ALTIVIA Acquires KMCO Texas Facility
ALTIVIA Oxide Chemicals, LLC, an affiliate of ALTIVIA Petrochemicals, today announced that it has acquired KMCO and its associated chemical ethoxylation manufacturing assets in Crosby, Texas. The facilities, located on 160 acres near Houston, include 31 reaction and distillation trains with capacity for Ethylene and Propylene Oxide reactions as well as a broad range of organic reactions […]
StoneAge has acquired Breadware Inc.
StoneAge has acquired Breadware Inc., an industrial IoT product development company headquartered in Reno, Nevada. “We have partnered with Breadware on the development of several connected ‘smart’ products, including our Sentinel⢠automation system, which is launching later this year,” said Kerry Siggins, CEO of StoneAge. “Our vision is to be the world’s leading provider of […]
Devon Energy amends Barnett Shale asset sale agreement
Devon Energy Corp. and Banpu Kalnin Ventures (BKV) recently amended the existing terms of their Barnett Shale purchase and sale agreement. Under the amended terms, Devon has agreed to sell its Barnett Shale assets to BKV for up to $830 million of total proceeds, consisting of $570 million in cash at closing and contingent payments […]
NACE International, SSPC combine organizations
NACE International members have voted to approve the association’s proposal to combine with the Society for Protective Coatings (SSPC). During the two-week voting period, thousands of NACE stakeholders worldwide cast their votes, with an overwhelming 89 percent in favor of combining forces with SSPC. The vote came after more than a year of discussions between […]
Shell sells U.S. Appalachia assets to National Fuel
Royal Dutch Shell plc, through its affiliate SWEPI LP (Shell), has reached an agreement with National Fuel Gas Co. (NFG) and its subsidiaries, Seneca Resources Co. LLC, National Fuel Gas Midstream Co. LLC and NFG Midstream Covington LLC (together, “National Fuel”), to sell its Appalachia shale gas position for $541 million, subject to closing adjustments. […]
BP confirms commitment to sale of Alaska business
BP recently confirmed its commitment to completing the sale of its Alaska business to Hilcorp. At press time, the parties expected to complete the transaction in June. Reflecting recent significant market volatility, BP and Hilcorp have successfully renegotiated the financial terms of the deal to respond to the current environment. Under the revised agreement, the […]
TC Energy completes sale of Ontario natural gas-fired power plants
TC Energy Corp. has completed the sale of its interests in three Ontario natural gas-fired power plants to a subsidiary of Ontario Power Generation Inc. for net proceeds of approximately $2.8 billion prior to post-closing adjustments. The facilities include the 683-megawatt Halton Hills power plant, the 900-megawatt Napanee generating station and TC Energy’s 50-percent interest […]
Forged Components Inc. acquires Western of Texas Forge & Flange
Forged Components Inc. (FCI) recently acquired Western of Texas Forge & Flange Co. Western of Texas Forge & Flange Co. has been in business for over 35 years and manufactures high-quality pipe flanges and forgings to standard and custom sizes. They have the ability to supply commodity flanges to the oil and gas exploration and […]
Nouryon to acquire metal alkyls business from Sasol
Nouryon has entered into an agreement to acquire the merchant triethyl aluminum (TEAL) business of Sasol, including its specialty fleet of returnable cylinders. TEAL is a metal alkyl essential in the production of high-volume plastics, including polypropylene and polyethylene. The acquisition is the latest in a series of moves Nouryon has made to significantly increase […]
PBF Energy completes sale of hydrogen plants for $530M
PBF Energy Inc. has completed and received the $530 million consideration for the sale of five steam methane reformer hydrogen production plants to Air Products. PBF Energy has entered into long-term supply agreements with Air Products at the Martinez and Torrance, California, and Delaware City refineries. “PBF Energy is pleased to have worked cooperatively with […]
