Friday, November 8, 2019
Energy, Petrochemicals and Plastics 37
1 Years of offshore investments could be valueless
https://www.rystadenergy.com/newsevents/news/press-releases/years-of-offshore-investments-could-be-valueless/
International E&P companies are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy.
Rystad Energy has evaluated all offshore oil fields sanctioned since 2010 and ranked them by estimated value per barrel of oil (boe) under various oil price scenarios.
2 Oil Price Fundamental Daily Forecast – Worries Over Trade Deal, Deeper OPEC Cuts Weighing on Prices
https://www.fxempire.com/forecasts/article/oil-price-fundamental-daily-forecast-worries-over-trade-deal-deeper-opec-cuts-weighing-on-prices-611433
Crude oil prices are likely to remain under pressure on Friday as the general uncertainty in the marketplace over a trade deal and additional output cuts from OPEC is encouraging investors to book profits and lighten up on the long side.
3 Natural Gas Price Fundamental Daily Forecast – Sentiment Turns Neutral With $2.740
https://www.fxempire.com/forecasts/article/natural-gas-price-fundamental-daily-forecast-sentiment-turns-neutral-with-2-740-2-701-next-target-zone-611442
The daily chart indicates that downside pressure could drive the market into a retracement zone at $2.740 to $2.701. Holding inside this zone will support the neutral assessment.
4 Chinese Oil Imports Soar To Record High
https://oilprice.com/Energy/Crude-Oil/Chinese-Oil-Imports-Soar-To-Record-High.html
Refinery start-ups and stabilizing refining margins drove China’s crude oil imports to a record high in October, Chinese customs data showed on Friday.
The world’s top oil importer increased its crude intake in October by 11.5 percent compared to the same month last year, to an average of 10.72 million barrels per day (bpd), according to Reuters calculations based on China’s government data.
5 The 10 Highest Paying Jobs In Oil & Gas
https://oilprice.com/Energy/Energy-General/The-10-Highest-Paying-Jobs-In-Oil-Gas.html
Make no mistake: Oil and gas companies may be doing some serious cost-cutting and slimming-and-trimming to stay competitive after the shale boom binge, but when it comes to employment, it’s still one of the best industries to hit up for a job.
6 Shale Oil Pioneers Say the Boom is Ending
https://www.rigzone.com/news/wire/shale_oil_pioneers_say_the_boom_is_ending-06-nov-2019-160255-article/
The days of relentless production growth from U.S. shale oil fields are ending, potentially aiding OPEC’s years-long effort to drain a worldwide supply glut, according to industry pioneers Scott Sheffield and Mark Papa.
7 Borealis and Borouge launch custom medical-grade compounding service
https://www.plasticstoday.com/medical/borealis-and-borouge-launch-custom-medical-grade-compounding-service/111930429261830
In an effort to broaden the customization potential of its compounds for healthcare applications without jeopardizing customers’ regulatory requirements, materials suppliers Borealis (Vienna) and Borouge (Abu Dahbi) have launched the new Bormed InCompounds service.
8 Petrobras CEO Blames High Price Tag for Auction Flop
https://www.rigzone.com/news/wire/petrobras_ceo_blames_high_price_tag_for_auction_flop-07-nov-2019-160269-article/
Petrobras Chief Executive Officer Roberto Castello Branco said the reason most major oil companies didn’t show up for Brazil’s massive auction was because of the astronomic price tag and regulatory uncertainties.
9 ByGen turning waste plastic including PET into activated carbon
https://www.plasticstoday.com/packaging/bygen-turning-waste-plastic-including-pet-activated-carbon/55859602961818
South Australian company ByGen (Adelaide, Australia) has expanded its focus on activated carbon from using sources such as agricultural wastes to now include plastics. The company has successfully made activated carbon from several types of polymers, including contaminated plastic waste.
10 Novolex’s first sustainability report underscores company’s commitment to plastic waste reduction
https://www.plasticstoday.com/packaging/novolex-s-first-sustainability-report-underscores-company-s-commitment-plastic-waste-reduction/138830488761819
Challenges are present every day in the plastics industry. To meet them and confirm its commitment to reducing plastic waste, packaging and foodservice product producer Novolex has published its first sustainability report. The report focuses on all 61 of the company’s operations, including its headquarters in Hartsville, SC.
