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...It said it planned to buy a 10 per cent stake in the $15bn refiner Hengli Petrochemical, one of China’s leading producer of chemicals for plastics....
...Talks over a planned $30bn merger between the chemicals arms of Abu Dhabi National Oil Company and Austria’s OMV have stalled over recent weeks, putting at risk a complicated deal to create a new market...
...Thousands of US lawsuits targeting major chemical companies have been filed and agencies globally are tightening regulation....
...Aramco said that while the price of oil was higher in the period compared with the previous year, lower volumes of crude oil sales and weakening refining and chemicals margins led to the decline in net income...
...It blamed lower volumes of crude oil sales and weakening refining and chemicals margins. Analysts had expected net income of $27.6bn, according to figures compiled by the company....
...This week, the Environmental Protection Agency issued rules setting a limit on toxic pollution from chemical plants and stripping cancer-causing chemicals from tap water....
...It has already started selling assets — jettisoning oil and gas business Wintershall Dea in December....
...The statement from McKee, who is also the chair of the International Council of Chemical Associations, which represents the largest petrochemical companies, drew an angry response from environmental campaigners...
...Onvector, a water treatment company, uses plasma technology where high-energy electrons obliterate the chemicals. Researchers have also joined the cause....
...Stewart Harris, from the International Council of Chemical Associations, representing the largest plastic and petrochemical makers, told the FT that limits on production would “have significant unintended...
...Despite criticism over the meeting being chaired by an executive of an oil company, the final agreement from the gathering included a reference to fossil fuels for the first time in three decades of UN climate...
...Weakness there bodes ill for the integrated oil companies — and for the global economy....
...He says the second-generation ethanol is being used in fuels blended with petrol, bioplastics and chemicals....
...Among companies taking advantage is London-based oil supply company Prax Group, which in December agreed to buy a 37.5 per cent stake in the PCK refinery in Schwedt, north-east Germany, from Shell....
...Land owners are suing a Denver-based oil and gas company, alleging it systematically avoided cleaning up old operations, in a case that spotlights the prospect of US taxpayers shouldering billions of dollars...
...Aramco wants to increase its gas output by more than 60 per cent by 2030, compared with 2021 levels and to increase the portion of oil production used to make chemicals to 4mn b/d....
...The cash will be deployed over the next four years with spending on sectors such as new energies, chemicals, transition materials and digital technologies to diversify the Saudi economy when oil demand eventually...
...“We own chemical companies but also, on the demand side, we own cosmetic companies, consumer goods and electronics....
...The Abu Dhabi National Oil Company has acquired a controlling stake in fertiliser producer Fertiglobe in a $3.6bn deal, as it pushes to diversify its business....
...Chemicals companies, for instance, have been at a disadvantage compared with their peers in the US. LNG sellers, however, face choppy seas....
...Conversely, US industry — including steel and chemicals — might benefit from the added availability of even cheaper natural gas....
...He is also on the board of US oil major ExxonMobil. Shares in Bayer have fallen 45 cent since Ubben disclosed his stake in January last year, exposing the founder of Inclusive Capital to paper losses....
...Europe’s largest oil and gas company said on Thursday that adjusted earnings were $28.3bn, down about a third from the record set in 2022 but higher than any other year since 2011....
...and gas companies could have “under-appreciated” exposure: While the bar chart on the right looks bad for the oil and gas industry, remember it reflects only number of facilities where PFAS are used, not...
...Shell said the sale was part of the company’s strategy to cut down its global refining portfolio and focus on large sites integrated with its chemicals and trading businesses....
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