Celanese JV commissions Texas methanol plant

Fairway Methanol LLC, a 50-50 joint venture of Celanese Corp., Dallas, and Mitsui & Co. Ltd., Tokyo, has commissioned a grassroots methanol plant at Celanese’s integrated chemical production complex in Clear Lake, Tex. Source: News


Oil company chiefs back climate-change pact

The chief executives of 10 large oil and gas companies have agreed to collaborate on cutting emissions of greenhouse gases, calling for an international agreement on climate change at the “COP21” summit next December in Paris. Source: News


BHI: US rig count down 8 in 8th straight week of losses

Anchored by a 10-unit drop in oil-directed rigs, the US drilling rig count lost 8 units to settle at 787 rigs working during the week ended Oct. 16, according to data from Baker Hughes Inc. Source: News


Par Petroleum to change name, appoint new CEO

Par Petroleum Corp., Houston, will change its name to Par Pacific Holdings Inc., effective Oct. 20, “to more accurately reflect its growth strategy of building and acquiring market-leading businesses.”  Source: News


Shell issues force majeure after upset at Singapore ethylene complex

Royal Dutch Shell PLC has declared a force majeure on base chemical products from the Pulau Bukom manufacturing site on Bukom Island, Singapore, following a disruption to operations at its recently expanded ethylene cracker complex (ECC). Source: News


MEO drops Heron field permit

After many years of trying to prove up a commercial project, MEO Australia Ltd. has finally bitten the bullet and relinquished its interest in the Heron gas discovery in permit NT/P68 in the Timor Sea. Source: News


First cargo shipped from Gladstone LNG

The Santos Ltd.-led $18 billion Gladstone LNG (GLNG) project on Curtis Island in Queensland has shipped its first cargo of LNG. Source: News


North Dakota PUC approves new Bakken crude oil pipeline

The North Dakota Public Service Commission has approved an application to build the NST Express LLC crude oil pipeline in McKenzie County. The pipeline would have maximum capacity of 100,000 b/d. Source: News


MARKET WATCH: NYMEX oil prices drop modestly on inventory gain

Light, sweet crude oil prices for November delivery dropped on the New York market to close slightly lower Oct. 15 following a larger-than-expected jump in crude oil and product supplies, and analysts said the increase was an affirmation that ample global oil supplies continue. Source: News


OPEC accepts Indonesia’s request to reactivate membership

The Organization of Petroleum Exporting Countries has accepted Indonesia’s request to reactivate the country’s membership. Indonesia formally asked for reinstatement at the cartel’s June ministerial meeting in Vienna. Source: News