Industry News
Jan 2023 – ONEOK Mont Belvieu to Build MB-6 – Fractionator
Via ONEOK Linkedin: "Recently, we announced plans to expand our Mont Belvieu, Texas, facility with the construction of our MB-6 Fractionator. The addition of MB-6 not only positions us well to meet the current customer demand but also allows us the flexibility to...
BASF breaks ground on MDI capacity expansion project at Geismar site – This project is $780 Million Investment for BASF
GEISMAR, LA, January 11, 2023 – BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022. The company will increase production capacity to...
News In Downstream: Jan 17th – Braskem Announces USA based Project to Evaluate Production of Bio-Based Polypropylene
This News Article is Brought to you by: PHILADELPHIA, Pa. - January 17, 2023 - Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an...
Come And Take It – Natural Gas Stoves – Biden Proposed ban on Natural Gas Stoves
President Joe Biden has recently proposed banning the use of natural gas stoves in new construction as part of his plan to combat climate change and transition to cleaner forms of energy. This move is aimed at reducing the country's carbon footprint and decreasing the...
12/26 NEWS: Venture Global Signs 20 Year Purchase Agreement with INPEX Corporation
"VENTURE GLOBAL AND INPEX ANNOUNCE LNG SALES AND PURCHASE AGREEMENT Arlington, Virginia– Today, Venture Global LNG and INPEX CORPORATION (INPEX) announced the execution of a long-term Sales and Purchase Agreement (SPA) for the purchase of one million tonnes per annum...
12/21 Downstream News: Technip Energies Awarded a Proprietary Equipment Contract by Chevron Phillips Chemical and QatarEnergy for the Golden Triangle Polymers Ethane Cracker
Technip Energies (PARIS:TE) (ISIN:NL0014559478) has been awarded a contract(1) for the supply of proprietary cracking furnaces for the 2,000 kta(2) ethane cracker for the Golden Triangle Polymers project, a joint venture between Chevron Phillips Chemical (CPChem) and...
NextDecade and Galp Execute 1.0 MTPA LNG Sale and Purchase Agreement
HOUSTON--(BUSINESS WIRE)--Dec. 20, 2022-- NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today the execution of a sale and purchase agreement (SPA) with Galp Trading S.A. (Galp), for the long-term supply of liquefied natural gas (LNG) from NextDecade's...
$235 Million in Investments Committed: NET Power to Combine with Rice Acquisition Corp. II to Accelerate Decarbonization of Natural Gas Power Generation
NET Power to Combine with Rice Acquisition Corp. II to Accelerate Decarbonization of Natural Gas Power Generation NET Power’s proven technology generates near zero-emissions utility-scale power, delivering the world’s first scalable solution that achieves the energy...
Allstream Now Offering Videography & Photography
Allstream Energy Partners is please to announce partnerships with content creators, video production, and photographers. We know how hard it is to have someone tell a story, so we have partnered with industry creatives to be able to capture the vision and tell a...
$2 Billion 2023 Capital Program – $865 million for sustaining capital and $1.1 billion for growth capital – 50% Growth Capital support Low Carbon Opportunities
This News Article is Brought to you by: Phillips 66 Announces 2023 Capital Program Continued Commitment to Disciplined Capital Allocation December 09, 2022 11:11 AM Eastern Standard Time HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) today announced a 2023 capital...