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Energy
S&P Global

FEATURE: Tight global PVC supply pushes prices to multi-year highs

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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Commodities
Oil & Gas Journal

Ultra Petroleum exits Chapter 11 as private operator

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

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Commodities
Oil & Gas Journal

Orca suspends efforts outside Tanzania, names interim CEO

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

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Energy
S&P Global

US housing starts fall 5.1% on month in August: Commerce data

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.

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Commodities
Oil & Gas Journal

EIA: US crude inventories down 4.4 million bbl

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

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Commodities
Oil & Gas Journal

ONGC lets integrated survey services contract to Fugro

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,

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