Braskem America Inc., Philadelphia, a subsidiary of Braskem SA, Sao Paulo, has let a contract to Linde AG to provide lead engineering, procurement, and construction services for its recently announced $675-million plan to build what will become North America’s largest polypropylene (PP) production line on part of the company’s existing manufacturing site in La Porte, […]

Shell E&P Offshore Services BV exercised its right under a charter agreement to buy the Turritella floating production, storage, and offloading vessel from SBM Offshore NV. Source: News

Royal Dutch Shell PLC will invest $1 billion/year on its New Energies division by the end of the decade as part of a global energy transition often misrepresented as a revolution, according to the company’s chief executive officer. Source: News

Upstream oil and gas investment continued to tumble in 2016, falling 26% in nominal terms to $434 billion, which was close to the rate of decline in 2015, according to the International Energy Agency’s 2017 World Energy Investment report. Source: News

Devon Energy Corp., Oklahoma City, reported a production rate of 6,000 boe/d from a well drilled in southwest Kingfisher County, Okla. Source: News

Saudi Aramco will invest more than $300 billion on oil and gas projects during the next decade, the company’s president and chief executive officer said while warning of lagging investment elsewhere. Source: News

The Cairn Energy PLC-led group has made an oil discovery with the FAN South-1 exploration well drilled in deep water offshore Senegal. Source: News

Norway’s DNO ASA is fast-tracking its Peshkabir discovery on the Tawke license in the Kurdistan region of Iraq with plans to acquire and install a production facility by yearend. That work will be followed by a pipeline connection to the Tawke export terminal at Fish Khabur. Source: News