Capacity expansion planned for Philippines’ sole naphtha cracker

JG Summit Petrochemicals Group (JGSPG), a wholly owned subsidiary of JG Summit Holdings Inc., has let a contract to Fluor Corp. to provide engineering, procurement, and construction management (EPCM) for the utilities, off sites, and infrastructure for an expansion of JGSPG’s petrochemical complex in Barangay Simlong, Batangas City, Philippines, 120 km south of Metro Manila […]

DNV: Electricity as energy source will gain on oil, gas by 2050

Electricity will gain ground globally on oil and natural gas by 2050 as its use in vehicles continues to rise and power distribution systems are built in developing countries, an inaugural forecast by DNV GL AS, Oslo, said. But natural gas will be the single biggest energy source by mid-century, despite its supplies peaking in […]

ExxonMobil buys Delaware basin crude terminal

ExxonMobil Corp. has acquired a crude oil terminal in Wink, Tex., part of the Delaware basin, from Genesis Energy LP. It will be ExxonMobil’s first Permian terminal to be anchored by its recently acquired Delaware basin acreage. Source: News