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April 22, 2016
ExxonMobil says it has started production at the Point Thomson natural gas condensates project on Alaska’s North Slope. The central pad will produce about 5,000 bbl/day of condensate, as well as 100 million cubic feet/day of natural gas, which will be re-injected for future recovery. The facility will reach its full production rate of 10,000 bbl/day of condensate when the west pad is brought online in a few months, says the company....
April 22, 2016
LyondellBasell reports first-quarter net income of $1.030 billion, down 11.5% year-over-year (YOY) from $1.164 billion. Declines in the olefins & polyolefins - Americas (O&P-Americas) and intermediates & derivatives (I&D) segments were somewhat offset by a gain in olefins & polyolefins - Europe, Asia, international (O&P-EAI). Sales totaled $6.743 billion, down 17.6% YOY. Adjusted earnings of $2.30/share beat the average analyst’s estimate of $2.28/share, as compiled by Thomson Reuters (New York)....
April 22, 2016
Repsol (Madrid) has entered into an agreement with Abastible (Santiago) to sell Repsol's liquefied petroleum gas (LPG) businesses in Peru, for 980 million Peruvian soles ($295...
April 21, 2016
Kuraray is studying the construction of a vinyl acetate monomer (VAM) plant in the Pasadena or Bayport, TX, area. The company discussed the plan during a grand opening celebration of its $300-million polyvinyl alcohol (PVOH) plant at Pasadena on 21 April. Kuraray did not say when the study would be complete....
April 21, 2016
PPG today completed the sale of its 40% stake in Pittsburgh Glass Works (PGW) to auto parts maker LKQ Corporation, as the company exits the automotive glass business. The stake sale is...
April 21, 2016
Altivia (Houston) has named Timothy Albert to plant manager of its petrochemical complex in Haverhill, OH. He was most recently plant manager at Chemours’ sulfuric acid plant in...
April 21, 2016
ACC’s US chemical production regional index (CPRI) for March rose 0.3% on a three-month moving average (3MMA), following a revised 0.1% gain in February and a 0.4% gain in...
April 21, 2016
Petróleos Mexicanos (Pemex) has confirmed that the number of fatalities has increased to 13, from three reported earlier, and that 88 are injured and receiving hospital...
April 21, 2016
Germany’s chemical industry association VCI (Frankfurt) has called for the negotiations currently being conducted on the Transatlantic Trade and Investment Partnership (TTIP) to...
April 21, 2016
Sherwin-Williams (SW) reported net income of $147 million for the first quarter, up 10.7% year-over-year (YOY) from $131 million. Net sales increased 5.1% YOY to $2.57 billion...
April 21, 2016
PPG today reported first quarter net income of $347 million, up 8.1% year-on-year (YOY), on sales that were roughly flat at $3.67 billion. Adjusted net income totaled $1.31/share...
April 21, 2016
Praxair has acquired five packaged and medical gas businesses with combined revenues of more than $40 million. Praxair says the deals improve geographic density. Financial terms were...
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