Americas
Trump budget wants to halve oil stockpile, open Arctic refuge to drilling
WASHINGTON (Reuters) — US President Donald Trump's White House wants to sell half of the nation's emergency oil stockpile and open the Alaska National Wildlife Refuge to drilling as part of plans to balance the budget over the next 10 years, documents by the administration showed.
India moving beyond oil as seeks alternatives to OPEC
VIENNA/NEW DELHI (Reuters) — OPEC production cuts and the prospect of more expensive oil are pushing India to consider US and Canadian suppliers, as well as encouraging it to turn to renewable energy, the country's petroleum and natural gas minister said on Monday.
Mexico says supports OPEC cuts as way to stabilize oil market
VIENNA (Reuters) — Mexico supports an extension of OPEC's supply cuts as a way to stabilize oil markets and bring fresh investment into the country's growing energy sector, the Mexican deputy secretary for hydrocarbons said on Tuesday.
ExxonMobil completes new polyethylene lines at Mont Belvieu plastics plant
HOUSTON — ExxonMobil Chemical Company announced the mechanical completion of two new 650,000 tpy high performance polyethylene lines at its plastics plant in Mont Belvieu, Texas. The company expects production to begin during the third quarter of 2017.
Owens Corning to acquire cellular glass manufacturer Pittsburgh Corning
Owens Corning announced that it has signed an agreement to acquire Pittsburgh Corning, a producer of cellular glass insulation systems for commercial and industrial markets.
Dow signs coatings, silicones investment agreements in Saudi Arabia
MIDLAND, Mich. — The Dow Chemical Company signed an agreement to construct a state-of-the-art manufacturing facility to produce a range of polymers for coatings and water-treatment applications in the Kingdom of Saudi Arabia (KSA), and a memorandum of understanding for a feasibility study related to a proposed investment in the Company’s Performance Silicones franchise.
Saudi Aramco: looking for opportunities to expand in US over 10 yr
RIYADH (Reuters) — National oil firm Saudi Aramco is looking for opportunities to expand in the United States over the next 10 yr, and wants to develop the business of its Motiva refinery in that country, chief executive Amin Nasser said on Saturday.
Carlyle battles insurers in New York over Moroccan oil losses
LONDON (Reuters) — US private equity firm Carlyle Group is suing a group of its insurers over $400 MM worth of oil it claims it lost when Morocco's sole refinery went bankrupt two years ago, court documents show.
ExxonMobil, SABIC sign agreement for next phase of proposed US petchem project
RIYADH, Saudi Arabia — Affiliates of Exxon Mobil Corporation and SABIC signed an agreement to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering and design work.
California safety, health board approves new hazard regulations for refineries
OAKLAND, Calif. -- The Department of Industrial Relations' (DIR) Occupational Safety and Health Standards Board approved a regulation to strengthen workplace safety and health at oil refineries across the state. The new regulation provides a framework for anticipating, preventing and responding to hazards at refineries.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
