Wednesday, November 20, 2024
https://www.chron.com/business/energy/article/BP-building-plastic-recycling-pilot-plant-in-14558936.php?cmpid=ffcp-oag360

BP building plastic recycling pilot plant in Illinois

Source: Houston Chronicle The British energy major BP said Thursday it will build a new pilot plant for recycling plastics at its refining complex in Illinois. The $25 million pilot plant, which is expected to be completed next year, would test BP’s new “Infinia” technology to transform currently un-recyclable plastics into new plastic feedstock. The technology specifically would recycle polyethylene terephthalate,

https://www.chron.com/business/energy/article/Oil-Cools-After-U-S-Crude-Draw-Fueled-Biggest-14558841.php?cmpid=ffcp-oag360

Oil steady as weaker economy data eclipses U.S. stockpile drop

Source: Houston Chronicle Oil traded near $56 a barrel in New York as weak economic data from Germany added to concerns over slowing global fuel demand, tempering the boost from a surprise pullback in U.S. crude stockpiles. Futures recouped earlier losses of 1% as equities strengthened on positive corporate results, yet remained capped by economic worries as IHS Markit’s measure

https://www.reuters.com/article/us-patterson-uti-results/patterson-uti-cost-cuts-help-it-post-smaller-than-expected-loss-idUSKBN1X316O-oag360

Patterson-UTI cost cuts help it post smaller-than-expected loss

Source: Reuters (Reuters) – Oilfield services firm Patterson-UTI reported a smaller-than-expected loss on Thursday, as cost cuts helped it limit the impact of an ongoing decline in North American shale activity. An investor push toward higher returns instead of growth amid weak oil prices has prompted U.S. shale producers to reduce spending, forcing rig providers to lower costs in the

https://www.reuters.com/article/us-petrobras-distri-outlook/brazils-br-distribuidora-to-create-energy-natural-gas-and-ethanol-trading-cos-idUSKBN1X31KJ-oag360

Brazil’s BR Distribuidora to create energy, natural gas and ethanol trading cos

Reuters SAO PAULO (Reuters) – Brazilian fuel distributor Petrobras Distribuidora SA is considering creating energy trading units as it seeks to reposition itself after its privatization last July, Brazilian newspaper Valor Economico reported on Thursday.   The company is considering creating ethanol, electricity and natural gas trading businesses, Rafael Grisolia, BR Distribuidora’s chief executive, told the Thursday edition of Valor