Wednesday, May 22, 2019

Chemical News

Natural Gas Consumption Up 10% in China

Image: CNPC

According to the preliminary estimate, the consumption of natural gas in China exceeded 27 million cubic meters in 2018, registering a YOY increase of more than 10%, said a report.The growing Chinese economy and stricter…

Natural Gas Liquid Market to Cross 14 mbl/day by 2025

Pic: Gazprom Neft

Global Natural Gas Liquid Market is poised to cross 14 million barrels per day by 2025, said a study.Japan natural gas liquid market is projected to surpass an annual consumption of 0.2 mbl/day said the latest study by…

Weir Oil & Gas Intros ULR Wellhead

Image: Weir Oil & Gas

Weir Oil & Gas, a upstream provider of pressure pumping and pressure control equipment and services, today announced an updated, field-proven Unitized Lock-Ring (ULR) wellhead.The ULR wellhead features a standardized design for shale plays in the U.S.

UK Fracking Tsar Quits

The British government's fracking tsar Natascha Engel said on Sunday she had quit the role after just six months because government policy was preventing the industry from developing.Fracking, or hydraulically fracturing…

Exxon, Chevron Q1 Earnings Expected to Dip

© lightmoon / Adobe Stock

Exxon Mobil and Chevron are expected to report lower quarterly earnings per share when compared with last year's first quarter, though their stocks have outperformed smaller companies with both in the midst of aggressive…

Saudi Aramco: World's Biggest Oil Producer

(Photo: Saudi Aramco)

Saudi Aramco was by far the world's biggest oil producer ahead of regional peers like Abu Dhabi National Oil Company (ADNOC) and listed oil majors Royal Dutch Shell, Total and BP, ratings agency Fitch said on Monday."Saudi…

TX Refineries Cut Output as Spill Curbs Shipping

Royal Dutch Shell Plc and LyondellBasell Industries cut production on Monday at their Houston-area oil refineries because of shipping disruptions along a waterway affected by a petrochemical fire and spill, according…

HazSub Spill Response Plans

© VanderWolf Images/AdobeStock

On August 18, 1990, the Oil Pollution Act of 1990 (OPA 90) was enacted into law. Section 4202 of that Act amended the Federal Water Pollution Control Act (FWPCA or Clean Water Act) to require tank vessels and marine transportation…

Shell Joins W2C Rotterdam

Pic: Port of Rotterdam

The British-Dutch oil and gas giant Royal Dutch Shell plc, commonly known as Shell, joins as equity partner with Air Liquide, Enerkem, Nouryon and the Port of Rotterdam, the largest port in Europe.The proposed project…

DNV GL Opens New Houston Facility

David Norfleet, Head of Section, Incident Investigation, DNV GL – Oil & Gas (Photo: DNV GL)

DNV GL announced Thursday that it has opened a new facility in Houston to provide failure analyses that support the industry in conducting effective and efficient root cause analyses.The facility will carry out the initial steps of a failure investigation…

Eni, SABIC Form Gas Venture

Image: Eni

Italian multinational oil and gas company Eni and Saudi Arabian chemical giant SABIC have signed a Joint Development Agreement to further develop an innovative technology for natural gas conversion into synthesis gas…

Global LPG Prices Decline: Dorian LPG

Pic: Dorian LPG

The biggest market change in the fourth calendar quarter of 2018, was the decline in crude oil prices, with Brent falling from a monthly average of nearly $82/barrel in October, finishing the year below $51 per barrel.

Liberty Wins North Sea Pipe Contract

Largescale pipe ready for dispatch by rail from Liberty Pipes, Hartlepool (Photo: Liberty)

The Liberty pipe mills at Hartlepool has been awarded a multimillion-dollar contract to supply steel pipeline for North Sea gas.The mills, which were acquired and relaunched by Liberty, part of Sanjeev Gupta’s GFG Alliance…

US Shale Lifts Exxon, Chevron Profits

© denismax / Adobe Stock

Exxon Mobil Corp and Chevron Corp, two of the world's largest oil producers, on Friday posted improved quarterly earnings that benefited from double-digit percentage increases in production from the top U.S. shale field.Shares…

Exxon Reorganizing Exploration Units

(Photo: ExxonMobil)

Exxon Mobil Corp on Thursday outlined a major reorganization of its global exploration businesses aimed at reversing years of weak oil and gas output.Chief Executive Darren Woods, who took over the helm two years ago…

MFDevCo Enters Collaboration with Marnavi Offshore

Image: MFDevCo.

London-listed Nu-Oil and Gas' 50%-owned joint venture, Marginal Field Development Company (MFDevCo), has entered into a strategic collaboration agreement with Marnavi Offshore, including its subsidiary Next Geosolutions.Marnavi…

BIOFUELS: Clariant, ExxonMobil, REG Partners on Research

Photo: Clariant

Clariant  signed a joint research agreement with ExxonMobil and Renewable Energy Group (REG) to evaluate the potential use of cellulosic sugars from sources such as agricultural waste and residues to produce biofuel,…

Stork Names Hunt UK Regional Director

Stork's U.K. organization has appointed Steve Hunt as Regional Director U.K. to lead the evolving business within a range of sectors, both on and offshore. He takes on the position with immediate effect and will be based in Aberdeen.Stork…

ExxonMobil, IBM Partner on Quantum Computing

© Siarhei / Adobe Stock

Oil supermajor ExxonMobil announced Tuesday it has signed a partnership agreement with technology giant IBM to advance the potential use of quantum computing in developing next-generation energy and manufacturing technologies.The…

RESMAN Acquires Restrack

RESMAN CEO Gunnar Hviding (Photo: Resman)

Norwegian-based well and reservoir surveillance and intelligent tracer systems provider RESMAN AS announced it has agreed to acquire tracer service provider Restrack AS, in a share purchase agreement. The combined company…