Brazilian multinational corporation Petrobras Monday launched the sale of two sets of onshore concessions, Kallanish Energy learns. The concessions are located in the northeastern state of Bahia, where Petrobras is operator and fully owns all but two concessions. The deadline for applications is Jun. 24. The Recôncavo Cluster is comprised of 14 onshore fields, which last year
Read More...Crude oil futures ended Monday’s trading session lower after unsettled trading, as Saudi comments indicated Opec+ would extend supply cuts supported prices, but concerns U.S. tariffs on China and Mexico would hurt demand weakened the market. Opec+, which includes most Opec members, along with a number of non-producers led by Russia, since Jan. 1, has
Read More...Argentine oil company YPF SA said it’s now loading the first shipment of liquefied natural gas for export from the South American country, Kallanish Energy reports. The shipment includes 30,000 cubic meters (1.06 million cubic feet, or Mmcf) of LNG from the Vaca Muerta Shale play, YPF said, in a statement. “This is the first
Read More...Based on the combined value of energy exports and imports, Canada is the largest energy trading partner with the United States, according to the U.S. Energy Information Administration. Canada is the second-largest importer of energy from the United States, in terms of trade value, behind only Mexico. Energy exports accounted for about 8% of the
Read More...Medium-sour crude from the U.S. Gulf of Mexico are being snapped up by overseas buyers, paving way for a record six supertankers to load at the Louisiana Offshore Oil Port (LOOP) in a matter of weeks, according to people familiar with the matter. The six scheduled loadings in late May and early June would double
Read More...Minnesota court ruled on Monday that Enbridge Inc.’s environmental impact statement for replacement of its Line 3 oil pipeline is inadequate, raising the possibility of further delays. The Line 3 project would double current capacity to 760,000 barrels per day (bbl/d) of Canadian crude from Alberta to Wisconsin, providing much-needed relief from congestion on existing
Read More...Taiwan’s Far Eastern New Century Corp. is acquiring PET recycler Phoenix Technologies International LLC, which has a processing site in Bowling Green, Ohio. Phoenix Technologies as an annual capacity to process 80 million pounds of material each year. The Taipei-based company, which calls itself Far East and FENC, describes itself the world’s second largest recycling
Read More...LONDON/NEW YORK—Cheniere Energy Inc. said June 3 it would buy natural gas from Apache Corp.’s Permian assets using a price mechanism linked to the LNG it ends up selling and not the typical U.S. gas benchmark. The deal is the first sign Cheniere, by far the largest U.S. LNG seller, may move away from its signature
Read More...Daniel B. Markind, Esq.Flaster Greenberg PC Is an Oregon fracking ban about to happen? Do residents of the Left Coast have the slightest idea what they are risking or what the downsides might be?. By a vote of 17-11, the Oregon State Senate last week passed a five-year moratorium on fracking in that State. The Senate
Read More...The longtime managing director of French robot maker Sepro Group, Jean-Michel Renaudeau, has left the company as of May 15. Sepro, based in La Roche-sur-Yon, France, announced the news June 3. Renaudeau had worked at Sepro for 29 years, and had been managing director since 2005, according to his LinkedIn profile. Sepro Group President Eric
Read More...Geleen, Netherlands — Polyscope Polymers BV, the Dutch manufacturer of styrene maleic anhydride (SMA) copolymers, has completed its purchase of Total SA’s SMA business, Cray Valley. The deal includes Cray Valley HSC Asia Ltd., Cray Valley (Guangzhou) Chemical Co. Ltd. and Total Petrochemicals & Refining USA Inc., based in the Houston area, Polyscope said in
Read More...A well-known brand within a well-known bottled water company is committing to use 100 percent recycled PET bottles in the next few years. Poland Spring, one of a handful of regional brands in the Nestlé Waters North America portfolio, confirmed its commitment June 3 and said one bottle size already is using all recycled content.
Read More...A new initiative to advance sustainability efforts throughout the vinyl industry launched June 3 at the Sustainable Brands conference in Detroit. The effort, called +Vantage Vinyl, is being spearheaded by the Vinyl Sustainability Council, which was created in 2016 by the Washington-based Vinyl Institute to promote best practices and innovation. “Vantage Vinyl is the industry’s
Read More...Last week, environmental activists upped the pressure on ExxonMobil and Chevron shareholders to pass extreme resolutions on climate change. Shareholders sent a clear message: no thanks. Chevron’s shareholder meeting included two climate resolutions: a measure to create a new board committee on climate and another demanding the creation of a report tracking Chevron’s emissions against the
Read More...Last Tuesday evening a 68-year-old woman was home in her bed in Clarion County, PA when she heard an explosion and a wall collapsed on her. She freed herself from the rubble and drove to a neighbor’s house for assistance. The home, a garage and greenhouse were all destroyed as a result of the explosion
Read More...