Bay-Pol breaks ground on USGC ethane cracker

Bayport Polymers (Bay-Pol)—a joint venture of Total 50% and the Borealis-Nova Chemicals JV Novealis Holdings 50%—has officially broken ground on construction of its previously announced project to build a 1 million-tonne/year ethane steam cracker at Total’s 200,000-b/d integrated refining complex in Port Arthur, Tex. Source: News

Bahrain wants oil-find partners by yearend 2019

Bahrain will select international partners in December 2019 for the production phase of a large oil and gas discovery off its west coast. Crown Prince Salman bin Hamad Al Khalifa, deputy supreme commander and first deputy prime minister, sketched a timetable for development of the discovery at a June 3 meeting of the Higher Committee […]

MARKET WATCH: NYMEX crude oil drops under $65/bbl

Light, sweet crude oil prices fell by more than $1/bbl for a second consecutive trading session on the New York market June 4 while Brent crude oil prices dropped about $1.50/bbl on the London market.  Source: News