Downstream news
Odfjell purchases chemical tanker
Odfjell SE has announced it has purchased a stainless steel chemical tanker in a second hand transaction.
Owens Corning acquires Pittsburgh Corning
Owens Corning has reached an agreement to acquire cellular glass manufacturer Pittsburgh Corning.
Saudi Aramco inks agreements with US companies
Saudi Aramco has signed a number of agreements with US companies to promote bilateral trade.
Emerson acquires MYNAH Technologies
Emerson has completed the acquisition of MYNAH Technologies.
ADNOC signs agreement with Penthol
ADNOC has signed an exclusive agreement with Penthol for Group III base oil sales into the USA through the Vertex-Penthol Partnership.
ExxonMobil completes polyethylene lines
ExxonMobil has announced it has completed its new polyethylene lines at the Mont Belvieu Plastics Plant in Texas, US.
Dow inks Saudi Arabia agreements
Dow has signed two agreements for coatings and silicones investments in Saudi Arabia.
OPEC oil revenues at 13 year low
According to the US EIA, net oil revenues from oil producing and exporting countries (OPEC) in 2016 were the lowest they have been since 2004.
Wood Group secures contract with Sakhalin Energy
Wood Group has announced it has secured a contract with Sakhalin Energy for Sakhalin's offshore projects, LNG plant, oil export terminal and tanker loading unit.
Clariant and Huntsman to combine
Clariant and Huntsman have announced the companies will combine in a Merger of Equals.