project in Australia

Yokogawa Electric Corporation announces that its subsidiary Yokogawa Australia Pty. Ltd. has been advised that it will receive orders to supply the control systems for the Ichthys LNG project, which is being developed in Australia.

The Ichthys LNG Project is a joint venture between INPEX (76%, the operator) and Total (24%). Gas from the Ichthys Field, in the Browse Basin approximately 200 kilometres offshore of Western Australia, will undergo preliminary processing offshore to remove water and extract condensate*1. The gas will then be exported to onshore processing facilities in Darwin via an 889 km subsea pipeline. The Ichthys LNG Project is expected to produce 8.4 million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with approximately 100,000 barrels of condensate per day at peak.

The products to be supplied by Yokogawa include CENTUM® series integrated production control systems, safety instrumented systems for detecting abnormal conditions and safely initiating emergency shutdowns, Exaquantum™ plant information management systems, PRM® integrated device management packages for monitoring and diagnosis of plant equipment, and OmegaLand operator training systems. Yokogawa will also handle the engineering, installation, and commissioning of these products and the training of operators.

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