Houston — US spot polymer-grade propylene prices fell sharply from all-time highs Feb. 24 as two of the three propane dehydrogenation plants in the US began restarting after coming offline during the deep freeze that hit the US Gulf Coast the week of Feb. 15.
all things petrochemicals
US crude oil inventories for the week ended Feb. 19, excluding the Strategic Petroleum Reserve, increased by 1.3 million bbl from the previous week, according to data from the US Energy Information Administration. At 463.0 million bbl, US crude oil inventories are at the 5-year
NEO Energy has agreed to acquire a portfolio of non-operated North Sea oil and gas assets from ExxonMobil. Following completion, NEO expects proforma 2021 production to be 70,000 boe/d and to grow organically to more than 80,000 boe/d in 2024 through ongoing field developments. The
US conversion margins improve on benzene, PX Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now US toluene conversion margins have improved on paper during the past week on the back of stronger benzene and paraxylene pricing, S&P Global Platts
Highlights Crude, gas, gasoil, gasoline and jet fuel still outside GST New Delhi keen to bring gas under GST to boost consumption Resistance from state governments the key roadblock Singapore — India’s aim to bring crude, transport fuels and gas under a unified tax regime
New York — The Asian Methyl Methacrylate (MMA) CFR China marker hit the highest Feb. 23 since S&P Global Platts started assessing the market in June 2020, driven by shortage in feedstock acetone, a spike in China domestic prices, and a sharp recovery in demand.
Tamaska Oil & Gas Ltd., Perth, has acquired a 20% interest in the Talisman Deeps project in production license WA-8-L in the offshore Barrow-Dampier subbasin of Western Australia. The license contains an undrilled up-thrown tilted fault block prospect named Napoleon which recent seismic mapping suggests
Santos Ltd., Adelaide, is expecting a final investment decision (FID) for its proposed carbon capture and storage (CCS) project at Moomba in South Australia by September. The company’s chief executive officer, Kevin Gallagher, mentioned the target date as part of a company year-end results presentation
Petróleo Brasileiro SA (Petrobras) has started the binding phase of the sale of its stakes in the Carmópolis cluster in Sergipe, onshore Brazil (OGJ Online, Nov. 20, 2020). Potential buyers qualified for the phase will receive a process letter with instructions on the divestment process,
October marks a historic but largely forgotten moment in the history of the oil sector, and something which is unlikely to ever be repeated if forecasts for the demise of the world’s most valuable fossil fuel prove accurate. Fifty years ago, BP – then known