Petrochemicals
Italy’s Eni slashes 2016 investment plans after reporting heavy losses
Eni posted a net loss in the quarter of 8.46 billion euros ($9.4 bln) on Friday after booking charges on its stake in oil service company Saipem and chemical unit Versalis.
US chemical activity barometer slips in February
The Chemical Activity Barometer has four primary components, each consisting of a variety of indicators: 1) production; 2) equity prices; 3) product prices; and 4) inventories and other indicators.
Pemex worker dies from petrochemical plant fire
In a statement, Pemex said Jaime Cisneros was badly burned by the fire, which took place in the incinerator area of Petroquimica Mexicana de Vinilo (PMV) in the Gulf state of Veracruz.
US bulk chemical exports to rise in 2016, beyond as new projects start
Recent additions have resulted in a 10-millon ton increase in bulk liquid chemicals in the last year, and by 2025, US bulk liquid chemical additions will expand by over 25 million tons, the report finds.
BASF braces for lower operating profit as Chinese chemical sales slump
Slight profit gains in farming pesticides, and specialty chemicals and plastics, will be overshadowed by considerable declines at its basic petrochemical businesses and at its Wintershall oil and gas division.
Dow Chemical settles price-fixing case after Justice Scalia’s death
Dow agreed to pay $835 million to settle a price-fixing lawsuit, saying it had less chance to win its petition at the US Supreme Court after the death of Justice Antonin Scalia.
Fluor opens craft training center on US Gulf Coast
The new training center supplements Fluor’s ongoing investments in craft workforce development. Fluor currently provides no cost, after-hours training at many of its jobsites.
Honeywell, M. Holland expand nylon partnership
Under this partnership, M. Holland and Honeywell will be expanding their nylon distribution to include flexible packaging applications. M. Holland and Honeywell have been partners in distributing nylon for the past several years, primarily in the compounding markets.
BASF awards EPCM work to Fluor for revamp of Texas chemicals plant
Fluor previously completed FEED for the project under its North America partnership agreement with BASF and is executing the EPCM under the recent global engineering services agreement.
KBR licenses new alkylation technology in China
K-SAAT is a new technology to produce alkylate, which is an ultra-clean gasoline blendstock. Under the terms of the deal, KBR will deliver the licensing package for this first-of-a-kind project.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
