Chinese operator lets contract for PDH unit

Xuzhou HaiDing Chemical Technology Co. Ltd. (XHCT) has let a joint contract to CB&I, Houston, and Clariant International Ltd., Muttenz, Switzerland, to provide technology licensing and engineering design of a grassroots propane dehydrogenation (PDH) unit to be built in Pizhou, in China’s Jiangsu province. Source: News


BP, Bridas to merge PAE, Axion, creating integrated Argentina firm

BP PLC and Bridas Corp., Buenos Aires, have agreed to merge their interests in oil and gas producer Pan American Energy LLC (PAE) and refiner and marketer Axion Energy Argentina SA in a cash-free deal, forming the privately owned, integrated Pan American Energy Group (PAEG). Source: News


Baker Hughes: US rig count gains 1 unit to 944

The overall US rig count has made another slight gain again this week. Baker Hughes’ calculation of active US rigs increased 1 unit during the week ended Sept. 8 to 944. Source: News