Author: Emily Burleson

“The pace of investment is not really the limiting step,” said Dave Andrew, the vice president of new market development at ExxonMobil Chemical Co. “It’s access to the plastic feed, and it’s one of the reasons why we’ve been really working hard to get …

“I think it’s actually understated as far as importance.”

In addition to layoffs and other consolidations, Exxon sold $3 billion of non-core assets in 2021 alone, CEO Darren Woods said.

“We see running room within the Gulf of Mexico,” Woodside CEO Meg O’Neill said.

Woodside CEO Meg O’Neill said the company is “still working through the details” of who will lead the Houston office.

The expansion will require a roughly $50 million investment from the JV, entirely funded through the partners’ internal capital, Avangard CEO Rick Perez said.

The $45 million acquisition is expected to close before the end of March, wrapping up the third acquisition Select Energy announced within the last six months of 2021.

The investor’s legal team says the lawsuit could invite scrutiny into Charif Souki from federal regulators.

The plant’s ethane steam cracker, with a capacity to produce 1.8 million metric tons per year of ethylene, is designed to be largest in the world.

The acquisition marks the end of a nine-year — sometimes rocky — run for the midstream company, which filed for Chapter 11 bankruptcy protection in 2017.