IHS Chemical Week

Archives :: People & Business :: Energy and Feedstocks

Displaying 21 - 40 of 1510 stories.
January 21, 2016
King Salman bin Abdulaziz Al Saud, the king of Saudi Arabia, and Xi Jinping, president of China, have inaugurated the Yanbu Aramco Sinopec Refining Co. (Yasref) refinery at Yanbu. The...
January 21, 2016
Increased demand for diesel and more stringent sulfur regulations continue to fuel strong increases US refinery demand for hydrogen and merchant suppliers, mainly industrial gas...
January 19, 2016
The global decline in crude oil prices has helped push down the average US retail gasoline price to its lowest mark since February 2009, according to automobile organization AAA.  Gasoline is typically cheaper during winter because of weak demand, but the current price is 18 cts/gal less than one year ago....
January 19, 2016
Suncor Energy (Calgary, AB) will acquire all the shares of Canadian Oil Sands (COS; Calgary). The companies agreed on a deal after Suncor upped its takeover offer to C$4.24 billion...
January 19, 2016
Elevance Renewable Sciences (Woodridge, IL) has completed scaling up a second-generation biorefinery technology of the company’s olefin metathesis technology, using ethylene and...
January 18, 2016
The Texas Commission on Environmental Quality (TCEQ) has given preliminary approval to an air quality permit allowing Valero to build a 13,000 bbl/day alkylation unit at its Houston refinery, according to a notice published by on 13 January. Valero expects to make a final investment decision on the project during the first quarter, with startup slated for 2018, according to a company presentation released earlier this month....
January 15, 2016
BHP Billiton (Melbourne) says it plans to include an impairment charge of approximately $4.9 billion posttax ($7.2 billion pretax) in its results for the second half of 2015 to account for the effect of low oil and gas prices on the carrying value of its onshore US assets....
January 15, 2016
The European Commission has opened an in-depth investigation to assess whether Halliburton's proposed acquisition of Baker Hughes would impede competition in the European Union...
January 14, 2016
As part of an industry-wide commitment to help European chemical companies to improve their energy efficiency and competitiveness Cefic has announced a project to support smaller...
January 25, 2016
Saudi Arabian chemical producers are assessing the impact of the energy and feedstock price hikes announced by the Saudi government in its state budget on 29 December 2015. The...
January 12, 2016
BP says that it will cut 4,000 more jobs in its worldwide exploration and production business during the next two years. The planned job losses represent about 5% of BP's total...
January 12, 2016
Petróleos Mexicanos (Pemex; Mexico City) has authorized ICA Fluor, Fluor’s engineering and construction joint venture with Empresas ICA, to proceed with the engineering...
January 11, 2016
Forecasts call for global growth to continue on a modest path. US growth is improving and expected to average more than 4%/year through 2020 (below), while Asia moderates on weakening growth in China (p. 18). European growth will continue to be sluggish (p. 19), weakness in Brazil weighs on prospects in Latin America (p. 20), and cheap oil is is putting the brakes on Mideast investment (p. 21). A review of markets and finance follows (p. 22)....
January 6, 2016
US aromatics continued to see downward pressure from falling energy prices as near-month crude futures on Wednesday fell to an 11-year low. The decline was mostly due to continued...
January 4, 2016
Amyris (Emeryville, CA) has signed its first biobased farnesene supply agreement for the nutraceuticals and vitamins market. Amyris says the deal is "a multimillion-dollar"...
December 31, 2015
Enterprise Products Partners (Houston) has completed constructing, commissioning, and initiating the operations of the remaining 162-mile portion of the Aegis ethane pipeline from Lake...
January 4, 2016
Saudi Arabia—following four decades of cheap ethane feedstock prices, which gave local petrochemical producers a massive cost advantage—is more than doubling the price of...
December 29, 2015
Petrobras and Braskem have agreed on a new long-term naphtha supply agreement, under which Petrobras will provide 7 million m.t./year to Braskem, the two companies say. The contract...
December 23, 2015
In its latest annual World Oil Outlook (WOO) published on Wednesday, OPEC assumes the price of oil rising to $70/bbl in 2020 and $95/bbl in 2040, expressed in 2014 prices. These...
December 23, 2015
Royal Dutch Shell says it expects 2016 capital investment for the combined Shell and BG Group (Reading, UK), which Shell is acquiring, to be around $33 billion in current market...
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