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Sinopec Engineering Posts Higher Annual Petrochemicals Revenue Share your comments
However, the state-owned energy and chemicals EPC and logistics company saw net profit land largely flat at $324.5 million as refining and coal revenues fell.
4:16 AM EST | March 19, 2024
ADNOC Completes Acquisition of 24.9 Percent Stake in OMV Share your comments
ADNOC completed its purchase of the 24.9 percent shareholding of Mubadala in OMV.
2:45 AM EST | March 05, 2024
QatarEnergy Starts Construction for Major Petrochemical Complex Share your comments
Qatar's ruler laid the foundation stone for a project expected to raise the Gulf state's petrochemical production to about 14 MMtpa.
1:30 AM EST | February 21, 2024
Sabic Makes FID on Petrochemical Complex in Fujian, China Share your comments
The complex, to be built in Fujian's Gulei Industrial Park, will consist of a mixed feed steam cracker, with an expected annual ethylene capacity of up to 1.8 million tons.
11:18 PM EST | January 23, 2024
LyondellBasell to Acquire Stake in NATPET for $500MM Share your comments
The joint venture 'positions LYB to grow and upgrade its core PP [polypropylene] business through access to advantaged feedstocks'.
2:35 AM EST | January 17, 2024
Shell Recognizes Impairments of Up To $4.5B Share your comments
The hit was 'primarily driven by macro & external developments as well as portfolio choices, including the Singapore Chemicals & Products assets'.
1:30 AM EST | January 11, 2024
Adnoc to Acquire OCI's Entire Stake in Fertiglobe for $3.6B Share your comments
The move follows speculation that Adnoc was mulling a potential takeover of the European chemical producer.
12:11 AM EST | December 19, 2023
Kemira to Divest O&G Portfolio to Sterling Share your comments
The transaction includes Kemira's manufacturing facilities in Mobile, Columbus, and Aberdeen in the USA.
2:00 PM EST | December 05, 2023
Dow Makes FID on $6.5B Net Zero Emission Cracker in Alberta Share your comments
The Path2Zero project aims to build the world's first net-zero scope 1 and 2 emissions integrated ethylene cracker and derivatives facility in Alberta, Canada.
2:00 PM EST | November 29, 2023
Lummus Bags Contract for PP Plant Tech with Sinopec Share your comments
Sinopec NZRCC will license Lummus' Novolen process technology for a new polypropylene plant in Ningbo, China, with a capacity of 500,000 tons per annum.
1:21 AM EST | October 16, 2023
Aramco Inks Second Deal in Weeks for Potential China Downstream Stakes Share your comments
Aramco signed an agreement to get talks going for its plan to acquire a 10 percent equity stake in Shandong Yulong.
2:30 AM EST | October 13, 2023
Ras Laffan Petrochemicals Project Secures $4.4 Billion Financing Share your comments
QatarEnergy and Chevron Phillips Chemical have secured $4.4 billion in financing for the Ras Laffan Petrochemicals project.
2:30 AM EST | October 11, 2023
IOCL Tags McDermott for Petrochemical Expansion Project Share your comments
McDermott gets another contract at the Panipat Refinery and Petrochemical Complex.
2:00 PM EST | August 08, 2023
Aramco Completes $3.4B Stake Buy from China's Rongsheng Share your comments
Aramco is expanding its downstream operation in China.
2:00 AM EST | July 24, 2023
ADNOC, OMV Confirm Talks for Giant Petrochemical Merger Share your comments
'The potential merger would mark the next transformative milestone in ADNOC's ongoing value creation and chemicals growth strategy...'
8:31 AM EST | July 18, 2023
Iran to Export Petrochemicals to Africa in Exchange for Other Goods Share your comments
Kenya, Uganda and Zimbabwe have agreed to buy petrochemicals from Iran in exchange for the sanctions-hit country importing other goods.
4:52 AM EST | July 18, 2023
Algeria's National Oil Firm Awards Contract for $1.5B Complex Share your comments
Petrofac has won the construction contract for Sonatrach's $1.5-billion petrochemical project.
3:00 AM EST | June 14, 2023
Reports Say Iran Petrochemical Workers Strike to Back Protests Share your comments
Unverified videos posted on Twitter purportedly show scores of laborers and uniformed workers marching through a plant in Assaluyeh in the oil-rich province of Bushehr on the Persian Gulf.
9:00 AM EST | October 10, 2022
Sabic Sees Profit Hit by Costs Share your comments
The company is controlled by oil giant Saudi Aramco.
2:00 PM EST | May 13, 2022
Halliburton Opens First Chemical Reaction Plant In Saudi Arabia Share your comments
Halliburton has expanded its footprint in the Eastern Hemisphere with a new chemical reaction plant in Saudi Arabia.
3:14 PM EST | March 04, 2022
Sabic Says Profit May Fall on Tight Supply Chains Share your comments
Sabic made net income of $1.3 billion in the fourth quarter, down 12 percent from the previous three-month period.
8:52 AM EST | February 03, 2022
Exxon and SABIC Open Texas Manufacturing Facility Share your comments
Construction of the facility began in the third quarter of 2019.
11:19 AM EST | January 21, 2022
Petrobras and Novonor to Sell $1.5B Braskem Stake Share your comments
Shares of Braskem, one of the world's top petrochemicals makers, fell as much as 5.1 percent in Sao Paulo Monday on the back of the announcement.
8:55 AM EST | January 18, 2022
ExxonMobil Investing in China PetChem Complex Share your comments
The complex will produce performance polymers used in packaging, automotive, agricultural and consumer products for hygiene and personal care.
