Petrochemicals

Global energy investment in 2015 amounted to US$1.8 trillion, down 8% (in real terms) from 2014, mainly due to a sharp fall in upstream oil and gas investment.

A recent survey of manufacturing executives indicated that many respondents (67%) would invest in data analytics, even as they pare back spending in other areas.

Mitsubishi Heavy Industries Ltd will deliver a broad range of new technologies that simplify LNG plant facilities, reduce costs and increase environmental performance.

The State of Rhode Island has announced it has filed a lawsuit against 34 oil companies for the costs associated with MTBE contamination and clean up.

Matheson Tri-Gas has completed its acquisition of US assets divested by Air Liquide.

Williams will consolidate the number of operating areas within the company from five to three: Atlantic-Gulf, West and Northeast Gathering & Processing.

Williams Partners has announced it has started a process to explore the monetisation of the Geismar olefins facility.

The global process analysers (liquid and gas) market is expected to reach US$4.98 billion by 2020.

PetroChoice has announced its acquisition of the lubricant division of the Rex Oil Company in North Carolina.

Puma Energy announces it has delivered its first cargo of bitumen to a terminal in Nigeria.

BASF SE, Dow Chemicals and Akzo Nobel NV are all aiming for a significant share in the cooling water treatment chemicals market, according to Mordor Intelligence.

Envirosystems Incorporated has acquired Rocky Mountain Industrial Services (RMIS) based in Denver, Colorado.

Mangalore Refinery and Petrochemicals Ltd. have released the company results for the first quarter of the financial year 2016 - 2017.

Enterprise Product Partners has begun its service at the new ethane export terminal on the Houston Ship Channel, with the INEOS vessel the first to be loaded.

Jacobs has announced its has acquired BAYQIK sulfuric acid converter technology from Bayer AG.