China Petrochemical Corp. (Sinopec) has let a contract to a division of E.I. DuPont de Nemours & Co. for delivery of grassroots alkylation units to an additional two of its subsidiaries’ refineries in China. Source: News
05 Dec 2017 13:56:36 EST – The latest stock information is now available for your stocks
XOM Last 83.185 Change –0.385 % Change 0.46% Volume 4,608,780 As of: 5 Dec 2017 13:56:36 EST View: Stock Quote | News CVX Last 120.5515 Change –0.2885 % Change 0.24% Volume 2,199,431 As of: 5 Dec 2017 13:56:36 EST View: Stock Quote | News COP Last 51.5801 Change +0.2901 % […]
Chinese firm rescinds AWE takeover offer
China National Petroleum Corp. subsidiary China Energy Reserve & Chemical Group has withdrawn its $430-million (Aus.) takeover bid for AWE Ltd. The unsolicited offer, made last week, proposed 71¢/share for the Australian resource company, a 30% premium on its trading price at that time. Source: News
API launches voluntary program to reduce methane, VOC emissions
The American Petroleum Institute launched a voluntary program that initially will concentrate on reducing wellhead emissions of methane and volatile organic compounds, and ultimately will try to improve other environmental conditions at operations across the US. Twenty-six participating companies will begin to implement the program starting Jan. 1, 2018, API said. Source: News
Saskatchewan’s climate plan lacks carbon tax
Saskatchewan has departed from the approaches of neighboring provinces and the government of Canada with a climate-change strategy lacking carbon taxation. Environment Minister Dustin Duncan introduced a plan he called “broader and bolder than a single policy such as a carbon tax.” He said it will “achieve better and more meaningful outcomes over the long […]
DOT plans to rescind rail tank car pneumatic brake rule
The US Department of Transportation said its Pipeline & Hazardous Materials Safety Administration and Federal Railroad Administration plan to rescind a requirement that electronically controlled pneumatic (ECP) brakes be used on certain rail tank cars. The American Petroleum Institute welcomed DOT’s Dec. 4 announcement. Source: News
Dana Petroleum brings Western Isles development on stream
Dana Petroleum Ltd. has brought its Western Isles development on stream in the UK North Sea after project partners invested about $2 billion on the project involving Harris and Barra oil fields in 540 ft of water nearly 100 miles east of the Shetlands. Source: News
05 Dec 2017 12:56:26 EST – The latest stock information is now available for your stocks
XOM Last 83.17 Change –0.40 % Change 0.48% Volume 3,987,069 As of: 5 Dec 2017 12:56:26 EST View: Stock Quote | News CVX Last 120.69 Change –0.15 % Change 0.12% Volume 1,970,901 As of: 5 Dec 2017 12:56:26 EST View: Stock Quote | News COP Last 51.5348 Change +0.2448 % […]
Lebanon sets 80% local worker requirement
Lebanon will require that the workforce of its prospective oil and gas industry be 80% Lebanese. Energy Minister Cesar Abi Khalil said in a news conference in Beirut that the requirement is part of legislation to be submitted soon to the Cabinet, according to Lebanese press reports. Source: News
Canada Kuwait Petrochemical advances Alberta PP complex
Canada Kuwait Petrochemical Corp., a joint venture of Pembina Pipeline Corp. and Petrochemical Industries Co. KSC, has let a contract to Jacobs Engineering Group Inc. to provide front-end engineering design services for a proposed 1.2 billion-lb/year grassroots, integrated propane dehydrogenation and polypropylene complex in Sturgeon County, Alta. Source: News