Brazilian state oil Petrobras, specialized in deep-water, crude oil extraction, and which refines most of the fuel consumed by some 214 million Brazilians, confirmed on Aug. 22 a due...
Royal Dutch Shell, hit by a $17.7 billion loss in the first nine-months of 2020 as Covid-19 slashed demand, will downsize to six refining-chemical integrated “parks” as part of a transition to lower carbon emission products.
Pemex’s ethane output plunged since Braskem-Idesa started operations, slashing ethane deliveries and accumulating contractual fines that Braskem wants to collect. However, contract scrutiny intensified after the July 2020 extradition of a former Pemex CEO,...
Availability became plentiful immediately after the pandemic hit in 2020 due to multiple turnaround and construction postponement turning the contractor business into a buyer’s market. Yet the delays may lead to a bottleneck into the coming years.
ICIS moves contrast with cautiousness at S&P Global Inc., owner of Platts, another provider of energy and petrochemical price assessments. Platts froze hiring on concern 2021 would test the financial health of subscribers. The acquisition is the latest...
The need for savings to face shrinking margins should speed up digitalization efforts by oil and petrochemical companies after Covid-19 helped prove the value of past investment.
