Posts filtered on Tag

Dow Chemical

Operator Tim Mouton inspects polymer pellets for quality at the LyondellBasell Bayport Polymers Plant, Monday, October 11, 2010 in Pasadena, TX. (Eric Smith/Houston Chronicle)

Extended low oil prices could slow U.S. petrochemical renaissance

on
The bountiful ethane that comes from natural gas liquids and U.S. shale production would become more scarce, according to the IHS report. Ethane is used to make ethylene, which which is the main building block for plastics.
A worker at Valero Energy's refinery in Three Rivers, Texas, Oct. 12, 2012. Refining, once regarded as a low-margin, accident-prone part of the energy industry, is doing better in part because of cheaper natural gas and domestic crude oil. (Michael Stravato/The New York Times)

Chemical plants and refineries hoping to hire laid off oil and gas engineers

on
The global oil slump is striking the upstream sector at a critical moment for downstream companies as they scramble to address a growing problem of a lack of qualified middle-management workers rising through the ranks, according to a new analysis by executive search firm Proco Global.
A crowd gathers on the floor of the Offshore Technology Conference.

Dow Chemical at OTC: New technology is helping oil companies recycle all of that fracking waste water

on
New technological advances have allowed oil companies to more easily convert drilling waste water to get reused in the oil patch, said Larry Ryan, president of Dow Chemical’s energy and water solutions business in an interview with Fuel Fix at the company’s booth at the Offshore Technology Conference.
(Photographer: Patrick Semansky/Bloomberg)

The petrochemical industry has billions in projects on tap, but not enough workers to build them

on
Craft laborers require years of training, but the industry has failed to consistently invest in developing that workforce, leading to a worker shortage plaguing the petrochemical building spree.
Dow Chemical Co. chairman and CEO Andrew N. Liveris, front, addresses his employees and honored guests during the announcement of Dow's new ethylene production plant at Dow Texas Operations, Thursday, April 19, 2012, on the Brazosport College campus in Lake Jackson. (Nick de la Torre/Houston Chronicle)

Dow Chemical, Olin in $5 billion cash-and-stock deal

on
Dow has been under pressure from the hedge fund Third Point LLC to split its specialty chemical and petrochemical businesses.
(Photographer: Patrick Semansky/Bloomberg)

Report: Chemical revenues slip but expansions expected to continue

on
North American chemical companies have seen their revenues slip with the plunging crude price, but they aren’t expected to abandon the billions worth of expansions they announced when profits were higher, a new report finds.
McDermott International has a $1.5 billion-plus contract with Saudia Arabia's national oil company. (AP file photo/John Moore)

World’s largest oil exporter said to seek $10 billion

on
The rapid decline in oil prices since June last year may encourage a wave of consolidation and acquisitions in the energy sector.
(AP file photo/Hasan Jamali)

Saudi-Dow Chemical moving forward on $20 billion plant

on
Saudi Arabia, the world’s largest crude exporter, started the petrochemical project in 2011 when oil averaged $111 a barrel.
A multibillion-dollar expansion of  Dow Chemical Co's Freeport complex is one of many Gulf Coast petrochemical projects driven partly by low-priced U.S. natural gas.  (Dow Chemical Co. photo)

Dow Chemical to sell off even more assets

on
Dow Chemical executives on Wednesday announced plans to sell off even more assets in the next two years, continuing a push to streamline operations and pull back from products that no longer fit within the company’s business strategy.
albert chao

Westlake Chemical plans $330 million ethylene expansion

on
Construction will generate about 1,000 jobs at its peak, the company said.