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Here is a look back at some of Rigzone s most viewed downstream-related articles from the past week.
Based on recent pageview figures, Rigzone’s downstream readers showed considerable interest in news about the sale of some BP assets and the cashflow challenges of another supermajor. Keep reading for this summary of three of the top downstream-related articles from the past week.
Already a major player on the global petrochemicals scene, Ineos reported that it has expanded its footprint by acquiring BP’s worldwide aromatics and acetyls businesses. The $5 billion deal adds 15 sites in the Americas, Europe and Asia and 10 joint ventures to Ineos’ holdings. Ineos stated the former BP units, now known as Ineos Acetyls and Ineos Aromatics, will extend its portfolio and geographic reach.
Here are some of Rigzone s top upstream stories during the last week, just in case you missed them.
Here are some of Rigzone s top upstream stories during the last week, just in case you missed them…
What Looms for Oil and Gas in 2021?
Five informed market watchers talk to Rigzone about what they think the biggest oil and gas industry developments will be in 2021.
Read full article
Executives Predict 2021-End Oil Price
Executives from more than 140 oil and gas companies have predicted where the West Texas Intermediate (WTI) oil price will be at the end of this year in the latest Dallas Fed Energy Survey. Just under 35 percent of participants said they expected WTI to be between $50 per barrel and $54.99 per barrel at the end of 2021.
The Railroad Commission of Texas (RRC) reported Thursday that it is on track to exceed its goal for oil and gas well inspections this year.
The Railroad Commission of Texas (RRC) reported Thursday that it is on track to exceed its goal for oil and gas well inspections this year.
In 2018 the regulator began pursuing the goal of inspecting each of Texas’ nearly 440,000 oil and gas wells at least once every five years, RRC noted in a written statement. The commission explained that the Texas Legislature in part measures RRC’s performance based on the percentage of wells left uninspected in a five-year cycle. The uninspected well goal for the 2020-21 biennium is five percent or less in each fiscal year, the agency added.