Industry News
Steve Prusak to become CPChem President and Chief Executive Officer
Breaking News Brought to You By: Senior Vice President Steve Prusak will succeed current President and CEO Bruce Chinn in his role effective March 1, 2024, CPChem announced today. Chinn will retire after more than 40 years in the energy industry. “The past three years...
Breaking: $9.4 Billion Formosa “Sunshine Project” gets appeals court WIN in permit dispute for US Louisiana complex
"HOUSTON (ICIS)–An appeals court in Louisiana reversed a decision that voided 15 permits that Formosa Plastics Group needed to build a massive $9.4bn petrochemical complex in the state. 🔹The Louisiana First Circuit Court of Appeal reinstated the permits for the...
BREAKING: Sunoco LP to Acquire NuStar Energy L.P. in Transaction Valued at $7.3 Billion
DALLAS, Jan. 22, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco" or the "Partnership") and NuStar Energy L.P. (NYSE: NS) ("NuStar") announced today that the parties have entered into a definitive agreement whereby Sunoco will acquire NuStar in an all-equity...
PCB Abatement Services by Southwest Pipe Services: Expert Solutions for Oil and Gas Pipeline Remediation
With over two decades of experience, Southwest Pipe Services is a trusted and qualified contractor committed to ensuring the safety and compliance of your operations for environmental pipeline solutions for pipeline abatement of PCBs and asbestos containing materials....
HIF USA and Idemitsu Kosan sign LOI for eMethanol sale and purchase from Texas eFuels facility
HIF USA and Idemitsu Kosan sign LOI for eMethanol sale and purchase from Texas eFuels facility HIF Matagorda eFuels Facility expected to produce 1.4 million tonnes per year of eMethanol, representing approximately 80-90% reduction in CO2 emissions for ~400,000 cars,...
BREAKING $1.95 Billion Deal: Williams Announces Acquisition of Strategic Gulf Coast Natural Gas Storage Portfolio with Direct Access to LNG Export Facilities and Interstate Pipelines
Williams Announces Acquisition of Strategic Gulf Coast Natural Gas Storage Portfolio with Direct Access to LNG Export Facilities and Interstate Pipelines December 27, 2023 Six natural gas storage facilities with total capacity of 115 Bcf across Louisiana and...
Dec 14: (Calpine)DOE Approves $890 Million in Funding for Three Projects to Demonstrate Carbon Capture, Transport and Storage
OCED Selects Three Projects in CA, ND, and TX to Reduce Harmful Carbon Pollution, Create New Economic Opportunities, and Advance Carbon Reducing Technologies WASHINGTON, D.C.— The U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) today...
BREAKING $700mm Deal: INEOS announces the acquisition of the LyondellBasell Ethylene Oxide and Derivatives business and production facility at Bayport Texas for USD $700 Million
INEOS announces the acquisition of the LyondellBasell Ethylene Oxide and Derivatives business and production facility at Bayport Texas for USD700 Million FRIDAY Dec 8, 2023: The fully integrated site has access to cost advantaged US energy, feedstocks and logistics....
NEWS: ExxonMobil Corporate Plan through 2027 – “$20 Billion in Lower Emissions Opportunities”
ExxonMobil Press ReleaseExxonMobil Corporate Plan more than doubles earnings potential from 2019 to 2027; 18% compound annual earnings growth significantly outpaces peers1 "On track to deliver ~$14 billion of further earnings and cash flow growth potential over the...
DOW X Energy Advanced Nuclear Reactor Project Seadrift, TX – Project Overview & Timeline
Dow and X-energy have announced the selection of Dow’s UCC Seadrift Operations manufacturing site in Texas for its proposed advanced small modular reactor nuclear project. The project is expected to provide the Seadrift Site with safe, reliable, zero-carbon-emissions...