IHS Chemical Week

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April 22, 2015
The European Commission says it has sent a statement of objections to Gazprom (Moscow), alleging that some of its business practices in Central and Eastern European gas markets...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/European-Commission-alleges-Gazprom-abused-dominant-position-in-Eastern-Europe-gas-markets_69674.html
April 21, 2015
The global surplus of light naphtha could increase by as much as 14 million m.t./year over the next five years, according to a study released today, “The IHS Energy and IHS Chemical Light and Heavy Naphtha International Market Review.” Although demand for light naphtha will continue to expand, supply will grow faster, propelled by booming tight oil production in the United States, which will become the world’s largest exporter of light naphtha by 2020, says IHS....
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Global-light-naphtha-surplus-could-increase-by-14-million-m-t-by-2020-IHS_69652.html
April 16, 2015
Total announced today that it has presented a plan for its French refinery assets to employee representatives. The company, under the proposals, will invest to upgrade the Donges...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Total-to-transform-two-refineries-in-France-as-part-of-a-wider-restructuring-plan_69469.html
April 13, 2015
Germany has set strict rules for domestic fracking. Recent draft legislation includes bans to protect drinking water, health, and nature in specific regions together with broad...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Germany-restricts-fracking-VCI-Dont-lose-the-opportunity-to-exploit-shale-gas_69366.html
April 13, 2015
The United Steelworkers (USW; Pittsburgh) says that five of its local unions in the United States remain on strike but that they are still working to ratify labor contracts. Royal...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/USW-union-still-on-strike-without-a-contract-at-five-sites-in-US_69350.html
April 10, 2015
Enterprise Products Partners (Houston) has started a supplemental, binding, open commitment period to determine shipper demand for incremental capacity being added on the Aegis...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Enterprise-starts-offering-additional-capacity-on-Aegis-ethane-pipeline_69331.html
April 8, 2015
Boosted by ongoing demand in the United States and firming crude oil prices, the European benzene-over-naphtha spread has moved into the $200s/m.t., up at least $100/m.t. on the month...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Europes-benzene-naphtha-spread-back-above-$200-as-US-Gulf-Coast-arb-opens-up_69278.html
April 8, 2015
Royal Dutch Shell said today that it has agreed to buy BG Group (Reading, UK), a leading energy company, for £47 billion ($69.9 billion). In a joint statement, the companies say...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Shell-to-buy-BG-Group-for-$70-billion_69273.html
April 2, 2015
EuroChem Group (Zug, Switzerland), a leading global fertilizer producer, today announced the completion of its acquisition of OJSC Astrakhan Oil and Gas Co. (OJSC AOGC). EuroChem has...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/EuroChem-gains-further-integration-to-raw-material-with-acquisition-of-upstream-company_69126.html
March 31, 2015
Idemitsu Kosan will reduce the capacity of its Chiba, Japan refinery by 20,000 bbl/day, or 9%, to 200,000 bbl/day, effective 1 April, and by another 35,000 bbl/day at a later date, the...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Idemitsu-to-cut-capacity-at-Chiba-refinery_69002.html
March 31, 2015
Sinopec Engineering Group (SEG) and ExxonMobil Research and Engineering (EMRE) have signed a joint-venture agreement to develop methanol-to-gasoline technology, SEG says. EMRE and SEG...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Sinopec-ExxonMobil-to-develop-methanol-to-gasoline-technology_69037.html
March 31, 2015
Enterprise Products Partners (Houston) says that Michael A. Creel, CEO of Enterprise’s general partner, intends to retire at the end of 2015. A.J. Teague, the company’s chief operating officer, has been elected to succeed him....
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Enterprise-CEO-Creel-to-retire-Teague-to-replace_69031.html
March 27, 2015
BASF said today that Mario Mehren, member of the board of executive directors of Wintershall (Kassel, Germany) responsible for exploration & production/Russia, North Africa and...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/BASF-appoints-new-president-of-oil-and-gas-and-Wintershall-subsidiary_68995.html
March 27, 2015
Chevron announced today that its wholly owned global energy subsidiary has entered into an underwriting agreement for the sale of its 50% stake in Caltex Australia (CAL). The company...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Chevron-to-sell-stake-in-Caltex-Australia_68974.html
March 26, 2015
A consortium comprising CB&I, Chiyoda International, and Zachry Group today announced the award of a contract valued in excess of $2 billion by FLNG Liquefaction 3 (Freeport LNG)...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/CB-and-I-Chiyoda-and-Zachry-consortium-awarded-contract-for-LNG-liquefaction-and-export-facility_68947.html
March 25, 2015
“Changing oil prices have not changed the fact that shale production technologies have unlocked an abundant long-term supply of natural gas in the region,” says Matt Aguiar, senior v.p. at ExxonMobil Chemical. “US gas production has grown by 45% over the past six years. The nation has a nearly 100-year natural gas supply, and it’s still growing.”...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/IHS-WPC-2015-ExxonMobil-sees-US-petrochemical-advantage-as-durable_68911.html
March 25, 2015
Basic chemicals generated record earnings last year, but low crude oil prices have transformed the outlook for 2015 and beyond, according to Dave Witte, sr. v.p. and general manager at IHS Chemical. Supply curves have flattened, feedslates are heavier, and costs have dropped, reducing the competitive advantage of low-cost producers, he explains. The result is that margins have migrated downstream to consumers and away from feed-advantaged geographies and assets, he says....
http://www.chemweek.com/people_and_business/energy_and_feedstocks/IHS-WPC-2015-Petchem-margins-to-remain-high-in-new-oil-environment_68908.html
March 24, 2015
Chemicals production in the United States grew by 4.2% on a year-on-year (YOY) basis in February, the largest gain since 2010, according to ACC’s US chemical production regional...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/ACC-US-chemical-production-posts-4-2-percent-YOY-gain_68867.html
March 19, 2015
Michael Vassiliadis, chairman of German trade union IG BCE (Hanover), which represents workers in the mining, chemical, and energy sectors, has called on the federal government to...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/German-chemical-trade-union-calls-for-"accelerated-decision-making"-in-energy-policies_68708.html
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