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Oil & Gas

Chevron Phillips to expand NGL fractionation unit

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

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

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

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

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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Crew of 1,500 works to clean up oil spill in Venezuela

CARACAS, Venezuela — A crew of 1,500 workers is working to clean up an oil spill at a river in eastern Venezuela that has forced authorities to close a
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Militant group attacks oil pipeline

LAGOS, Nigeria — A militant group has claimed responsibility for an attack on an Nigerian oil pipeline Saturday night, according to ABC News. In an email sent to journalists,
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Oil falls to $114 a barrel

LONDON — Oil fell to $114 a barrel on Monday amid fears that a failure to agree on a deal with Greece for a second bailout would suppress demand
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