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Investment News in United States

ExxonMobil Invests $2b in Baytown Chemical Expansion Project
5/2/2019 - ExxonMobil said today that it will proceed with a $2 billion investment to expand its Baytown, Texas chemical plant, which will create approximately 2,000 jobs during construction and contribute to th...
Total Commits to Tellurian-led Driftwood LNG Project
4/3/2019 - Total and Tellurian signed a series of agreements strengthening the partnership between the two companies to develop the Driftwood LNG project located in Louisiana, USA. ...
ExxonMobil & QP to Proceed with Golden Pass LNG Export Project
2/5/2019 - ExxonMobil and partner Qatar Petroleum have made a final investment decision to proceed with development of the Golden Pass LNG export project located in Sabine Pass, Texas. Construction will begin in...
ExxonMobil to Proceed with New Crude Unit as Part of Beaumont Refinery Expansion
1/29/2019 - ExxonMobil has reached a final investment decision and started construction on a new unit at its Beaumont, Texas refinery that will increase crude refining capacity by more than 65 percent, or 250,000...
Total, Borealis & NOVA Chemicals Take FID for New Unit
9/25/2018 - Bayport Polymers, LLC a 50/50 joint venture owned by Total S.A. (“Total”) and Novealis Holdings LLC, itself a joint venture of Borealis AG (“Borealis”) and NOVA Chemicals Inc. (“NOVA Chemicals”) – ann...
Carlyle Seeks to Raise $4b for New Energy Fund
7/17/2018 - Private equity firm Carlyle Group LP (CG.O) is looking to raise a $4 billion fund for investing in oil and gas assets outside North America, the Financial Times reported on Tuesday. ...
GE Focuses Portfolio for Growth & Shareholder Value Creation
6/26/2018 - GE announced the results of its strategic review. GE will focus on Aviation, Power and Renewable Energy, creating a simpler, stronger, leading high-tech Industrial company. In addition to the pending ...
Saudi Arabia's SABIC Looking at Investing in U.S.
12/6/2017 - Petrochemicals company Saudi Basic Industries Corp 2010.SE is considering several possible investments in the United States, while state oil giant Saudi Aramco is looking at gas prospects abroad, Saud...
Chevron Announces $18.3 Billion Capital and Exploratory Budget for 2018
12/6/2017 - Chevron Corporation announced a 2018 capital and exploratory spending program of $18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies. ...
China Energy Investment Signs MOU for $83.7B in West Virginia Projects
11/9/2017 - China Energy Investment Corp, the world’s largest power company by asset value, has signed a memorandum of understanding (MOU) to invest $83.7 billion in shale gas, power and chemical projects in West...
US Stock Movements - October 2017
US Stock Movements - October 2017 10/18/2017 - Preliminary data for September shows that US total commercial oil stocks fell by 16 mb, for the fourth consecutive month to stand at 1,294.4 mb, which is 62 mb, or 4.6%, lower than the same period a y...
DoE Invests $50m to Improve Critical Energy Infrastructure
9/12/2017 - The Department of Energy (DOE) is announcing awards of up to $50 million to DOE’s National Laboratories to support early stage research and development of next-generation tools and technologies to fur...
US Stock Movements - August 2017
US Stock Movements - August 2017 9/6/2017 - Preliminary data for July shows that US total commercial oil stocks fell by 22.4 mb, for the second consecutive months to stand at 1,316.4 mb. At this level, they are 51 mb, or 3.7%, lower than the sa...
Clariant Expands Support for Local Noram Oil Services Customers
9/6/2017 - Clariant, a world leader in specialty chemicals, announces a low single-digit million amount investment to strengthen two of its North American Oil Services sites in order to further support customer ...
Emerson's New ME Training Program Welcomes Saudi Graduates
8/1/2017 - Emerson Automation Solutions has started their Beginners Integration Training (BIT) Program this month, recruiting 15 Saudi nationals who have recently graduated from top universities and institutes i...
OECD Americas Stock Movements - April 2017
OECD Americas Stock Movements - April 2017 5/4/2017 - Total commercial stocks in OECD Americas fell by 10.8 mb in February to stand at 1,611 mb, 31.5 mb above a year ago and 230 mb higher than the seasonal norm. Within the components, crude rose by 23.9 ...
California Resources & Macquarie to Invest up to $300 Million
4/19/2017 - California Resources Corporation and Macquarie Infrastructure and Real Assets (MIRA) have formed a strategic joint venture in which MIRA has committed to fund $160 million for the development of oil a...
US Stock Movements - March 2017
US Stock Movements - March 2017 4/10/2017 - Preliminary data shows that following the build of 11.9 mb seen in January, US total commercial oil stocks rose by 1.8 mb, to stand at 1,349.2 mb in February, 31.0 mb, or 2.4%, above the same period a...
$1.7 Billion Investment to Expand Total’s Petrochemicals Activities in Texas
3/27/2017 - Total is entering a partnership with Borealis and Nova to form a joint venture with the aim of building an ethane steam cracker and a new Borstar® polyethylene unit on the US Gulf Coast. Total is expe...
SMA Solar Technology Renews Investment in U.S
3/17/2017 - In an exciting step forward, SMA Solar Technology announced that it will renew its investment in the U.S. with the addition of two new executives, and plans to add many new employees with a major hiri...

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