Ineos

Amid natural gas prices that have slumped below $2.00/MMBtu at a number of pricing hubs across the country, Chesapeake Energy Corp. is lowering its exploration and production activity in the Marcellus and Haynesville shale plays while also looking to complete an exit from the Eagle Ford Shale in 2023. “As we plan our initial capital…

Sempra Infrastructure and a unit of UK’s Ineos Group Ltd. have inked a long-term sales and purchase agreement (SPA) for 1.4 million metric tons/year (mmty)  of LNG from the proposed Port Arthur export project southeast of Houston.  The liquefied natural gas arm of San Diego-based Sempra said Ineos agreed to a 20-year SPA, formalizing a…

Sempra Infrastructure has formalized an agreement with ConocoPhillips, giving the independent 5 million metric tons/year (mmty) of offtake and a 30% stake in its planned Texas export project east of Houston. The subsidiary of San Diego-based Sempra disclosed Tuesday that it executed a 20-year sales and purchase agreement (SPA) with ConocoPhillips for supply from Port…

BP plc on Monday announced it is selling off its substantial petrochemicals business, much of it in the United States, in a $5 billion deal with chemicals giant Ineos Group. The sale, designed as “the next strategic step in reinventing BP,” would strengthen the balance sheet and deliver on the supermajor’s $15 billion total planned…

Global petrochemical giant Ineos said Tuesday it plans to invest more than $3 billion to build a world scale ethane cracker and propane dehydrogenation unit in northwest Europe to take better advantage of U.S. natural gas supplies.

State Sen. Andrew Dinniman has asked the Pennsylvania Public Utility Commission (PUC) to post all public comments to the official online docket as his case against Sunoco Pipeline LP, which has stopped service on Mariner East (ME) 1 and some construction on ME 2 and 2X, advances.

Petrochemical giant Ineos Group, which now ships U.S. natural gas to European ports, said Monday it has clinched a long-term supply agreement to ship domestic ethane from domestic shale fields to China’s SP Chemicals.

Rex Energy Corp. said Monday that it has reached an agreement with INEOS Europe AG to sell the petrochemical company ethane, propane and butane for its overseas facilities, making it the latest Appalachian producer to sign a deal to send U.S. shale gas abroad.

Rex Energy Corp. said Monday that it has reached an agreement with INEOS Europe AG to sell the petrochemical company ethane, propane and butane for its overseas facilities, making it the latest Appalachian producer to sign a deal to send U.S. shale gas abroad.