LyondellBasell Industries is progressing with construction of the previously announced grassroots high-density polyethylene plant now under way at its petrochemical complex in La Porte, Tex. As of Nov. 5, key pieces of equipment, including a multizone circulating reactor, extruder, and gas-phase reactor have all been installed at the new Hyperzone polyethylene plant, LyondellBasell said. Source: […]

Wison Engineering Services Co. has completed delivery of all nine ethylene-cracking furnaces to be installed as part of the naphtha cracking unit at the first phase of Zhejiang Petrochemical Co.’s 800,000-b/d integrated refining and petrochemical complex currently under construction in Zhoushan, Zhejiang Province, China. Source: News

OMV AG has agreed to sell its wholly owned subsidiary OMV Tunisia Upstream GMBH to a subsidiary of Panoro Energy ASA, London, for $65 million, subject to adjustments. OMV Tunisia Upstream holds 49% interests in the Cercina-Cercina Sud, El Ain-Gremda, El Hajeb-Guebiba, and Rhemoura concessions in Tunisia and half of the shares in Thyna Petroleum […]

Serica Energy has entered agreements to further increase its interests in Bruce and Keith natural gas and condensate fields in the UK North Sea. The company also said it has satisfied conditions of a license from the US Office of Foreign Assets Control allowing operations to continue at nearby Rhum field despite a 50% interest […]

Magellan Midstream Partners LP and Navigator Energy Services have launched an open season to assess customer interest to transport various grades of light crude oil and condensate from Cushing, Okla., to Houston. Source: News

Enterprise Products Partners is launching a series of projects to expand fractionation capacity by 55,000 b/d at its existing operations in Texas and Louisiana. As part of the initiative, EPP plans to optimize its Shoup fractionator in Nueces County, Tex., by expanding and repurposing a portion of the partnership’s South Texas pipeline system, including construction […]

Steven W. Green has been named president of Chevron North America Exploration & Production, effective Mar. 1, 2019. Green succeeds Jeff Shellebarger who is retiring from Chevron after 38 years of service. Source: News

Trinidad and Tobago’s state-owned Petrotrin is progressing with its previously announced plan to end refining operations at the company’s 165,000-b/d Pointe-a-Pierre refinery. Operations are continuing to wind down at the facility, with operations as of Nov. 1 shifting seamlessly away from refining crude to importing refined fuels and exporting existing crude reserves, Petrotrin said. Source: […]

Brent crude oil prices gained modestly on the London market Nov. 5 to settle above $73/bbl while light, sweet crude oil prices dropped slightly in New York to settle above $63/bbl. US crude futures have held in the $63/bbl range for three consecutive trading sessions. Source: News

The US Department of the Interior’s Office of Natural Resources Revenue distributed $8.93 billion in revenue and royalties from energy produced on federal managed public and Indian tribal land to states, tribes and three special funds, 26% more than the $7.11 billon it distributed in fiscal 2017, Interior Sec. Ryan Zinke said. Source: News