8028313879?profile=original

International Plant Shutdown NewsInternational Plant Shutdown News

Exxon Mobil Halts Drilling Operations in Cyprus Energy

Exxon Mobil, the U.S. based multinational oil and gas company, has announced suspension of its two Cypriot gas drills scheduled for July 2020 till September 2021. The decision was taken in consideration to the pandemic stress and acute volatility in the international petrochemicals market due to plummeting prices of oil. The company has blamed the logistical disruptions and rising cases in U.S. for its operational cuts. The company has also cancelled drilling activities in other parts of the world. This happened just few days after the CEO of the company announced to implement about 30% cut in its capital expenditure taking into consideration the impact of the pandemic to the energy market.

Ukraine suspends Plant Operating to Develop New Missile

SystemUkraine has announced temporary shutdown of its Pevlograd Chemical Plants engaged in manufacturing explosives and charging ammunitions. According to State Defence Order, lack of funding from government to finance operations and services has made corporation to shut operations till they are economically secured. With this plant shutdown, the complete missile project has come to a dead end with no ray of hopes to be seen for recovery.

Key Headlines

  • ONGC Gas Output Drops to 15%, Lesser Demand Hits the Market
  • Indian Oil to Fill its Underground Reserves with First Oil Shipload Arriving from UAE
  • Oil Rebounds “But Little” After the Producers Sign Compromise Deal
  • Asia’s Methanol Industry Suffers Supply Glut as Exporters Target China
  • ExxonMobil Postpones Two Cyprus Energy Drills

Get the Chemical and Petrochemical Industry News on Daily Basis, Weekly- Trend & Forecast and Monthly-Analyst Views

Subscribe Today!

News on WhatsApp/WeChat/Mail

First 15 days free news WhatsApp No. +91-9914868686

For sales related query, dial +91-9958299626 or email at sales@chemanalyst.com

About ChemAnalyst

ChemAnalyst is ‘one stop’ online portal that offers comprehensive market intelligence data and in-depth analysis on the Indian chemical and petrochemical industry. Our aim is to provide competitive advantage to the industry stakeholders by offering ‘cutting edge’ information and analysis that help our customers leverage on the emerging opportunities in their businesses.

ChemAnalyst’s team of 100+ analysts are engaged in tracking Chemical Prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst’s Interactive subscription platform provides the most comprehensive data and analysis in your industry to help you decide the future.

ChemAnalyst is promoted by TechSci Research (TSR). TSR is an award winning research based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more.

For more information, please visit us at

www.chemanalyst.com

Source: ChemAnalyst

Votes: 0
E-mail me when people leave their comments –

ChemAnalyst

You need to be a member of Global Risk Community to add comments!

Join Global Risk Community

    About Us

    The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!

lead