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ExxonMobil completely withdraws from the UK North Sea oil business

ExxonMobil completely withdraws from the UK North Sea oil business

According to Reuters, ExxonMobil and Shell are about to reach an agreement to sell their jointly owned natural gas fields in the southern North Sea of ??Europe to British independent producer Viaro Energy.
Companies
Jun 21, 2024 29
Iran plans to increase oil production

Iran plans to increase oil production

Recently, Iran's Tasnim News Agency reported that the Economic Committee led by interim Iranian President Mohammad Moheb has approved increasing the country's oil production from 3.6 million barrels per day to 4 million barrels per day.
Economies & Policies
Jun 06, 2024 52
ConocoPhillips acquires Marathon Oil for $22.5 billion

ConocoPhillips acquires Marathon Oil for $22.5 billion

On May 29, local time, ConocoPhillips announced the acquisition of Marathon Oil for an enterprise value of $22.5 billion, including $5.4 billion in net debt.
Companies
May 31, 2024 63
Total and Verbund plan to jointly produce green hydrogen in Tunisia and export it to Europe

Total and Verbund plan to jointly produce green hydrogen in Tunisia and export it to Europe

French energy giant Total (TTE.US) and Austrian utility Verbund AG are considering producing green hydrogen in Tunisia and then exporting the zero-emission fuel to Europe via pipeline.
Companies
May 30, 2024 52
Toray to invest $366 million to increase its carbon fiber and aramid fiber capacity in South Korea

Toray to invest $366 million to increase its carbon fiber and aramid fiber capacity in South Korea

Toray Industries plans to spend 500 billion won ($366.3 million) to expand its environmentally friendly materials capacity in South Korea, seeking new growth drivers through high-end products amid the recent slowdown in the petrochemical industry.
Companies
May 29, 2024 59
Qatar will sign more long-term LNG agreements this year

Qatar will sign more long-term LNG agreements this year

Qatar’s Minister of State for Energy Affairs and President and CEO of Qatar Energy, said the country has signed long-term supply contracts for 25 million tons of liquefied natural gas (LNG) and plans to sign more contracts within the year.
Economies & Policies
May 28, 2024 62
BASF increases polyamide and PBT production capacity in India

BASF increases polyamide and PBT production capacity in India

Recently, BASF India Ltd. will increase the production capacity of its Ultramid? polyamide (PA) and Ultradur? polybutylene terephthalate (PBT) compounding plants located in Panoli, Gujarat and Thane, Maharashtra.
Companies
May 27, 2024 62
PPG to build new factory in U.S.

PPG to build new factory in U.S.

PPG will invest $300 million in advanced manufacturing in North America to meet the automotive industry's growing demand for coatings. The investments will begin in 2024 and last four years.
Companies
May 24, 2024 55
NatureWorks will build a 75,000-ton PLA production line in Thailand

NatureWorks will build a 75,000-ton PLA production line in Thailand

Recently, NatureWorks, a PLA manufacturer headquartered in the United States, announced that it has received US$350 million in financing from the Bank of Thailand to fund and build NatureWork's Ingeo PLA manufacturing plant in...
Companies
May 23, 2024 53
Malaysian Sarawak will export hydrogen to Japan and South Korea

Malaysian Sarawak will export hydrogen to Japan and South Korea

Recently, Abang Johari, Chief Minister of Sarawak, Malaysia, announced plans to export 240,000 tons of hydrogen to Japan and South Korea by 2028.
Economies & Policies
May 22, 2024 78

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ExxonMobil completely withdraws from the UK North Sea oil business

According to Reuters, ExxonMobil and Shell are about to reach an agreement to sell their jointly owned natural gas fields in the southern North Sea of ??Europe to British independent producer Viaro Energy.
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UK
Oil
Jun 21, 2024

Total and Verbund plan to jointly produce green hydrogen in Tunisia and export it to Europe

French energy giant Total (TTE.US) and Austrian utility Verbund AG are considering producing green hydrogen in Tunisia and then exporting the zero-emission fuel to Europe via pipeline.
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May 30, 2024

EIA: Global oil markets tend to balance

Recently, the U.S. Energy Information Administration (EIA) released its monthly Short-term Energy Outlook (STEO), which lowered its forecast for global oil demand growth this year and raised its previous forecast for production growth.
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Report
May 21, 2024

India decides to impose anti-dumping duties on pentaerythritol related to China

Recently, the Indian Ministry of Finance and Revenue Bureau issued notification No. 08/2024-Customs (ADD), stating that it accepted the Indian Ministry of Commerce and Industry’s final anti-dumping...
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China
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May 21, 2024

SK Leaveo: Vietnam’s largest PBAT project breaks ground

On May 11, SK Leaveo (a subsidiary of South Korean chemical giant SKC that focuses on biodegradable materials) held a groundbreaking ceremony for a biodegradable material PBAT factory in Dinh Vu-Cat Hai Economic and Industrial Park in Vietnam.
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May 16, 2024

The U.S. Department of Commerce officially launches an anti-dumping investigation into epoxy resin originating in China

Recently, the U.S. Department of Commerce announced that it has officially launched an anti-dumping and subsidy investigation into some epoxy resins originating in China, India, South Korea, and Taiwan, China...
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China
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May 15, 2024