The strategy focusses on developing a more diversified, resilient and lower-carbon energy company, re-inventing bp into a leaner, faster-moving and lower cost organisation and strengthening its finances in response to the challenging environment.
The integration will involve leveraging a combined set of human, technical, commercial, and financial capabilities, as well as customer relationships into the QP organization with the aim of being completed within the next few months.
The company is planning the first eMethanol facility in northern Sweden, which they expect to be operational from 2023.
The plant will produce 100% plant-based FDCA (furandicarboxylic acid) – a key building block for many chemicals and plastics.
The acquisition positions the company to better facilitate supply to customers in Asia and to support future market growth.
Sabic CEO says the changes to the bylaws were a precursor to a new chapter for the company.
The three-member committee comprising SCL Das, DG of Directorate General of Hydrocarbons, BC Bora, former chairman ONGC and TK Sengupta, former Director, ONGC will identify the lapses in following protocols and procedures which led to the accident.
Company's total sales declined by 12.48% to Rs 172.66 crore.
Agreements guarantee competitiveness to the value chain and enable investments and new business for the petrochemical sector.
It has been reported that except at the well plinth area, the fire around the site has mostly extinguished however, the burning of gas at the well mouth will continue till the well is capped.
The key projects included a repair of the furnace of the atmospheric crude oil distillation unit, the replacement of the cooling-water underground pipeline as well as servicing of large compressors at the steam cracker.
Most production operations will cease by the end of 2020 and final decommissioning and demolition work are anticipated through mid-2022.
Early signs from China, the first major economy to exit from the COVID-19 induced lockdown, are that manufacturing has bounced back more than consumption and that trend could be repeated in other countries.
After receiving FDA approval, BTEC began producing hand sanitizer in mid-May using a formula recommended by the World Health Organization.
Borealis announced that propylene splitter, one of the largest appliances ever delivered to the port of Antwerp in one piece by ship, was successfully transported from the quay to the Borealis site in Kallo.
When completed, the company expects the planned actions will deliver $160 to $170 million in annual pre-tax cost savings, with approximately $25 to $35 million of savings projected in 2020.
Due to lock down there was reduction in sales for the company.
Company to bring down capital expenditure by 25% this year – which is a reduction of around $3 billion.
Soon after the explosion at around 1:30 pm, plumes of smoke and flames enveloped the sky at the Baghjan Oil Well No 5.
Total project budget is estimated at over EUR 1.5bn. The construction phase is scheduled for completion in 2022 and the polypropylene unit will have an annual production capacity of 437,000 tonnes.
Subscribe to our newsletter & stay updated.
