Marathon Oil's newly announced CEO will bring international experience to enhance the company's global operations, analysts said Thursday. Long-time leader Clarence Cazalot is stepping down as president and CEO on August 1, after 14 years ...
Tags: Marathon CEO, Chemicals
Sherwin-Williams Protective and Marine Coatings has launched Magnalux 404 FF, the first styrene-free vinyl ester for use with steel and concrete substrates in the oil and gas market. The new coating is specially formulated to combat ...
Tags: Construction, Chemicals
Total E&P Indonesie expects the giant Mahakam gas block's proven reserves to fall to 2.7-3 Tcf by 2017 and plunge further to 1.3-1.6 Tcf in 2018 due to natural depletion, a company official said Thursday. "At the end of 2012, the ...
The US Department of Interior on Thursday extended the comments deadline for a proposed rule governing hydraulic fracturing on public lands by an additional 60 days after industry groups protested the original 30-day comment window. ...
Tags: US, Chemicals, Federal Fracking
Europe's refiners are likely to raise production in July because gains in product premiums have recently outpaced crude prices, traders said Thursday. This could mark the end of a period of limited production in Europe that has lasted ...
Tags: European, Chemicals, Production
It was assessed by SunSirs that in the tracked 100 spot commodities,14 commodities increased in prices, 30 fell and 56 remained unchanged on 07/06/2013.The largest rises were Silver (0.63%),PC (0.51%),Cold rolled sheet (0.42%),while the ...
Tags: Spot Commodities, Chemicals
The development of a grassroots LNG industry in western Canada's British Columbia will be a key factor in companies finalizing plans to invest in new petrochemical ventures in neighboring Alberta, industry officials and producers said late ...
Tags: Canada, LNG Projects, Chemicals
New cleaner polypropylene carbonate (PPC) polymers that promise to transform the biodegradable polymer industry are being created by biomolecular engineers at the University of Sydney. The plastics will be used for fully recyclable ...
Tags: polypropylene carbonate, Chemicals, biodegradable polymer industry
OCI N V plans to sell a minority stake in its Beaumont, Texas, methanol and ammonia plant in a second half of 2013 initial public offering, the Dutch-listed parent of Orascom Construction Industries said Wednesday. The funds from the IPO ...
Faced with "risk-adverse" South Korean investors, Calgary-based mid-size producer Bellatrix Exploration abandoned a C$300 million (US$289 million) joint-venture but is confident it can have a new partnership in place within two months, ...
Tags: Canada, Bellatrix, Cardium Oil
Freeport-McMoRan Energy has missed its deadline and can no longer build an onshore Alabama pipeline to a longer offshore pipeline that would have brought liquefied natural gas from an import terminal in the Gulf of Mexico, the US Federal ...
The June US benzene contract price settled 5 cents/gallon ($14.95/mt) lower at $4.42/gal ($1,321.58/mt), sources said Friday. The benzene CP settled at $4.47/gal in May, an 11-cent jump from the prior settlement at $4.36/gal. Market ...
Tags: US, Benzene CP, Chemicals
Crude futures diverged late in the US trading day Wednesday, as the front-month ICE Brent contract slid from a session high of $104.07/b to a low of $102.85/b in a little over 40 minutes. ICE July Brent settled 20 cents lower at ...
Tags: Crude Markets, Chemicals, Brent
It was assessed by SunSirs that in the tracked 100 spot commodities,19 commodities increased in prices, 30 fell and 51 remained unchanged on 05/06/2013.The largest rises were Iron ore (1.52%),Dried cocoons (0.82%),Raw silk (0.80%),while the ...
Tags: China, Chemicals, Commodities Price
European naphtha crack futures reached a three-month high Tuesday amid talk of short covering and a potential uptick in demand from petrochemicals end-users, market participants said. The June CIF Northwest Europe naphtha crack spread -- ...
Tags: Chemicals