Borealis AG, the petrochemical and plastics company owned by Abu Dhabi and OMV AG of Austria, may consider bringing in cheap ethane from the U.S. if it’s a cost- effective way of supplying petrochemical plants.
Royal Dutch Shell Plc may export U.S. natural gas in liquid form, convert it into chemicals or build a gas-to-liquids plant to produce fuel, said the company’s country chairman for Dubai and the northern emirates.
Warren Buffett’s Berkshire Hathaway Inc. took a stake in Chicago Bridge & Iron Co. in a bet that the construction company will benefit from infrastructure spending as customers liquefy natural gas and use it as a feedstock.
Restrictions on Exxon Mobil Corp.’s Pegasus crude oil pipeline, shut since March 29 after a spill, remain in place after the company requested changes in a hearing held on May 2, according to a filing from federal regulators.
Exxon Mobil Corp., the world’s most valuable oil producer, teamed up with billionaire Eike Batista to search in Brazilian waters as the country raised a record amount in its first oil bidding round in five years.