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Downstream contract news

 
 
 

Berkshire Hathaway to acquire OxyChem

Berkshire Hathaway and Occidental have announced a definitive agreement for Berkshire Hathaway to acquire Occidental’s chemical business, OxyChem, in an all-cash transaction for US$9.7 billion.

 
 
 
 

Cerilon and Pembina sign naphtha offtake agreement

Cerilon has announced the signing of a binding offtake agreement with Pembina for naphtha from its gas-to-liquids (GTL) project under development in Williams County, North Dakota, US.