Archives for October 2019
Formosa Plastics settles Lavaca Bay pollution case for $50 Million
A petrochemical plant about 120 miles southwest of Houston has entered into $50 million settlement in a lawsuit over polluting Lavaca Bay with plastic pellets. Source: FuelFix
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TechnipFMC lands EPC contract for offshore natural gas project in Vietnam
Oilfield service company TechnipFMC has landed an equipment contract for an offshore natural gas project off the coast of Vietnam. Source: FuelFix
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Oil slides again as economy falters and supplies grow
Oil fell again as a deteriorating outlook for the global economy weighed on demand, while estimates of increased American crude stockpiles suggested that supplies remain abundant. Source: FuelFix
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Dilemma for oil refiners as surging ship costs kill margins
Oil refiners hoping for some fourth-quarter gravy are facing disappointment as surging freight rates inflate the cost of buying crude. Source: FuelFix
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