Company Dynamic

The Shell Petroleum Development Company of Nigeria Ltd joint venture has started production at Gbaran-Ubie phase 2, a key project in Nigeria’s Niger Delta region.

• Shell

PPG Industries Inc (PPG) announced the completion of a Colorful Communities project in Kecskemet, Hungary, that helped revitalize the learning environment of the Corvin Matyas primary school.

• PPG

BASF SE has become the first extruded polystyrene (XPS) producer to receive a construction type approval for extruded foam boards welded in a contactless process.

• BASF

The US government has initiated an investigation of China under Section 301 of the Trade Act of 1974. The investigation will seek to determine whether acts

• U.S.
• Govt

BP Zhuhai has lowered run rates of 1.25 million mt/yr PTA unit in sight of Typhoon Hato yesterday and has shut it today. Besides, the maintenance of the 1.1 million unit may be prolonged.

• BP
• PTA

PJSC Lukoil said it has launched the main production and process facilities at the South-West Gissar project in southeastern Uzbekistan (OGJ Online, Nov. 16, 2016; Mar. 28, 2012).

• Lukoil

Hengli Petrochemical has shut its 1# 2.2 million mt/yr PTA unit by half due to technical glitch.

• PTA

RP Sanjiv Goenka group company Phillips Carbon Black Ltd (PCBL) today said it will be investing Rs 300 crore to ramp up the capacity and was also evaluating a greenfield carbon black plant in south India.

• PCBL
• Capacity

The Life Insurance Corporation of India is monitoring developments in Infosys closely and is likely to meet the company’s management soon, sources in the know told Moneycontrol.

• LIC
• Buy

It was a bit unexpected when earlier this month PayPal Holdings announced that it agreed to acquire privately-held Swift Financial

• PayPal

Reliance Industries Ltd, owned by India’s richest man Mukesh Ambani, is considering entering the power-storage business with its partner BP Plc. to expand into the country’s growing renewable energy sector

• Reliance
• BP

Total SA announced that it is acquiring 100 percent shares of Maersk Oil & Gas A/S (Maersk Oil), a wholly owned subsidiary of A P Moller – Maersk A/S, for $7.45 billion.

• Total

A report from the Fitch Ratings states that it maintains E.I. du Pont de Nemours and Company's (DuPont) ratings on rating watch negative.

• DuPont

Rosneft has successfully completed the acquisition of 49.13 percent shares of Essar Oil Limited (EOL) from Essar Energy Holdings Limited (EOL) and its affiliates.

• Rosneft

The Canada Border Services Agency (CBSA) initiated investigations on August 18, 2017

• Anti-dumping
• Anti subsidy
• China
• Canada

Yisheng Dahua lowered the operating rates of the 3.75 million mt/yr PTA unit on Aug 18 and has recovered to full capacity gradually.

• PTA
• Dalian

It is reported that BP Zhuhai has shut its 1.1 million mt/yr PTA unit due to undisclosed reason.

• PTA

A fire that broke out at state oil major PetroChina's plant in northeastern China, one of the country's largest refineries, has been put out with no reported casualties, state media reported.

• Dalian
• PetroChina

BASF New Business GmbH, a subsidiary of BASF SE has acquired 100 percent of the filament producer Innofil3D, headquartered in Emmen, Netherlands.

• BASF

Ascend Performance Materials has marked the completion of Project Staple, a $6.2 million expansion project that added nearly 30 new jobs at the company’s plant in Greenwood, South Carolina.

• Ascend