Keyword: Petrochemicals


Murray Auchincloss Appointed as Permanent CEO of BP

19.01.2024 -

BP has appointed Murray Auchincloss as its permanent CEO, effective immediately. He has been interim CEO since September 2023 after the sudden resignation of his...


LyondellBasell to Acquire 35% of Saudi Arabia-based Natpet

18.01.2024 -

LyondellBasell (LYB) has agreed to acquire a 35% stake in Saudi Arabia-based National Petrochemical Industrial Company (Natpet) from Alujain for approximately $500...


Shell to Sell Nigeria Onshore Subsidiary for $1.3 Billion

17.01.2024 -

Following its long-term goal of extracting itself from a challenging operating environment in the Niger Delta, Shell agreed to sell its Nigerian onshore subsidiary Shell...


Ineos Acquires the Eastman Texas City Site

29.09.2023 -

Petrochemicals giant Ineos has agreed to buy compatriot Eastman’s Texas City site, including the 600 kt acetic acid plant and all associated third party activities on the...


DuPont to Pay $19 Million for 2014 Plant Explosion

26.04.2023 -

Du Pont has been found guilty of criminal negligence and fined $12 million in connection with a November 2014 explosion that killed four employees of its methyl mercaptan...


Saudi Arabia Gives Sovereign Wealth Fund fresh Cash

20.04.2023 -

Saudi Arabia is transferring another 4% chunk of state-owned oil giant Saudi Aramco, parent company of petrochemicals and plastics producer SABIC, to Sanabil Investments...


Saudi Aramco in China Refinery Project

30.03.2023 -

Saudi Arabia is on a path toward establishing a major presence in the Chinese market. Saudi Aramco, the world’s biggest oil producer, said it plans to start construction...


Aramco and Sinopec Plan Projects in China, Saudi Arabia

20.12.2022 -

Aramco and Sinopec have signed two separate agreements to develop petrochemical complexes in their home countries of Saudi Arabia and China.