Petrochemicals

ExxonMobil has announced it will increase Beaumont polyethylene capacity by 65%, adding 650 000 tpy of high performance polyethylene.

The Oman Oil Company has signed an MoU with Kuwait Petroleum International for the latter to invest in the Duqm Refinery and Petrochemical Complex project.

Baker Hughes has introduced a new generation of fluid separation technology for the oil and gas industry.

GTC Technology has announced it has won an award from JG Summit Petrochemicals for its BTX extraction unit.

Siemens and Bentley Systems have formalised a strategic alliance agreement to drive new business value by accelerating digitalisation to advance infrastructure project delivery.

Unitel has been commissioned to provide the engineering/design services and cost analysis to evaluate and propose the optimum solution for a Singapore company.

Technip has been awarded a contract for the modernisation of the SOCAR Azerikimya Petrochemical Complex in Azerbaijan.

Clariant has announced the launch of its new high performance ethyl benzene dehydrogenation catalyst StyroMax UL3.

The WEN, Women's Energy Network, has formed a National Board to oversee the organisation in the industry.

The Intercontinental Exchange has announced a record daily volume of low sulfur gasoil contracts.

Fluor has released its financial results for the third quarter 2016 (3Q16).

InterChem has chosen the AspectCTRM cloud trade and risk management solution to support activities in London, Rotterdam, Houston and Singapore.

Fluenta and Wegman have announced the renewal of their partnership agreement for system integration and project management.

Emerson and Flexim have announced they are combing their flow portfolio in order to help customers achieve more efficient and effective capital projects.

Downstream earnings declined to US$1.2 billion, primarily due to weaker refining margins.