The U.S’s gas boom is both a threat and an opportunity, the head of Saudi Basic Industries Corporation (Sabic), one of the world’s top petrochemical companies, told CNBC. Speaking from the World Economic Forum in Jordan, CEO Mohamed Al-Mady said the uptick in shale gas production in the U.S. would provide “more severe competition” for… Keep reading →
Any game-changing technological advance benefits some industries and challenges others. Ratings agency Standard & Poor’s has compiled a list of winners and losers from the US shale boom in a report, Game Changer: Industry Winners And Losers From The U.S. Shale Revolution, released yesterday. Among beneficiaries of the shale boom are the petrochemical industry, which is enjoying lower… Keep reading →
ExxonMobil Chairman and CEO Rex Tillerson
ExxonMobil, one of the world’s largest energy companies by operational size and market capitalization, is reaching into its wallet in a big way. Exxon sees significant global energy demand growth – even with the considerable efficiency gains that many expect – and is solidifying its position as a major global supplier of the both the raw commodities and finished products that will fuel global consumption. Keep reading →
