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Flotek | July 28, 2021
Flotek Industries, Inc., a leader in green specialty chemistries for industrial, commercial, and consumer markets, announced today a long-term agreement with Resolute Oil, a leader in high-quality white mineral oil for consumer and industrial customers, to leverage capabilities and facilities to drive growth in adjacent green chemistry markets. The agreement provides the opportunity to extend until 2036.
Resolute Oil will use Flotek's entire 15-acre campus, including its 38,00...
Consultancy | January 21, 2020
The global reach of the chemicals industry value chain has made it susceptible to a number of factors prevalent in the international business environment, according to report by Intueri Consulting. The $214 billion industry is facing challenges from trade tensions as well as sluggish economic growth, among other factors. Intueri’s report examines the entire complex chemicals value chain, which stretches across various chemicals and elements and extends across borders. Individual components...
CHEMICAL TECHNOLOGY, SCIENCE AND RESEARCH
International Petroleum Corp. (IPC) | February 07, 2023
On February 06, 2023, International Petroleum Corporation (IPC or the Corporation) announced the proposed acquisition of Cor4 Oil Corp. in Canada for asset consideration of USD 62 million nearly (CAD 84 million). The acquisition consists of total proved plus probable (2P); it was the same as 15.9 million barrels of oil as of December 31, 2022. The assets that will be bought are expected to have an average net production of 4,000 barrels of oil, approximately equivalent per day for the curr...
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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