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Oil & Gas

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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US shows most attractive ROI on producing propylene via PDH

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

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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GE reorganizes Energy business

FAIRFIELD, Conn. — GE announced July 20 that it will reorganize its Energy business into three standalone businesses effective in the fourth quarter of 2012. The Energy headquarters organizational
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Report analyzes India’s booming polymers industry

LONDON — According to a new report by business analysts GlobalData, India is currently the world’s third largest consumer of polymers, behind China and the U.S., with a share
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Joint venture established to build new petrochemical complex in Oman

MUSCAT, Oman — Oman Oil Company (OOC) and the International Petroleum Investment Company (IPIC) announced the formation of a joint venture, Duqm Refinery and Petrochemical Industries LLC, to own
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Canola oil supplier to increase processing capacity by 25%

WINNIPEG, Canada — Richardson Oilseed Limited is increasing crushing capacity at its canola processing plant in Yorkton, Saskatchewan, by 25% due to growing demand for Canadian canola and canola
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Aither Chemicals launches ‘Open Season’ for ethylene

SOUTH CHARLESTON, W.Va. — Aither Chemicals LLC has signed a Memorandum of Understanding (MOU) to launch an “Open Season” for ethylene from a potential catalytic ethane cracker in the
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Depth Compensator for Offshore Drilling Applications

Tobul’s SEAsure™ depth compensator is specifically designed for offshore drilling and production applications that demand high strength performance and resistance to seawater. The SEAsure™ depth compensator utilizes undersea pressure
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Financing approved for largest petrochemical complex in Americas

VERACRUZ, Mexico — Braskem Idesa, a joint venture between Brazil’s Braskem SA and Mexico-based Grupo Idesa, has received approval of a line of credit in the amount of $700
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