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| | | ADNOC and OMV Group have entered formal negotiations to potentially form a new jointly owned petrochemicals company via the proposed merger of the operators’ existing individual interests in their Borealis AG and Borouge PLC ventures. |
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| Orlen SA subsidiary Orlen Lietuva AB is on pace with construction of a major plant included as part of ongoing modernization at its 10-million tonne/year refinery in Mažeikiai, Lithuania. |
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| | | Indian Oil Corp. Ltd. (IOC) let a contract to McDermott International to provide a suite of services for further expansions of olefins and polymers production at the operator’s Panipat refining and chemical complex in Haryana, India. |
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| Taiyo Oil Co. Ltd. is considering producing renewable fuels at subsidiary Nansei Sekiyu KK’s oil and petroleum products storage and marine terminal on Japan’s southwestern island of Okinawa. |
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| | | Corpus Christi Polymers LLC has resumed construction of its integrated purified terephthalic acid-polyethylene terephthalate (PTA-PET) plant in Corpus Christi, Tex. |
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| ADNOC Gas let a contract to a consortium of National Petroleum Construction Co. PJSC and Técnicas Reunidas for a project to expand gas processing infrastructure at the operator’s existing installations in southwestern UAE’s Abu Dhabi Emirate. |
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| Phillips 66 is on track to produce renewable diesel in early 2024 from its ongoing Rodeo Renewed project to convert the 120,000-b/d portion of its San Francisco conventional refining complex in Rodeo, Calif., into a renewable fuels refinery. |
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| Matador Resources is considering options to expand its cryogenic natural gas processing capacity in northern Lea County, NM, as part of the operator’s strategy to accommodate anticipated growth in regional gas production. |
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| Tamarack Valley Energy Ltd., Calgary, completed construction and commissioning of its owned and operated 15 MMcfd Wembley gas plant, which will process associated natural gas from the operator’s Charlie Lake play in Alberta. |
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| MPLX had second-quarter 2023 net income of $933 million, compared with $875 million for second-quarter 2022. Adjusted earnings rose in both its logistics and storage and gathering and gathering and processing segments. |
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