Industry: Natural gas & LNG

AMERICAS LyondellBasell Updates LyondellBasell prices USD 2.75 billion senior notes LyondellBasell Industries (LBI) has priced a senior note offering at USD 2.75 billion to support the chemical company’s emergence from Chapter 11 bankruptcy protection. The notes will be issued by LBI Escrow Corp., which will merge into subsidiary Lyondell Chemical Co., as part of Lyondell […]

AMERICAS LyondellBasell Updates China Petroleum & Chemical and TPG may acquire LyondellBasell China Petroleum & Chemical Corporation (Sinopec) and TPG Capital, L.P. (formerly Texas Pacific Group) are planning a joint bid to acquire LyondellBasell Industries AF S.C.A. Reliance Industries Limited have previously submitted a preliminary non-binding offer to acquire a controlling interest in LyondellBasell in […]

AMERICAS LyondellBasell Updates RIL raises an additional US$763 million to fund Lyondell’s buy Reliance Industries Ltd has raised US$763 million (Rs 3,465 crore), its third big equity fundraising in under four months. With this, the company has raised over Rs 9,000 crore (US$2 billion) by selling treasury stocks in three tranches. Reliance sold 33 million […]

I have just published an op-ed article on India’s oil and gas exploration and production policy.  It appeared in Business Line, India’s leading business newspaper.  The main argument is: That India does not fit ‘Big Oil’s’ strategy need not be disappointing. As the country’s economy grows, ‘Big Oil’ will have to find new business models […]

Despite negative commentary and conventional attribution to the Burlington Resources acquisition, a comparison with ExxonMobil’s XTO Energy deal suggests ConocoPhillips’ acquisition premium was not excessively high, implying other factors influence its stock underperformance.

The New York Times has published a piece commenting on the flood of recent oil field discoveries, far exceeding the pace in this decade. Much as this is cause for joy, new oil finds are deeper, costlier, and more difficult to process. Finally, we ought to have a few more data points before calling a […]

The Gulf of Mexico benefits significantly, as reduced fiscal burdens, political stability, accessible expertise, and technological advancements have transformed it into a prominent hub for hydrocarbon exploration and production.

Chemical companies announce price increases to combat energy costs Several companies such as Dow Chemical, Rohm & Haas, and Huntsman, announced their plans to increase prices for all their products. Dow Chemical Company announced that on June 1 it will raise the price of all of its products by up to 20 percent – depending […]

Total and Saudi Aramco consider the construction of a petrochemicals complex in Saudi Arabia Saudi Aramco and Total are planning to proceed with a previously announced refining and petrochemical project at Al Jubail, Saudi Arabia. The decision follows a comprehensive, joint front-end engineering and design study launched two years ago. The refinery will have a […]

Keltic Petrochemicals receives approval to construct a petrochemical complex in Nova Scotia Keltic Petrochemicals Inc. announced its plans to develop, construct, and operate a world-scale petrochemical plant in Goldboro, Nova Scotia. When completed, the facility will consist of ethylene, polyethylene, propylene, and polypropylene plants as well as a supporting cogeneration plant and a receiving terminal […]

My Turn – Dr. Balaji B. Singh – The year for Specialty Polyolefins SPO-FlexPO2008, June 25-27, 2008 Houston/Galveston, TX Comments: The start of the New Year heralds a new race for Specialty and value-added polyolefins. Chemical Market Resources focused on technology and value-added polyolefins since 1990 and has conducted over 40 multiclient studies on various […]

My Turn – Dr. Balaji B. Singh – The year for Specialty Polyolefins SPO-FlexPO2008, June 25-27, 2008 Houston/Galveston, TX Comments: The start of the New Year heralds a new race for Specialty and value-added polyolefins. Chemical Market Resources focused on technology and value-added polyolefins since 1990 and has conducted over 40 multiclient studies on various […]