BP Enters into LNG Sales and Purchase Agreement with PTT

| December 30, 2016

article image
BP plc BP recently announced that it has inked a sales and purchase agreement with PTT Public Limited Company ("PTT") for liquefied natural gas (LNG). We expect these developments to result in stock price appreciation. Year to date, the stock has gained 19.7%, while the Zacks categorized sub industry Oil & Gas-International Integrated Market has increased by 19%.

Spotlight

Amsyn Inc.

Amsyn is an import/export distributer of specialty chemicals with access to synthesis capabilities as well as various distribution services. Founded in 1989 as Amber Synthetics, Inc., the company's primary activity was custom manufacturing and sourcing services for the pharmaceutical industry. In 1992 Amber Synthetics was merged with a newly acquired activities in chemical distribution (Alemark Chemical) and R&D Consulting (Custom Synthesis & Development). Together Amber Synthetics, Alemark Chemicals and CS&D became Amsyn Incorporated, a uniquely integrated organization adapted to meet the full range of development, commercialization and distribution needs of the chemical industry.

OTHER ARTICLES

Optimizing chemical production using data-driven, AI-enabled hybrid modeling

Article | March 13, 2020

Smart use of your plant’s data can take process efficiency to a higher level. Hybrid models driven by artificial intelligence deliver the best results for the least effort. And you don’t need a data science degree to enjoy them. Data is everywhere these days – and the volumes of it are growing exponentially all the time. We’re used to smart uses of it in our everyday lives. Like Amazon and Netflix using our past behavior to tempt us with new products or shows, even making them more appealing by tailoring how they look based on carefully constructed, data-driven profiles of our tastes. Much of that heavy lifting is done by artificial intelligence (AI). In chemical production, process control systems have been collecting data measurements during continuous or batch manufacturing for decades.

Read More

Petrochemicals markets complexity is only going to grow and grow

Article | May 13, 2021

NICE WORK, if you get can get it. A trucking company in Fort Worth, Texas, is offering to pay experienced drivers $14,000 a week – $728,000 a year – as the US struggles with a nationwide shortage of truckers or lorry drivers. This reminds me of perhaps an apocryphal tale, from the height of the last Australian mining boom. Before iron ore prices collapsed in late 2014, there was a story about workers at mining site road junctions who operated manual “Stop and Go” signs. They were said to be earning more than Australian dollar (A$) 200,000 a year. Before you pack in your job as, say, a petrochemicals sales manager and head to Texas or mine sites in Western Australia, there is the risk that when you arrive at the door of your new prospective employer, the bubble might have already burst. This is assuming we are in bubble conditions.The pressure is clearly building in petrochemicals and other commodity markets as prices in some regions remain at record highs or continue to rise. Today’s prices are the results of shortages of commodities supply (for example in petrochemicals, an outcome of the US winter storms), very strong demand and supply chain disruptions.I am beginning to believe that the latter is the biggest reason for commodity price inflation which is feeding through into sharp rises in the cost of finished goods – and a lack of goods availability. It is delivering and manufacturing enough stuff that seems to be at the heart of today’s problems due to shortages of everything from container freight space and semiconductors to wooden pallets, tin cans, metal drums, cardboard – and US truck drivers.

Read More

Exploring the potential impact of Brexit on the chemical industry

Article | March 12, 2020

With Brexit officially underway, the UK has entered the transition period during which arrangements affecting the chemical industry will be made. The chemical sector produces around £50 billion worth of exports annually, and 60% of this goes directly to the European Union [1]. 75% of our chemical imports also come from the EU [1], making Brexit a critical time for the sector. The future of trading is yet to be established. Now is a pivotal period during which the chemical industry, stakeholders and the government need to work together to determine this future, in order to allow for a continuation of chemistry enabled growth.

Read More

How Refiners Can Capitalise on the Petrochemical Industry

Article | April 6, 2020

Do you fancy a piece of Petrochemical Pie? As the demand for refined products is falling and demand for petrochemical products is increasing, it is vital that refiners consider petrochemical integration, which offers increased flexibility and a competitive edge. Learn more below about the benefits, considerations and recent projects, and, how the double whammy of the oil price crash and the COVID-19 pandemic is affecting the petrochemical market.

Read More

Spotlight

Amsyn Inc.

Amsyn is an import/export distributer of specialty chemicals with access to synthesis capabilities as well as various distribution services. Founded in 1989 as Amber Synthetics, Inc., the company's primary activity was custom manufacturing and sourcing services for the pharmaceutical industry. In 1992 Amber Synthetics was merged with a newly acquired activities in chemical distribution (Alemark Chemical) and R&D Consulting (Custom Synthesis & Development). Together Amber Synthetics, Alemark Chemicals and CS&D became Amsyn Incorporated, a uniquely integrated organization adapted to meet the full range of development, commercialization and distribution needs of the chemical industry.

Events