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Energy
Kristen Hays

Orbia scoping potential PVC acquisitions, expansions: CEO

Highlights PVC demand seen remaining strong as record-high prices ease Supply to remain constrained amid few expansions Mexico’s Orbia is scoping out potential debottlenecking and expansion opportunities for its polyvinyl chloride segment given expectations of continued robust demand, CEO Sameer Bharadwaj said July 29. Not

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Energy
Kristen Hays

International Paper sees higher costs, supply chain snags through 2021

Highlights Tight transportation affecting inflows of raw materials, outflows of products Pulp, paper feedstock caustic soda showing supply tightness, higher costs International Paper expects to wrestle with choked supply chains through the rest of 2021 while restocking inventories and working to increase output, executives said

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Commodities
Oil & Gas Journal

EIA: US crude inventories down 4.1 million bbl

US crude oil inventories for the week ended July 23, excluding the Strategic Petroleum Reserve, decreased by 4.1 million bbl from the previous week, according to data from the US Energy Information Administration. At 435.6 million bbl, US crude oil inventories are 7% below the

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Commodities
Oil & Gas Journal

Petrobras signs contracts for Buzios field FPSO

Petróleo Brasileiro SA (Petrobras) let contracts to SBM Offshore for the lease and operation of FPSO Almirante Tamandaré for 26.25 years. The contracts follow the signing of the binding letter of intent signed earlier this year (OGJ Online, Feb. 25, 2021). FPSO Almirante Tamandaré will

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Commodities
Oil & Gas Journal

Hess sets new greenhouse gas reduction targets

Hess Corp. has established a 5-year greenhouse has (GHG) emission target to 2025. The company intends to reduce operated Scope 1 and 2 GHG emissions intensity by 44% and methane emissions intensity by 52% from 2017. These targets exceed the 22% carbon intensity reduction by

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Commodities
Oil & Gas Journal

Neptune lets Cygnus subsea inspection contract

Neptune Energy today let a subsea inspection contract to Fugro for work on Cygnus gas field in the UK southern North Sea. Fugro will employ survey technology to inspect the subsea infrastructure, including pipelines and structures, and to undertake survey activities in advance of future

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Commodities
Oil & Gas Journal

EIA: US crude inventories up 2.1 million bbl

US crude oil inventories for the week ended July 16, excluding the Strategic Petroleum Reserve, increased by 2.1 million bbl from the previous week, according to data from the US Energy Information Administration. At 439.7 million bbl, US crude oil inventories are 7% below the

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