Ineos completes Forties system acquisition

Ineos has completed its purchase of the Forties oil pipeline system and associated facilities in the UK North Sea from BP PLC. Source: News

Chevron cancels sale of Bangladeshi units

Chevron Global Ventures Ltd. has canceled plans to sell its wholly owned indirect subsidiaries in Bangladesh to Himalaya Energy Co. Ltd. of China, according to press reports. Source: News

BP reports third-quarter earnings, production increase

BP PLC reported an underlying replacement cost profit attributable to shareholders for the third quarter of $1.865 billion, up from $684 million in the second quarter and $933 in third-quarter 2016. Source: News

HMEL lets contract for Guru Gobind Singh refinery’s petchem project

HPCL-Mittal Energy Ltd. (HMEL) has let a contract to CB&I, Houston, to provide technology licensing and engineering for a grassroots mixed-feed ethylene plant at its 9 million-tonne/year Guru Gobind Singh refinery at Village Phullokhari, about 35 km from Bathinda in India’s northern state of Punjab. Source: News