Downstream News


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KBR, ConocoPhillips to Develop Off-the-Shelf LNG Tech
Tuesday, September 18, 2018 KBR and ConocoPhillips will jointly develop a standardized, mid-scale LNG train for both greenfield and brownfield projects.

US Gas Exports Hit by China Tariffs as Trade War Escalate
Tuesday, September 18, 2018 China plans to slap tariffs on US natural gas exports as trade tensions escalate, a likely setback for the burgeoning energy relationship.

Enbridge to Buy Units for $7.1 Billion to Simplify Structure
Tuesday, September 18, 2018 Enbridge agreed to acquire the shares it doesn't already own in three North American units for about $7.1 billion.

Vitol Boosts Cheniere's Growth Plans with 15-year Deal
Monday, September 17, 2018 The deal 'continues Cheniere's commercial momentum and supports our growth plans,' stated the company's CEO.

Solar With Batteries Cheaper Than Gas in Parts of US Southwest
Monday, September 17, 2018 Natural gas-fired power plants will be facing more price competition from solar farms in some parts of the US.

CVR Seeks Bids for Oklahoma Tank Farm
Monday, September 17, 2018 CVR Refining, LP plans to sell its crude oil tank farm assets in the oil pricing hub of Cushing, Okla.

China's Squeezed 'Teapots' Eye Petchem Path To Riches
Friday, September 14, 2018 Several independent Chinese refineries are drawing up plans to build petrochemical complexes in east China's Shandong province.

Deadly Gas Explosions Near Boston Put Focus on Pipe Safety
Friday, September 14, 2018 Federal investigators were dispatched to three towns outside Boston after dozens of explosions and fires along the natural gas network left at least one person dead and 13 injured.

China's Sinopec Plans To Build Canadian Oil Refinery
Friday, September 14, 2018 Sinopec has joined a group planning to build an oil refinery in Alberta.

BP Oil-Buying Spree Jolts Sleepy West African Crude Market
Friday, September 14, 2018 Two of the world's biggest oil companies are stepping up buying and selling of West African crude at the same time.

Prices For November Soften After Earlier Strong Weeks
Friday, September 14, 2018 Asian spot LNG softened for November delivery after several weeks of strong demand and tightening supplies led buyers to wait for a correction in prices.

US Warns Russia It May Sanction New Gas Pipeline to Germany
Thursday, September 13, 2018 US warns Russia that it may follow through on sanction threats over the construction of a major natural gas pipeline to Germany.

Iran Endures Longest Gap in China Oil Buying in at Least 3 Years
Thursday, September 13, 2018 Iran just endured the longest gap without sending oil to its biggest customer in at least three years.

Petronas-Saudi RAPID Refinery To Receive First Oil Cargo By End-Sept
Thursday, September 13, 2018 A supertanker carrying the first crude oil cargo for a refinery joint-venture project between Petronas and Saudi Aramco is expected to reach by September-end.

Documents: Venezuela Resumes Domestic Crude Exports To Cuba
Thursday, September 13, 2018 Venezuela resumed supplying a key domestic crude to political ally Cuba this summer as the South American country's refining output fell further, according to internal documents.

China's CCCC Wins $398MM Contract To Build Mombasa Oil Terminal
Thursday, September 13, 2018 China Communications Construction Co has won a $398 million contract to build a new oil terminal.

Study Suggests Pipeline Delay Worries Among Permian Producers
Wednesday, September 12, 2018 Oil producers in the Permian appear to be worried that key pipeline projects to boost takeaway capacity from the region might not hit their 2019 targeted start-up dates.

Abu Dhabi Set to Cash in Cepsa Investment With $11.6 Billion IPO
Wednesday, September 12, 2018 Abu Dhabi is set to cash in significant gains as its Mubadala Investment Co. pushes ahead with an initial public offering for Cepsa.

Documents: Venezuela's PDVSA To Reopen Damaged Port Dock By Month's End
Wednesday, September 12, 2018 PDVSA expects to reopen the south dock of Venezuela's main oil port Jose by the end of September.

CFO: CN Railway Moved 50% More Crude In 3Q To Date
Wednesday, September 12, 2018 Canadian National Railway Co has moved 50% more crude oil by rail during the third quarter to date.

EIA: US Crude Stockpiles Fall More Than Expected To Below 400 Million Bbls
Wednesday, September 12, 2018 US crude oil inventories fell more than expected last week while gasoline and distillate inventories rose as refiners ramped up production.

Shippers Fear Engine Failures as Industry is Forced to Upgrade its Fuel
Tuesday, September 11, 2018 Add oil tankers breaking down at sea to the list of things shipping companies are worrying about as they brace for a once-in-a-generation overhaul to the kind of fuel the industry must consume.

Exxon Eyes Upgrading UK Refinery For More Than $650MM
Tuesday, September 11, 2018 ExxonMobil is planning to spend more than $650 million to upgrade the UK's largest oil refinery.

Ghana Resurrects LNG Import Terminal With Chinese Deals
Tuesday, September 11, 2018 Ghana has chosen two Chinese companies to build the infrastructure it needs to import liquefied natural gas.

Hurricane Florence May Make Gas More Expensive, Shut Terminals
Tuesday, September 11, 2018 Hurricane Florence may make gasoline more expensive along the East Coast.

