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Commercial crude inventories plunge after Hurricane Barry
U.S. stockpiles of commercial crude plunged last week in the aftermath of Hurricane Barry by nearly 11 million barrels. Source: FuelFix
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Exxon starts big new Beaumont petrochemical plant
Beaumont is now home to Exxon Mobil’s largest polyethylene plant after the Irving company started production on a huge new polyethylene line that expands the petrochemical plant’s capacity by 65 percent.Exxon Mobil said Wednesday it...
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T-Mobile, RigNet launch LTE wireless network in the Gulf of Mexico
Houston-based RigNet has partnered with T-Mobile to expand LTE wireless service to more than 60,000 square miles in the Gulf of Mexico, offering better communications networks for the offshore oil and gas sector. Source: FuelFix
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TechnipFMC wins $7.6 billion contract to build LNG plant in the Arctic Circle
The liquefied natural gas arm of oilfield service company TechnipFMC has been awarded a $7.6 billion contract to build an LNG export terminal in the Russian part of the Arctic Circle. Source: FuelFix
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Chemical stock downgrades, lower activity point to more softness in industry
A leading chemical industry index slipped downward in July as analysts warned that the U.S. chemical sector’s expansion is reaching into its late stages and analysts downgraded views of two top Houston chemical companies. Source:...
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