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Oil & Gas

Brazilian companies invest in Peru’s developing natural gas sector

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BRASILIA, Brazil — Three of Brazil’s leading petrochemical firms are investing heavily in Peru’s natural gas sector as the country prepares to build a new pipeline and petrochemical plants,
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South Korea’s Honam to build $5 billion petrochemical plant in Indonesia

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JAKARTA, Indonesia — South Korea’s Honam Petrochemical Corporation announced today it will build a $5 billion petrochemical plant in Cilegon, Indonesia, Bernama.com reported. "Honam has explored the possibility of
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Explosion sparks fire at Taiwanese petrochemical plant

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KAOHSIUNG, Taiwan — An explosion at a CPC Corp. plant in Taiwan on Saturday sparked a massive fire and disrupted the local petrochemical supply chain, asiaone reported. Operations of
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Chevron Phillips to expand NGL fractionation unit

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THE WOODLANDS, Texas — Chevron Phillips Chemical Company LP announced plans today to expand the Natural Gas Liquids (NGL) Fractionator Complex at its Sweeny Plant in Old Ocean, Texas.
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World’s largest petroleum exhibition kicks off in Beijing

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BEIJING — The 12th China International Petroleum and Petrochemical Technology and Equipment Exhibition (CIPPE) — the world’s largest petroleum exhibition — kicked off Monday in Beijing, BERNAMA.com reported. The
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Actress Lucy Lawless arrested in oil protest

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South Korea’s SK Group to build $1.1 billion petrochem complex in China

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Iran halts crude exports to UK, France

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TEHRAN — Iran halted crude exports to France and the UK on Sunday in a move to preempt a European Union ban, Bloomberg reported. Iran is suspending exports as
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Well blowout in Alaska spews 42,000 gallons of drilling mud

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ANCHORAGE, Alaska — Environmental regulators are continuing cleanup preparations today for the area around an exploratory well blowout on Alaska’s North Slope, The Washington Post reported. A crew drilling
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Sabic, Sinopec may build $5.3 billion methanol complex in Trinidad and Tobago

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RIYADH, Saudi Arabia — Saudi Basic Industries Corp., or Sabic, and China Petrochemical and Chemical Corp., or Sinopec, have agreed to start negotiations with Trinidad and Tobago to possibly
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