Petroleum
The Abu Dhabi Polymers Company Limited (Borouge), a joint venture between The Abu Dhabi National Oil Company (ADNOC) and Borealis, has announced a deal worth over USD600 million to build an ethylene plant in the United Arab Emirates. The plant, expected to start construction in the first half of 1999
Petroleum
BlackRock Ventures Inc. today reported its third quarter 1998 results, with the Cold Lake pilot project reaching a milestone as October average production exceeded 600 barrels of bitumen per day. The company's equity share of Rayrock's losses for the first nine months of 1998 contributed to
Petroleum industry
The Duff & Phelps Credit Rating Co. (DCR) has assigned a 'BBB-' (Triple-B-Minus) rating to the US$685 million senior notes due 2013 and floating-rate bank notes issued by Compania Mega S.A. (Mega) to finance the construction and operation of a gas separation plant, pipeline, and fractionation
Petroleum industry
The Argentine government is set to sell a 14.9% stake in YPF S.A. by January, sparking intense speculation about potential bidders. The sale is a result of the government's initial plan being derailed by a sharp drop in world oil prices. With 20.3% of the
Petroleum
Despite a 1.5% gain in The Oil Daily 30 Composite index, energy shares trailed the broader market last week. Led by independent producers and oil service companies, the sector managed to post a small advance despite sliding crude oil prices. The Dow Jones Industrial Average surged 4.7% to
Petroleum
The UK government has welcomed the announcement that British Petroleum (BP) is to invest £300 million in its petrochemical plant at Grangemouth, Scotland, creating 3,180 jobs. The investment includes extending the KG ethylene plant and constructing a new site for ethanol production, which will increase capacity by 65% to
Petroleum industry
Consolidated Natural Gas Company's exploration and production subsidiary, CNG Producing Company, announced a significant deepwater discovery in the Gulf of Mexico, offshore Louisiana. The discovery was made at the North Marlin Prospect, operated by Shell Deepwater Development, Inc., in 2,521 feet of water, approximately 135 miles southeast
Petroleum industry
Union Carbide Corporation and PETRONAS, the national oil company of Malaysia, have made significant progress in constructing a world-scale, integrated chemical complex in Kerteh, peninsular Malaysia. The three joint ventures have awarded two major contracts to Linde AG of Germany and Kvaerner Process for the construction of the 600,000
Gas industry
Vcall Corp., a leading provider of internet-based investor communications, enables public companies to reach a broader audience of shareholders and financial professionals through its website, located at http://www.vcall.com. Crown American Realty Trust, Anadarko Petroleum Corp., and Nationwide Financial Services Inc. will hold their quarterly earnings conference calls
Gas industry
Attachmate Corporation has announced a comprehensive server-based solution, e-Vantage for AS/400, tailored to meet the needs of midrange customers who want to evolve their systems to e-business. This announcement follows the recent release of the multi-host Attachmate e-Vantage solution. e-Vantage for AS/400 includes a set of products and
Petroleum industry
The White House was urged to intervene in the West Coast salmon fishing dispute between the US and Canada, as Washington state officials and business leaders warned that continued Canadian interception of fish bound for Puget Sound could hamper any recovery effort. Meanwhile, the Automotive industry saw several major announcements,
Petroleum industry
In a remarkable achievement, Sun Microsystems has surpassed all UNIX competitors in revenue and unit shipments in the first half of 1998. According to International Data Corporation (IDC), Sun has captured the top spot in the overall UNIX server market, with a 27 percent share of all UNIX server revenue.
