Industry News
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,...
Aug 31: Ergon Refining Announces Purchase of Fuels Terminal in Vicksburg, Mississippi
Thu., Aug 31, 2023 | Ergon FLOWOOD, Miss. — Ergon Refining Inc. has announced the finalization of an agreement to purchase a fuels terminal in Vicksburg, Mississippi, from CITGO Petroleum Corporation. The facility will offer a full slate of gasoline and diesel fuel...
$305.8 Million Deal: Global Partners LP to Acquire 25 Liquid Energy Terminals from Motiva Enterprises LLC
Underpinned by a 25-year guaranteed take-or-pay throughput agreement, the strategically located assets will significantly increase Global’s operating footprint WALTHAM, Mass.–(BUSINESS WIRE)– Global Partners LP (“Global”) (NYSE:GLP), an integrated storage,...
BREAKING: $53 Billion Deal – Chevron Announces Agreement to Acquire HESS
Chevron Press Release "World class assets and people strengthen long-term outlook Cash flow per share accretion supports higher distributions to shareholders Enhances and extends production and free cash flow growth outlook into 2030s John Hess, Hess CEO, expected to...
BREAKING: Oct 13 – Biden-Harris Administration Announces $7 Billion For America’s First Clean Hydrogen Hubs, Driving Clean Manufacturing and Delivering New Economic Opportunities Nationwide
Energy.gov Biden-Harris Administration Announces $7 Billion For America’s First Clean Hydrogen Hubs, Driving Clean Manufacturing and Delivering New Economic Opportunities Nationwide President Biden’s Investing in America Agenda Drives $50 Billion in Public-Private...
9/28: INEOS announces the acquisition of the Eastman Texas City Site for ~$500 million
Thursday, September 28, 2023 The deal includes the 600kt Acetic Acid plant and all associated third party activities on the site. Eastman and INEOS have also entered into a Memorandum of Understanding to explore options for a long-term supply agreement for vinyl...
Global Energy and Chemical Leaders Partner to Develop a Large-Scale, Low-Carbon Ammonia Production Export Project on the Houston Ship Channel – INPEX, Air Liquide Group, LSB Industries
Tokyo, Paris, Oklahoma City, and Houston – October 3, 2023 – Tokyo-based INPEX Corporation (TSEt: 1605) (“INPEX”), Paris-based Air Liquide Group (“Air Liquide”), Oklahoma City-based LSB Industries, Inc. (NYSE: LXU) (“LSB”), and Houston-based Vopak Moda Houston LLC...
9/25 NEWS: KBR Awarded Project Management Contract for Pluto LNG
Publish Date: 25 Sep 2023 HOUSTON, September 25, 2023 – KBR (NYSE: KBR) announced today that it has been awarded an engineering, procurement and construction management (EPCm) contract by Woodside Energy, as operator for and on behalf of the Pluto Joint Venture. Under...