Friday, April 19, 2019
Energy, Petrochemicals and Plastics 13
1 ConocoPhillips sells UK business to Chrysaor for $2.7 billion
https://www.offshoreenergytoday.com/breaking-conocophillips-sells-uk-business-to-chrysaor-for-2-7-billion/
Oil major ConocoPhillips has entered into an agreement to sell two ConocoPhillips United Kingdom subsidiaries to Chrysaor for $2.675 billion, plus interest and customary adjustments.
2 The Undeniable Signs Of A Shale Slowdown
https://oilprice.com/Energy/Energy-General/The-Undeniable-Signs-Of-A-Shale-Slowdown.html
The world’s largest oilfield services company said its earnings were hit in the first quarter because of a slowdown in shale drilling activity.
3 U.S. FERC approves two new LNG export terminals in Texas and Louisiana
https://www.reuters.com/article/us-usa-lng-tellurian-sempra-idUSKCN1RU1SG
The U.S. Federal Energy Regulatory Commission (FERC) on Thursday approved construction of two proposed liquefied natural gas (LNG) export terminals, Tellurian Inc’s Driftwood in Louisiana and Sempra Energy’s Port Arthur in Texas.
4 Weekly resin report: Sellers cautiously optimistic, as spot resin prices inch up
https://www.plasticstoday.com/resin-pricing/weekly-resin-report-sellers-cautiously-optimistic-spot-resin-prices-inch/170878971260638
Spot resin trading was very good during the second week of April, with completed volumes heavily weighted in favor of polyethylene (PE) over polypropylene (PP). While asking prices for both PE and PP generally moved higher, actual transaction levels were largely flat, according to the PlasticsExchange (Chicago).
5 Big Changes May Be in Store for Alberta Energy Industry
https://www.rigzone.com/news/wire/big_changes_may_be_in_store_for_alberta_energy_industry-17-apr-2019-158621-article/
Alberta returned to its conservative roots, electing United Conservative Party Leader Jason Kenney premier after he vowed to fight harder for the Canadian province’s beleaguered energy industry.
6 Commodity firm Trafigura jumps into chemical trading with new JV
https://www.reuters.com/article/us-trafigura-petrochemicals-idUSKCN1RT1GG
Global commodities house Trafigura Group said on Wednesday it is entering petrochemicals trading by teaming up with Houston-based Altis Group International to take advantage of an expanding sector.
7 Eastman Launches Chemical Recycling Innovation for Complex Plastic Waste: Plastics Technology
https://www.ptonline.com/blog/post/eastman-launches-chemical-recycling-innovation-for-complex-plastic-waste
Eastman’s ‘carbon renewal technology’ can recycle difficult to recycle plastic waste such as flexible packaging and films.
8 Think Tank: Mexico’s New Refinery Already Doomed
https://oilprice.com/Energy/Energy-General/Think-Tank-Mexicos-New-Refinery-Already-Doomed.html
A Mexican think tank has declared that Pemex’s newest refinery is doomed in a grim analysis released this month. The Mexican Institute for Competitiveness (Instituto Mexicano para la Competitividad, or IMCO for short) released a damning financial analysis of the Dos Bocas refinery, currently being developed in Tabasco by state-owned oil company Petróleos Mexicanos (Pemex), which gave the project a mere 2 percent chance of success.
9 The IoT Potential Manufacturers Are Leaving on the Table
https://www.manufacturing.net/article/2019/04/iot-potential-manufacturers-are-leaving-table
By 2025, the Internet of Things (IoT) will comprise of 75 billion connected devices. From voice-activated devices like Amazon Alexa to smart refrigerators, IoT devices are changing the way consumers interact with brands. But the growth of the IoT has implications far beyond the consumer space.
10 DuPont Teijin Films makes significant chemical recycling steps
https://www.packagingnews.co.uk/news/environment/recycling/dupont-teijin-films-makes-significant-chemical-recycling-steps-15-04-2019
The waste is transformed into a variety of technically advanced BOPET films serving a wide range of applications and markets. The use of recycled content is a critical part of DuPont Teijin Films’ circular economy strategy, and the upcycling of PET through the LuxCR process also marks an important step forward in the chemical recycling technology for the wider polyester industry.
11 Robots Take Over Oil Trade And OPEC Is Scared To Death
https://oilprice.com/Energy/Energy-General/Robots-Take-Over-Oil-Trade-And-OPEC-Is-Scared-To-Death.html
Artificial intelligence has been making inroads into the oil and gas industry for a while now after the industry realized all the benefits it could reap from the deployment of these technologies. Now, it has begun changing oil and gas trading as well.
12 All aboard! Treasure on the high seas for gas dealers
https://www.reuters.com/article/us-lng-shipping-analysis-idUSKCN1RR0GB
In the booming market for super cooled natural gas, the most precious commodity is the ship.
