Industry: Oil & Gas

The current pursuit of US gas export terminals contrasts sharply with the situation five years prior, when oil and gas majors actively developed LNG import facilities. This shift is largely attributable to the shale gas revolution.

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 […]

AMERICAS Mexichem buying AlphaGary for USD 300 million Mexichem SAB de CV is paying USD 300 million to buy compounder AlphaGary Corp. from Rockwood Holdings Inc. AlphaGary is the largest division in Rockwood’s specialty compounds segment and it develops high-technology compounds for niche applications. It has multinational clients in such sectors as communications cables, disposable […]

Today the Wall Street Journal published a great piece on efforts by leading automakers such as Honda, Nissan, and General Motors to develop cheap cars for China’s millions.  These auto industry leaders are all collaborating with local, often state-owned Chinese companies to develop and produce cheap, small cars costing anywhere from $4,000 to $14,000.  While pessimists […]

AMERICAS Nova selling its stake in Ineos Nova joint venture Nova Chemical Corporation has sold its 50 percent stake in the Ineos-Nova polystyrene joint venture to its partner Ineos Group for an undisclosed price. Nova confirmed the sale on November 12 in its third-quarter earnings report. Nova and Ineos already had a similar JV in […]

AMERICAS DAK Americas buying Eastman’s PET business for USD 600 million Eastman Chemical Co. has agreed to sell its integrated PTA and PET resin business to DAK Americas LLC, owned by Alpek, a division of Mexican conglomerate Alfa SAB de CV, for USD 600 million in cash. The transaction is expected to be completed in […]

AMERICAS LyondellBasell approved for NYSE listing LyondellBasell’s shares of its common stock are expected to begin trading on the New York Stock Exchange (NYSE) on October 14. Class A ordinary shares will trade under the symbol LYB and Class B ordinary shares under the LYB.B symbol. The company was de-listed from the NYSE after the […]

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 Dow to test plastic waste as a fuel source Dow Chemical Co. will run a one-day pilot test to analyze if plastic waste can be used as fuel in its operations. The trial will take place by the end of July at Dow’s headquarters site. Plastics of all shapes, sizes, and resin types will […]

Despite the cost, altering China’s energy mix is feasible due to its adaptable infrastructure and directed investment capacity, enabling a shift to renewables for rising demand. Ongoing green investments and emissions reduction efforts reflect this strategy and address global climate concerns.

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, […]