Industry: Natural gas & LNG

Hyundai awarded US$169 mln project to build XLPE unit by Borouge Borouge has awarded a US$169 mln contract to Hyundai Engineering and Construction of South Korea to build a cross-linkable polyethylene (XLPE) unit at its petrochemical plant in Ruwais, Abu Dhabi. With an annual capacity of 80,000 tonnes, the unit is an added-value complement to […]

ADI Analytics officially opens the doors of its first office. Our new office is in the Energy Corridor in Houston, at 14521 Old Katy Rd, Ste 374, Houston, TX 77079. We’ve grown enough since opening our business last year that we’re now in our own space. As ADI’s clients are growing to appreciate the breadth […]

COAL Sinopec to build coal-based MTO project in China China Petroleum and Chemical Corporation (Sinopec), the second largest oil and natural gas producer in China entered an agreement with the government of Hebi city in China’s central Henan province to jointly develop a 1.8 million ton per year coal-based methanol to olefin (MTO) project. Sinopec […]

AMERICAS BP oil leak in Gulf of Mexico – Updates After a series of unsuccessful efforts, BP has made some headway in containing the oil spilling out of a well at a depth of 5,000 feet in the Gulf of Mexico. Following the failed “top kill” operation, BP deployed the lower-marine-riser-package (LMRP) cap containment system, […]

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 […]