Meantime, world oil indexes also demonstrated irregular changes on Oct.16 amid fears that the Covid-19 pandemic will cause the global market to slip into surplus again next year.
Saudi Aramco and Saudi Basic Industries (Sabic) will re-evaluate a planned US$20 billion crude-to-chemicals plant as they seek to cut spending and as the oil company tries to preserve its dividend.
Halliburton Co. expects the rout in North American shale to peter out after history’s worst crude crash decimated many of its customers.
India has all but lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran decided to prefer domestic companies over foreign firms for development of the field.
Industrial control system environments are increasingly targeted in cyber-attacks.
ARLANXEO’s olefins business produces butadiene and raffinate, and is located at the Bio-Industrial Park Sarnia in Ontario, Canada.
Lummus announces agreement with New Hope Technologies to license waste plastics conversion technology
Lummus Technology and New Hope Technologies announced that the companies have entered into a cooperation agreement for the marketing and further development of a leading plastic waste conversion technology based on thermal pyrolysis.
Thailand’s central bank on Saturday announced on its website an extension of grace period of debt moratorium for Thai small and medium-sized enterprises (SMEs) as many of their businesses have been adversely impacted by COVID-19.
The company has 7 gigawatts (GW) of solar and wind power generation capacity, and aims to quintuple this to 35GW by 2025 with major solar projects in Europe, the Middle East and India, and offshore wind farm projects in the UK and South Korea.
Occidental Petroleum Corp expects global oil supply and demand to rebalance by the end of 2021, its chief executive told the Energy Intelligence Forum on Wednesday.