Dubai-based MEGlobal International FZE, a subsidiary of Kuwait’s first international petrochemical joint venture Equate Petrochemical Co., said it will build its first US monoethylene glycol (MEG) manufacturing plant at Dow Chemical Co.’s Oyster Creek petrochemical complex in Freeport, Tex. Source: News
MARKET WATCH: NYMEX, Brent oil prices dropped before Easter
Light, sweet crude oil prices for May delivery fell for a third consecutive session to settle Mar. 24 at $39.46/bbl on the New York market while Brent crude oil also fell on the London market the same day to settle at $40.44/bbl. Source: News
A rescue of Houston by Washington, DC? It's not unthinkable
Sometimes it pays to think the unthinkable. Think about the rescue of Houston, TX, by Washington, DC. Source: News
Watching Government: A nagging Atlantic OCS question
Serious questions remained after the US Department of the Interior canceled a Mid-Atlantic lease sale during the forthcoming 2017-22 US Outer Continental Shelf oil and gas program on Mar. 15. The biggest may be whether it’s dragging its feet on finding out what’s actually out there. Source: News
Aramco, Shell to divide Motiva JV's refining assets
Saudi Aramco and Royal Dutch Shell PLC have entered a preliminary agreement to separate assets of Motiva Enterprises LLC, the Houston-based refining and marketing joint venture equally owned and operated by the companies since 2002 (OGJ Online, Feb. 13, 2002). Source: News
The UK's changing taxes
Tax relief for oil and gas produced on the UK Continental Shelf surprised no one in a struggling industry that has desperately sought it. The same cannot be said for past changes to the British tax regime. Source: News
Statesmanship in action
At the 1996 annual meeting of the Independent Petroleum Association of America, two propositions emerged that are worth recalling now. Source: News
Europe’s costly energy experience seldom in US news
Governments can’t require the replacement of cheap energy by expensive energy without increasing the cost of energy. But they can waste a lot of money pretending otherwise. Source: News
Williams starts off-gas extraction plant
Williams Cos. Inc. has started its second extraction plant fed by off-gases from a Canadian bitumen upgrader. Source: News
Aramco commissions offshore Hasbah gas field
Saudi Aramco has commissioned offshore Hasbah natural gas field, part of the two-field Al Wasit gas project. Source: News