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Laredo Petroleum, Inc. | August 18, 2022
Laredo Petroleum, Inc. announced the signing of a purchase and sale agreement to divest certain non-operated properties in Howard County for $110 million, subject to customary closing price adjustments. The transaction is expected to close in October 2022, with an effective date of August 1, 2022. The non-operated assets comprise ~1,650 net acres and have expected full-year 2023 average net production of ~1,800 BOEPD. The Company plans to adjust production guidance post the closin...
S&P Global | April 07, 2020
Following are key facts about the unprecedented challenges and uncertainty faced by the European petrochemical industry due to the coronavirus pandemic and government restrictions on movement in an attempt to limit its spread. As supply-chain concerns in Europe continue to rise, market players will be faced with the prospect of cutting rates regardless of margins. Talks of end product production closures are expected to feedback into feedstock petrochemicals in the coming months. "Europe cu...
Chemengonline | May 19, 2020
Total S.A. (Paris, France) has signed an agreement with PureCycle Technologies LLC (Ironton, Ohio) to develop a strategic partnership in plastic recycling. As part of the agreement, Total undertakes to purchase part of the output of PureCycle Technologies’ future facility in the U.S. and to assess the interest of developing a new plant together in Europe. PureCycle Technologies uses an innovative, patented technology to separate color, odor and any other contaminants from plastic waste fee...
BIC Magazine | January 27, 2020
The United States on Thursday said it blacklisted two companies based in Hong Kong, one in Shanghai and one in Dubai for helping Iran's state-owned National Iranian Oil Company (NIOC) export millions of dollars of goods in violation of U.S. sanctions, as reported by Reuters. The U.S. Treasury Department said it imposed sanctions on the Hong Kong-based Triliance Petrochemical Co. Ltd and Sage Energy HK Limited, China-based Peakview Industry Co Ltd and United Arab Emirates-based Beneathco DMCC...
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