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Oil & Gas

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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Value of polyurethane to rise, report predicts

NEW YORK — The global market value of polyurethane will rise in the coming years, with thermal insulation potentially becoming a key material application, predicts a new report by
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Formosa restarts largest naphtha cracker

TAIWAN — Formosa Petrochemical Corp. has restarted the largest of its three naphtha crackers after a two-week shutdown, Fox Business reported. The 1.2-million-metric-ton-a-year naphtha cracker began operations Friday at
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Chevron Phillips studies petrochemical project in Iraq

BAGHDAD — Chevron Phillips Chemical Co. signed a letter of intent to evaluate the feasibility of developing a petrochemical plant in Iraq, Bloomberg reported. The company, a joint venture of
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Iran inaugurates three petrochemical projects

MAHSHAHR, Iran — Iran today officially inaugurated three petrochemical projects in the country’s Mahshahr Petrochemical Special Economic Zone, PressTV reported. The projects include the polyvinyl chloride (PVC) production line
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Phillips 66 to work with Reliance on world’s largest gasification plant

HOUSTON — Phillips 66 has been selected by Reliance Industries Limited, India’s largest private sector enterprise, to provide technology for planned gasification plants in Jamnagar, India. Reliance''s Jamnagar site
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Brazilian companies invest in Peru’s developing natural gas sector

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

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

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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