Saudi Aramco and Saudi Arabian Basic Industries Corp. have selected Yanbu, on Saudi Arabia’s west coast, to build their previously announced fully integrated crude oil-to-chemicals complex, which will process 400,000 b/d of oil to produce about 9 million tonnes/year of chemicals and base oils, is scheduled to start operations in 2025, the companies said in […]

TransCanada Corp. will expand its Nova Gas Transmission Ltd. (NGTL) System to connect existing and new supply to incremental intra-basin demand. The expansion consists of about 197 km (122 miles) of large-diameter pipeline, three compression units, meter stations, and associated infrastructure. Source: News

Crude oil benchmark prices declined for a third consecutive day on the New York and London markets Oct. 31. Oil prices continued falling during early Nov. 1 trading. Previously this year, oil prices had jumped more than 10% but analysts say oil demand growth could stall on an anticipated slowing global economy. Source: News