Iran Resorts to Floating Storage as Curbs Continue
Tuesday, September 11, 2018 Iran is starting to store oil on its fleet of supertankers again as impending US sanctions force the Persian Gulf country to revive a strategy it deployed under previous curbs.

Norway's Largest Oil Pipeline Now in Place
Monday, September 10, 2018 The last pipe of what is now Norway's longest and largest oil pipeline has been installed next to the riser platform at the Johan Sverdrup field in the North Sea.

ADNOC Seeks to Make Downstream City More Livable
Monday, September 10, 2018 ADNOC has big plans for Ruwais City.

PetroChina and Qatargas Sign 22-Year LNG Supply Deal
Monday, September 10, 2018 PetroChina Co. signs a deal with Qatargas Operating Co. to purchase 3.4 million tons of liquefied natural gas annually.

Pakistan Pits World's Biggest Sellers and Saves $600 Million
Monday, September 10, 2018 Pakistan says it saved more than $600 million over the first 10 years of a natural gas supply deal by pitting some of the world's biggest sellers against each other.

Energy Transfer Says Natgas Pipeline Fire In Pennsylvania Put Out
Monday, September 10, 2018 Energy Transfer Partners says a fire on its 24-inch natural gas gathering line was extinguished in Beaver County.

Nigerian Gas Tanker Explosion Kills At Least 35
Monday, September 10, 2018 At least 35 people were killed and hundreds injured when a gas tanker exploded in northern Nigerian state of Nasarawa.

Canadian Crude Prices Plunge Once Again
Friday, September 07, 2018 Canadian crude prices are plunging once again as repairs were completed on Alberta's second-biggest oil sands upgrader and production surged from a new mine.

Repsol Signs 20-Year LNG Supply Deal with Calcasieu Pass Developer
Friday, September 07, 2018 Commercial operations at Calcasieu Pass LNG could start in 2022.

Qatar Petroleum Looking At Downstream Investments In Germany
Friday, September 07, 2018 Qatar Petroleum is looking at a range of possible investments in Germany, including downstream projects and cooperation deals with smaller companies.

Supported By Demand, Prices Exceed Past Winter Peak
Friday, September 07, 2018 Asian spot LNG prices edged higher this week as Asian demand ahead of the winter persisted.

China Watchdog Says PetroChina Pipeline Runs Through Nature Reserve
Friday, September 07, 2018 China's environmental watchdog said a section of PetroChina's fuel pipeline passing through Hebei has encroached on a nature reserve in the northern part of the province.

US To Help Nations Replace Iran Oil, May Consider Waivers
Thursday, September 06, 2018 Washington will consider waivers for Iranian oil buyers but they must eventually halt imports as sanctions are imposed on Tehran, Pompeo says.

ExxonMobil May Build World-Scale Cracker in Pearl River Delta
Thursday, September 06, 2018 ExxonMobil's decision to proceed hinges on the receipt of permits, project competitiveness and other factors.

Several Tankers Stalled Outside Sabine Pass Following Pipe Incident
Thursday, September 06, 2018 Several vessels were stalled and unable to enter the Sabine Pass shipping channel near the Texas-Louisiana border.

EIA: US Crude Oil Stockpiles Decline More Than Expected Last Week
Thursday, September 06, 2018 US crude stockpiles fell more than expected last week, while gasoline and distillate inventories rose, EIA says.

Qatar Energy Minister: Qatar Could Invest In German LNG Terminal
Thursday, September 06, 2018 Qatar's energy minister threw his support behind the possible cooperation of Qatar Petroleum on a potential German LNG terminal.

Delta Air Lines Seeks Buyers For A Stake In Its Refining Subsidiary
Thursday, September 06, 2018 Delta Air Lines has hired two investment banks to offer a stake in its Monroe Energy refining subsidiary.

Enterprise Breaks Ground on Another NGL Expansion
Wednesday, September 05, 2018 Enterprise Products Partners LP begins construction of a new NGL fractionator adjacent to its complex in Mont Belvieu, Texas.

Saudi Aramco In Early Talks On Jumbo Debt Deal
Wednesday, September 05, 2018 Saudi Aramco is having preliminary talks with banks about a potential debt financing of up to $70B.

Sources: China's Hengyi Pushes Back Brunei Refinery Start-Up To 2Q 2019
Wednesday, September 05, 2018 The start-up a refinery-petrochemical project in Brunei by China's Hengyi Industries International Pte Ltd will likely be delayed by a few months, sources say.

BP Concerned Over Planned Merger Of Poland's Two Biggest Refineries
Wednesday, September 05, 2018 The planned merger of Poland's two largest refiners PKN Orlen and Grupa Lotos could restrict competition.

Trudeau: Canada Might Appeal Ruling That Quashed Pipeline Approval
Wednesday, September 05, 2018 The Canadian government might appeal a court ruling that overturned federal approval of the Trans Mountain oil pipeline expansion, Prime Minister Justin Trudeau says.

Magellan Projects Permian Gulf Coast Pipeline Cost At $2B
Wednesday, September 05, 2018 Magellan Midstream Partners LP projects it would spend about $2B to construct a proposed crude oil pipeline in the Permian.

Sources: Aramco Plans To Ship First Crude Oil To Malaysia JV Refinery
Tuesday, September 04, 2018 Saudi Aramco plans to deliver the first crude oil cargo to its joint-refinery project with Petronas in Malaysia in October.