Ineos buys BP PET feedstocks unit in $5B deal

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Ineos buys BP PET feedstocks unit in $5B deal

Ineos Group has bought the petrochemicals business of British Petroleum plc in a $5 billion deal. Assets acquired by London-based Ineos in the transaction include a market-leading business making PET feedstocks paraxylene and purified terephthalic acid. “We are delighted to acquire these top-class businesses from BP, extending the Ineos position in global petrochemicals and providing

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SC Johnson flexes for new recycled ocean plastic bottle

S.C. Johnson & Son Inc. is flexing its sustainability credentials with a new bottle made from recycled ocean-bound plastic for its European and Latin American Mr. Muscle brand. The consumer brand giant based in Racine, Wis., announced the project June 30 as part of an initiative to help combat ocean plastic pollution. The new line

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Alaskan Officials Approve BP’s Sale of Oil Leases to Hilcorp

Alaskan officials on June 29 approved BP Plc’s sale of its oil and gas leases in the state to closely held Hilcorp Energy Co. as part of a previously announced $5.6 billion deal. BP last year agreed to sell its Alaskan properties, including interests in the Prudhoe Bay oil field and its nearly 50% stake

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US Supreme Court Signals It Wants to Hear PennEast Pipeline Case

The media spin machine and anti-fossil fuelers are in overdrive, but they can’t paper over this fact: Yesterday the U.S. Supreme Court expressed a very loud and clear interest in hearing the PennEast Pipeline vs. New Jersey case–and that spells bad news for NJ and its radical Attorney General who is trying to block the

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Chester DA Charges Against ME Pipe Security Chief Tossed by Judge

Former Chester County, PA District Attorney Tom Hogan (RINO), and his successor Deb Ryan (Democrat) are 100% humiliated after a Chester County Magisterial District Judge dismissed the entire case against the local head of security for Energy Transfer in what the DA’s office lyingly calls a “buy a badge scheme.” Judge John Bailey dismissed all

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Chesapeake Asks Court to Break Pipeline Contracts, Including M-U

We’ll try not to sound arrogant, but once again *only* MDN nailed it–which is why you subscribe, right? Yesterday we brought you the news that Chesapeake Energy has finally filed for bankruptcy (see Chesapeake Files for Bankruptcy – Debtors to Take Ownership). In our opening paragraph, we told pipeline companies according to the language we

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Chesapeake’s Existing Stockholders Wiped Out – Shares Delisted

On Sunday Chesapeake Energy filed for bankruptcy (see Chesapeake Files for Bankruptcy – Debtors to Take Ownership). Yesterday the New York Stock Exchange, on which Chesapeake shares (CHK) trade, halted trading and immediately began proceedings to delist the stock.This post appeared first on Marcellus Drilling News.

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Nuverra 1Q20 Results: “Stormy Like Most of Us Have Never Seen”

Nuverra Environmental Solutions (formerly Heckmann) is one of the largest companies in the United States that handles transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling. The company has major operations in the Marcellus/Utica region. In April the company laid off roughly 100 employees (see Nuverra Environmental Cuts Budget 30%,

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New medical device Nanodropper aims to reduce eyedrop waste

A new startup used the versatility of plastics to bring an eye-dropping change to the medical industry, with the first parts ready to deliver to customers this summer. In 2017, Allisa Song, a current medical student at the Mayo Clinic in Minnesota, read a ProPublica investigative story detailing how drug companies make eyedrops too large

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EU Prepares Response to Nord Stream US Sanctions Threat

BRUSSELS/FRANKFURT—The European Commission is preparing measures to protect the European Union as it faces threatened U.S. sanctions, which could break international law, on a link to carry gas directly from Russia to Germany, the EU’s foreign policy chief said. U.S. senators this month announced a bill tightening sanctions on the Nord Stream 2 pipeline, designed

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Apprentices, automation pay off for New Concept Technology

Emigsville, Pa. — Tom Baughman knows the value of apprenticeships. He spent two years after high school learning the sheet metal trade, and he earned a tool and die apprenticeship in 1974. That experience started him on a path to build New Concept Technology Inc., a successful injection molding company that invests heavily in training

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Oil Major ConocoPhillips Deploys Low-Code Tech to Boost Bottom Line

ConocoPhillips has deployed a low-code platform called Mendix to cut costs and increase efficiency, making it the first major oil and gas producer to use such technology across the company, Mendix said in a statement on June 30. Mendix, owned by German technology firm Siemens, allows companies to create in-house systems without hiring outside developers as minimal or no coding knowledge is required.

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Schlumberger Introduces Performance Live Service

Digitally connected service delivers real-time operational data and insights for improved performance Schlumberger introduced, on June 29, Performance Live digitally connected service that optimizes remote wellsite operations control while improving safety, efficiency and footprint. The service includes technology and domain expertise within a digital ecosystem, leveraging cloud-based applications and automated data workflows through a secure

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Thigpen, Blue Roads Join to Offer Mobile, Off-Pipe Natural Gas Solutions

BP Energy Partners said June 29 it is merging Dallas, TX-based Blue Roads Solutions, and Conroe, TX-based Thigpen Solutions, creating an innovative, full-service, leading player in the virtual pipeline industry. The name of the newly combined firm will be Sapphire Gas Solutions. Sapphire will be based in Conroe, TX, and will be led by Thigpen founder and CEO Sam

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Kickstart: A crossover for plastics, automotive

Plastics News is wrapping up its biggest ranking of the year in this week’s issue, counting more than 500 injection molders in North America. (Hollee Keller has a little more information on the second part of the ranking from the June 29 issue.) And our sister publication, Automotive News, also has one of its biggest

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