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Oil & Gas

Honeywell’s UOP to provide technology for petrochemical production in China

DES PLAINES, Ill. — Honeywell’s subsidiary UOP has been selected to help produce key ingredients for fuels, synthetic rubber and plastics in China. China''s Heilongjiang Anruijia Petrochemical Co. will
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Deadly explosion rocks Venezuela’s largest oil refinery

CARACAS, Venezuela — At least 39 people were killed and 80 others were injured Saturday when a natural gas explosion erupted at Venezuela’s largest oil refinery, Fox News reported.
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Exxon, Qatar Petroleum seek US permission to export liquefied natural gas

PORT ARTHUR, Texas — Golden Pass Products LLC, a joint venture of Exxon Mobil Corp and Qatar Petroleum, is seeking U.S. authorities'' permission to export liquefied natural gas from
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Mexichem, Occidental to form ethane cracker joint venture

MEXICO CITY — Mexican chemicals company Mexichem SAB has signed a memorandum of understanding with Oxychem, a unit of Occidental Chemical Corp., to form a joint venture for the
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BP sells Sunray, Hemphill processing plants to Eagle Rock Energy

HOUSTON — Eagle Rock Energy is buying BP’s Sunray and Hemphill processing plants and associated 2,500-mile gathering system serving the liquids-rich Texas Panhandle for $227.5 million. Eagle Rock and
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Formosa Chemicals shuts down petrochemical plant following fire

YUNLIN, Taiwan — Formosa Chemicals & Fibre Corp. shut down its 300,000-metric-ton-a-year styrene monomer production plant in central Taiwan following a fire Sunday afternoon, Fox Business reported. The facility
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Asia-Pacific to drive growth in polypropylene market, report predicts

KONSTANZ, Germany — According to a new report from industrial market research firm Ceresana, worldwide sales of polypropylene are expected to amount to more than $145 billion in 2019,
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Gas-to-liquids to generate $4 billion in annual investment over next decade

NORTHFIELD, Ill. — More than $4 billion per year over the next decade will be invested for plants to convert conventional and unconventional gas into liquids for use in
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Fire at Iran’s biggest petrochemical plant kills one, injures 15

TEHRAN, Iran — A gas leak in a feeding line sparked a fire Friday at Iran’s biggest petrochemical plant, AFP reported. The blaze at the Bandar Imam petrochemical complex
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Shell to boost investment in China downstream gas

BEIJING — Royal Dutch Shell announced Monday that it plans to boost investment in the downstream gas sector in China, MarketWatch reported. Shell is already heavily involved in upstream
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