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Oil & Gas

Exxon, Qatar Petroleum seek US permission to export liquefied natural gas

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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

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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

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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

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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

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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

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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

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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

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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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US shows most attractive ROI on producing propylene via PDH

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HOUSTON — The U.S. shows the most attractive return of investment on producing propylene via propane dehydrogenation (PDH), according to a new report released by Houston publisher and chemical
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Unipetrol to upgrade polyethylene production capacity in Czech Republic

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LITVINOV, Czech Republic — Czech chemical company Unipetrol is planning to upgrade and expand its polyethylene production capacity at its site in Litvínov in the northwest of the Czech Bohemia
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