News Room

News Room

Cabrera and Ozmen Join The Catalyst Group Board of Directors

SPRING HOUSE, PA – The Catalyst Group (TCG) and The Catalyst Group Resources (TCGR)are pleased to announce two new additions to their Board of Directors (BOD). The BOD was created in early 2019 to deepen and expand the company’s international exposure to existing and new customers

A First for Oil & Gas: Clariant Opens Cutting-Edge High Throughput Experimentation Lab in Houston, US

Clariant has opened its next High Throughput Experimentation (HTE) laboratory in Houston, Texas. The location is key as the new facility will be the first of its kind supporting the oil & gas industry, offering new and sophisticated solutions for customers. This lab is part of a global Cl

Exxon Eyes Oil M&A as Clean Energy Shift Seen Taking Decades

Exxon Mobil CEO Darren Woods is eyeing oil and natural gas deals despite calls to reduce emissions, saying any shift in the world’s energy supply will take decades. “Energy transitions take a long time,” Woods said Wednesday at the Barclays CEO Energy-Power Conference in New

China’s Zhejiang Satellite Wins Approval for $4B Petchem Plant to Use U.S. Ethane

A large Chinese chemical producer has won regulatory approval to start building a $4.2 billion petrochemical complex in east China to process ethane from the United States, a company official said. Zhejiang Satellite Petrochemical Co Ltd’s plant will be the second China-based petrochemi

India’s Top Refiner Plans $28B Investment by 2023

Indian Oil Corp (IOC), the country’s top refiner, plans to invest $27.98 billion in five-seven years to meet energy needs of diverse user groups, Chairman Sanjiv Singh told a shareholders meeting on Wednesday. IOC, through its 11 refineries, controls about a third of India’s 5 mil

Petrochemical Companies Form ‘Cracker of the Future’ Consortium

Six petrochemical companies based in Belgium, Germany, and the Netherlands have announced a consortium to investigate how naphtha or gas steam crackers could be operated using renewable electricity instead of fossil fuels. The ‘Cracker of the Future’ consortium—which include

The U.S. Leads Global Petroleum and Natural Gas Production with Record Growth in 2018

  U.S. petroleum and natural gas production increased by 16% and by 12%, respectively, in 2018, and these totals combined established a new production record. The United States surpassed Russia in 2011 to become the world’s largest producer of natural gas and surpassed Saudi Arabia

Saudi Aramco and Reliance Industries Sign a Non-Binding Letter of Intent to Acquire a 20% Stake in the Oil to Chemicals (O2C) Division of Reliance Industries Limited Valued at an Enterprise Value of US$ 75 Billion

Saudi Aramco and Reliance Industries Limited (RIL) have agreed to a non-binding Letter of Intent (“LOI”) regarding a proposed investment in the Oil to Chemicals (O2C) division comprising the Refining, Petrochemicals and fuels marketing businesses of RIL. Saudi Aramco’s poten

Reliance and BP to Create Major World-Class Fuels Partnership for India’s Fast-Growing Market

BP and Reliance Industries Limited (RIL) announced that they have agreed to form a new joint venture that will include a retail service station network and aviation fuels business across India. Building on Reliance’s existing Indian fuel retailing network and an aviation fuel business,

Indonesia, UAE Firms Sign Agreements Worth $9.7 B

Companies in Indonesia and the United Arab Emirates have signed agreements worth a total of $9.7 billion. Abu Dhabi National Oil Company (ADNOC) signed an agreement with Indonesia’s state-owned energy company PT Pertamina for oil and gas collaboration in both countries and globally, whi