Category: Chemicals
Specialty chemicals firm LANXESS is reportedly investing in its ion exchange resin manufacturing facility at the Leverkusen site. As per trusted sources, the project is expected to conclude by mid-2019 as the company plans to optimize operating efficiency and process technology for an undisclosed amount. …
French oil behemoth Total S.A. and Angola have reportedly inaugurated a new offshore oil project that is slated to assist the economy of the nation as it plunged into crisis after oil prices declined in 2014. As per trusted sources, the new facility would produce …
Golar LNG Ltd, a UK-based liquefied natural gas (LNG) shipping company, has reportedly announced that it is in talks with Nigerian government authorities to set up a power project in Nigeria. Report cite, the company has even offered one of its vessels to help with …
Reports confirm that CSC e-Governance Services India Limited and Oil Marketing Companies (IOCL, HPCL & BPCL) have signed a Memorandum of Understanding (MoU) aimed at collaborating for LPG services. The MoU was inked in the presence of Minister of Petroleum and Natural Gas Dharmendra Pradhan …
Palau, an archipelago of more than 500 islands in the Pacific Ocean, has reportedly announced that starting 2020, it will be enforcing a ban on reef-toxic sunscreens that are jeopardizing the health of the nation’s famed coral reefs. Reports claim, the toxic sunscreen ban – …
Canadian mining corporation, Hudbay Minerals Inc. has reportedly signed an ‘Arrangement Agreement’ with mining firm, Mason Resources Corp., under which it will acquire Mason’s remaining 86% issued and outstanding common shares. Sources close to the deal state that Mason’s shareholders will receive $0.40 in cash …
TechnipFMC, which provides complete project lifecycle services for the energy segment, has recently won a contract for modernizing and expanding Middle East Oil Refinery’s (MIDOR’s) complex near Alexandria, Egypt. MIDOR, established in 1994, refines crude oil and produces high-quality petroleum products for domestic and international …
Brazilian multinational petroleum company Petrobras has made a decision to not invest in drilling new wells, derailing Chevron’s plan to resume exploration of an offshore field in Brazil, sources familiar with the matter stated. Chevron had approved the drilling plan, but Petrobras had put an …
