France’s Total invests $1.7bn in Texas petrochemicals

Texas is launching a $1.7 billion (£1.3bn) petrochemical joint venture in Texas as it wants to profit from the “business-friendly environment” in the US. It plans to build a one million ton per year ethane steam cracker in Port Arthur and a new polyethylene unit on the US Gulf Coast – chemicals used for plastics […]

Qatar plans petrochemicals complex with Shell

Qatar has agreed provisional plans with Royal Dutch Shell to build a petrochemicals “complex” in the Middle Eastern country’s Ras Laffan Industrial City. The scheme, which Shell’s chief executive Peter Voser said would be “a world-scale petrochemicals project” will mainly target its products at growing Asian markets. Qatar’s energy minister, His Excellency Dr Mohammed bin […]

Sterling hires MacAskill as chief executive

Sterling Energy has appointed oil industry veteran Angus MacAskill as its chief executive and a company director. Sterling is a London-listed oil and gas company with exploration and production activities in Africa and the Middle East. Mr MacAskill has worked for Mobil Oil, Enterprise Oil, Elixir Petroleum and latterly was chief executive of Emerald Energy. […]