Houston — When coronavirus pandemic-related shutdowns and economic shocks gripped much of the world in April, demand for construction staple polyvinyl chloride careened to lows not seen since the global financial crash in 2008. Not registered? Receive daily email alerts, subscriber notes & personalize your
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Ultra Petroleum Corp. has emerged from bankruptcy and converted to UP Energy LLC, a private company with continued natural gas operations in Wyoming. On Sept. 14, the conditions to outlined in the Chapter 11 plan of reorganization, confirmed by the US Bankruptcy Court for the
Orca Energy Group Inc. has suspended ongoing efforts to acquire and develop an integrated gas business in African countries outside of Tanzania in light of challenging market conditions for the oil and gas sector, taking into account the impact that government responses to the COVID-19
London — The concept of a one-size-fits-all shipping fuel is in the past, with hydrogen and ammonia the leading candidates to meet cleaner fuel goals, shipping company Euronav’s CEO Huge De Stoop said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
Highlights Aramco Oct announcement comes after ADNOC, Qatar had no cuts Demand recovery seen in India, China Spot Middle East supply seen from Kuwait, Qatar Singapore — Saudi Aramco has announced acceptances of October term LPG cargoes with some cancellations or cuts in cargo loadings,
Highlights Single-family housing starts rise 4.1% on month Data shows demand growth for construction staple PVC Houston — US housing starts in August fell 5.1% to 1.4 million from July, retreating after three months of strong gains, US Department of Commerce data showed Sept. 17.
Singapore — The global bunker industry’s smooth transition into the low-sulfur era mandated by the International Maritime Organization has sent a strong signal to the sector that it can achieve its next goal of decarbonization equally free of hurdles, industry sources said. Not registered? Receive
US crude oil inventories for the week ended Sept. 11, excluding the Strategic Petroleum Reserve, decreased by 4.4 million bbl from the previous week, according to data from the US Energy Information Administration. At 496.0 million bbl, US crude oil inventories are 14% above the
Offshore oil and gas operators in the US Gulf of Mexico evacuated platforms and rigs ahead of Hurricane Sally, which made landfall near Gulf Shores, Ala., Sept. 16 as a category 2 hurricane with maximum sustained winds of 105 mph. Based on data from offshore
Oil and Natural Gas Corp. Ltd. (ONGC) awarded Fugro a 3-year contract to provide integrated survey services for work now under way on the east and west coasts of India. The survey services include pipeline route engineering and rig site surveys using multibeam bathymetric,