Ineos has approved a €2.7-billion capital project to build both a grassroots ethane cracker and propane dehydrogenation unit in northern Europe. While a precise location for the project has yet to be determined, Ineos has assigned a project team to consider options for the new units, both of which will be designed to benefit from US […]

A subsidiary of Roc Oil Co. Ltd., Sydney, and private Smart Oil Investment Ltd. of China will serve as joint operator of a production-sharing contract that calls for development of Weizhou 10-3W oil field in the South China Sea offshore China. Source: News

The US natural gas outlook undeniably has improved substantially in the last 30 years, the chief executives of the nation’s two biggest multinational oil companies agreed on June 26. Source: News

Even with Mexico’s presidential election completed on July 1, politics will remain the biggest variable in Latin America’s oil and gas outlook, two Washington-based authorities told OGJ in separate interviews on June 13. The single certainty is that the situation in Venezuela is growing worse, they added. Source: News

The Organization of Petroleum Exporting Countries’ output cutbacks amid strong global oil demand growth have managed to eliminate the surplus of the Organization for Economic Cooperation and Development’s stocks. As of April, OECD commercial stocks had fallen in 8 of the previous 9 months, reaching a 3-year low and a 5-year average, according to data […]

GS Caltex Corp. has let a contract to KBR to supply its proprietary Selective Cracking Optimum Recovery (SCORE) technology license, basic engineering design, and proprietary equipment supply services for a grassroots mixed-feed cracker as part of GS Caltex’s previously announced project to build an olefins production complex near its existing refining and petrochemical operations at Yeosu […]