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China leading acetic acid capacity additions to 2028, says GlobalData
China to dominate acetic acid capacity additions to 2028, with more than 90% of the total capacity additions says GlobalData.
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Company News
Trillion Energy re-completes wells in Turkey’s SASB gas field
Trillion Energy has announced the successful re-completion of wells on the Akcakoca Platform in the SASB gas field of Turkey.
Company News
Halliburton launches Intelli suite to improve well insights and boost production
Halliburton has introduced the Intelli suite of diagnostic well intervention wireline logging services, aiming to enhance collaboration with customers, improve well insights, increase production, extend asset life, and reduce total operational costs.
Deal News
Edgewater Midstream completes acquisition of Sinco Pipeline system and Colex Terminals from Shell
Edgewater Midstream, a portfolio company of EnCap Flatrock Midstream, has finalised the acquisition of the Sinco Pipeline system and the Colex East and Colex West Terminals from subsidiaries of Shell USA.
Analyst Comment
Asia set to dominate global acetic acid capacity additions by 2028
The global capacity for acetic acid is anticipated to experience significant growth within the next four years, potentially increasing from 20.51 million tons per annum (mtpa) in 2023 to 29.09mtpa by 2028.
Industry News
Good news for humans: AI doesn’t do judgement
Human judgement is still irreplaceable despite advancements in AI, reinforcing the value of critical thinking and decision-making.
Company News
Accenture to acquire AOX for automotive software boost
Accenture has announced its intention to acquire AOX, a German firm specialised in embedded software for the automotive industry.
Company News
ADNOC Gas awards FEED contract to Worley for BGC project
ADNOC Gas has awarded a front-end engineering and design (FEED) contract to Worley Engineering for the establishment of new gas processing facilities at the Bab Gas Cap.
Company News
Indonesia inks Central Andaman oil and gas block contract
Indonesia’s Ministry of Energy has confirmed a contract with Harbour Energy and Mubadala Energy for developing the Central Andaman oil and gas block.
Deal News
Crescent Energy acquires Ridgemar Energy’s Eagle Ford assets for $905m
Crescent Energy has announced the signing of a definitive agreement to acquire Eagle Ford assets from Ridgemar Energy.