12:01 PM EST | November 09, 2021
ExxonMobil to Build Plastic Recycling Plant in Texas Share your comments
The new facility follows validation of the initial trial of ExxonMobil's proprietary process for converting plastic waste into raw materials.
10:45 AM EST | October 15, 2021
Chevron Phillips Chemical EVP Retires Share your comments
Effective November 1, Elliott Johnson, currently the company's vice president of EHS&S, will join the executive leadership team.
3:02 PM EST | October 13, 2021
Oman Considers Sale of $3B Chemicals Unit Share your comments
Oman's state energy company OQ SAOC is weighing a sale of its German chemicals business as the Persian Gulf sultanate seeks ways to steady its finances, according to people familiar with the matter.
3:47 PM EST | September 22, 2021
Record Plastic Prices May Go Stratospheric Share your comments
Record plastic prices are poised to push even higher.
12:50 PM EST | August 27, 2021
Aramco Chemicals Deal Shows Signs of Paying Off Share your comments
Saudi Aramco's decision to buy chemicals maker Sabic, which led its debt levels to burst through a self-imposed borrowing target, is now showing signs of paying off.
9:53 AM EST | August 09, 2021
McDermott Bags Michelin FEED Deal Share your comments
McDermott International, Ltd has announced that it has been awarded a Front End Engineering Design contract from the Michelin Group in France.
7:09 AM EST | August 05, 2021
Adnoc Sells Trial Cargo of Blue Ammonia to Itochu Share your comments
The United Arab Emirates agreed to sell its first cargo of blue ammonia as the oil producer aims to boost supply of cleaner fuels to buyers in Asia.
9:35 AM EST | August 03, 2021
Exxon and Sabic Hit Milestone for Texas Project Share your comments
Co-venturers ExxonMobil and SABIC report mechanical completion of three units.
6:14 AM EST | July 28, 2021
Gas Byproduct Prices Surge 57 Percent Share your comments
Ethane, a key component in plastic production, is trading at a nearly two-and-a-half-year high in the U.S.
5:27 AM EST | July 27, 2021
McDermott Wins Baltic Chemical Project Share your comments
McDermott has won an engineering and procurement contract for what it states is the world's largest PE project.
3:51 AM EST | July 26, 2021
Repsol in $779MM Portugal Site Expansion Share your comments
Repsol has announced that it will expand its industrial complex in Sines, Portugal, to make it one of the most advanced in Europe.
3:38 AM EST | July 20, 2021
Texas Gulf Coast Project to Create Hundreds of Jobs Share your comments
Here is a recap of some of the most popular downstream-related articles on Rigzone from last week.
11:10 PM EST | July 03, 2021
Gulf Coast Petchems Project to Support Up to 600 Jobs Share your comments
Chevron Phillips Chemical 1-hexene unit at the joint venture's Cedar Bayou plant in Baytown, Texas. PHOTO SOURCE: Chevron Phillips Chemical/Business Wire
7:42 AM EST | June 23, 2021
Are Plastic Dividers Ineffective at Controlling the Coronavirus? Share your comments
Sales of clear plastic dividers have soared throughout the pandemic, but there's one hitch.
10:01 AM EST | June 08, 2021
Inflation Indicators Span Far and Wide Share your comments
Prices are on the rise for crude oil, chemicals, plastics, and much more as companies furiously try to stock up.
11:04 AM EST | May 17, 2021
Petchems Firms Report Best Profits in Years Share your comments
The cost of building blocks for everything from plastics to paint has surged over the past year.
8:40 AM EST | May 07, 2021
Rally in Plastics Prices Stokes Inflation Concerns Share your comments
Plastics are on a tear right now.
11:28 AM EST | March 18, 2021
Cold Blast in US Hits Asia Petchems Makers
The US is a major supplier of naphtha and propane to Asia.
10:03 AM EST | February 24, 2021
Dow Halts Political Donations to Biden Certification Opponents
Dow Inc. is halting campaign contributions by its PACs to members of Congress who voted to object to the certification of the US presidential election.
1:04 PM EST | January 11, 2021
BP Chemicals Deal Expands Reach of Ineos Share your comments
Here is a look back at some of Rigzone's most viewed downstream-related articles from the past week.
10:46 AM EST | January 10, 2021
Ineos Buys BP Chemical Businesses for $5B Share your comments
Ineos has revealed that it has completed the purchase of BP's global aromatics and acetyls businesses for a consideration of $5 billion.
7:17 AM EST | January 05, 2021
Chemical Giant to Buy Mercedes Auto Plant Share your comments
Jim Ratcliffe's Ineos Group agreed to buy a French car plant from Daimler AG.
11:24 AM EST | December 08, 2020
Fire Breaks Out at Equinor Methanol Plant Share your comments
Equinor (NYSE: EQNR) has announced that a fire with smoke development was reported on December 2 at 14:40pm in a compressor house at the methanol plant at Tjeldbergodden.
5:57 AM EST | December 03, 2020
Trump Admin Sanctions Firms Over Iran Petchems Sales Share your comments
The Trump administration announced sanctions on eight companies involved in the sale of Iranian petrochemicals.
9:25 AM EST | October 31, 2020
Saudi Aramco Trims Cost of Yanbu Project Share your comments
Aramco and its subsidiary Saudi Basic Industries Corp. intend to incorporate existing facilities into the Yanbu project instead of building an entirely new one.
11:19 AM EST | October 19, 2020
LyondellBasell to Acquire $2B Stake in Sasol Unit Share your comments
The deal is subject to a vote by shareholders.
10:33 AM EST | October 02, 2020