Downstream News


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Indian Oil Corp Studies Renewed Venezuelan Crude Purchases
Wednesday, November 22, 2017 Indian Oil Corp is considering buying Venezuelan crude for the first time in at least 6 years, in a move that could help the crisis-struck South American nation settle unpaid bills.

Petronas LNG Inks Services Agreements in Malaysia
Wednesday, November 22, 2017 Petronas LNG Ltd signs 2 services deals in Malaysia.

Q&A: Big Data Could Bring Upside to Renewables Investors
Wednesday, November 22, 2017 Technology and big data will change how electric grids are organized and water is transported, says Lara Banks.

Qatari Energy Minister Sees Oversupply Of LNG In Coming Years
Wednesday, November 22, 2017 Qatar's energy minister says he expects oversupply of liquefied natural gas in the coming years.

US Crude Inventories Fall; Big Draw At Cushing Hub
Wednesday, November 22, 2017 US crude oil stockpiles fell last week, with most of the decline coming out of the Cushing, Oklahoma storage hub.

Italy Prosecutors Probe Eni For Tax Evasion At Refineries
Wednesday, November 22, 2017 Italian authorities are investigating oil major Eni for alleged tax evasion.

Keystone Clean-Up To Last Several Weeks, Line Restart Unclear
Wednesday, November 22, 2017 The clean-up of an oil spill from TransCanada Corp's Keystone pipeline may last several weeks.

South Africa Eyes BRICS Partners To Build New $10 Billion Refinery
Tuesday, November 21, 2017 South Africa wants the national oil companies of its BRICS partners to help build a new 400,000 barrel per day refinery.

A Newcomer's Guide to Oil and Gas: Fuel Pump Facts
Tuesday, November 21, 2017 When is 'Brand XYZ' fuel not 'Brand XYZ' fuel?

A 30-Year-Old Analyst Is Taking on Pipeline Billionaire Warren
Tuesday, November 21, 2017 Kevin Kaiser was on an airplane this summer, staring into his laptop, when he came up with the idea for taking on billionaire pipeline magnate Kelcy Warren.

Natgas Exporting Countries Convene As Global Buyers' Market Rises
Tuesday, November 21, 2017 Top officials of major gas producing countries are meeting this week in Bolivia.

Poland's PGNiG Signs First Mid-Term Deal For LNG Supplies From US
Tuesday, November 21, 2017 PGNiG signs its first mid-term deal for LNG deliveries from the United States.

Shell, Bio-Bean Power London Buses with Coffee Ground Biofuel
Monday, November 20, 2017 Royal Dutch Shell plc and Bio-Bean team up to help power London buses with a biofuel made partly from waste coffee grounds.

Keystone XL Clears Major Obstacle in Nebraska
Monday, November 20, 2017 Nebraska panel clears path for Keystone XL.

Ancala Acquires Apache's Two North Sea Gas Pipeline Assets
Monday, November 20, 2017 Ancala Partners finalizes its acquisition of Apache's interests in two North Sea gas pipeline assets.

Media: Three Dead After Suspected Gas Leak At PetroChina Refinery
Monday, November 20, 2017 Three workers are killed and six others injured during a suspected gas leak.

Russia's Rosneft Signs Oil Supply Deal With Greece's Motor Oil
Monday, November 20, 2017 Rosneft and Greece's Motor Oil Hellas Corinth Refineries have signed a deal on mutual supplies of crude oil and oil products.

Sources: Two Alberta Oil Sands Upgraders Warn Customers Of Volume Cuts
Monday, November 20, 2017 Two oil sands upgraders in Alberta have warned customers about cuts to synthetic crude output.

ADNOC Pushes Ahead With IPO After Emaar Sale
Monday, November 20, 2017 Abu Dhabi National Oil Co. plans to sell as much as 20% of its fuel-distribution unit.

Indian State Oil Firms Betting On Natural Gas As Next Big Thing
Friday, November 17, 2017 India's state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi's goal of making the fuel a bigger part of the country's energy mix.

South Dakota Pipeline Spill Hits TransCanada Shares, Canada Crude Price
Friday, November 17, 2017 Canadian heavy crude prices and TransCanada shares slid as officials in Nebraska mulled whether to approve another pipeline proposed by the company.

Middle East, US Crude Oil Curbs Indian Appetite For African Supplies
Friday, November 17, 2017 India's imports of African crude oil in October plunged to their lowest in over 4 years, turning to the United States and Middle East.

Kemp: Distillate Fuel Oil Market Set To Tighten In 2018
Friday, November 17, 2017 US refineries are struggling to meet booming demand for distillate fuel oil at home and in export markets.

Romania Closes One Case Against Russia's Lukoil, Related Trial Still On
Friday, November 17, 2017 Romanian prosecutors have decided to close a criminal case against Russia's Petrotel Lukoil refinery.

Djibouti Signs Preliminary Deal With China's POLY-GCL For $4B Gas Project
Thursday, November 16, 2017 China's POLY-GCL Petroleum Group Holdings Ltd signs an MoU to invest $4B in a natural gas project in Djibouti.

China's Oil Refiners Rush To Cash In On Bumper Profits
Thursday, November 16, 2017 Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly two years after a rally in diesel and gasoline prices.

TransCanada's Keystone Pipeline Shut After 5,000-Barrel Leak In US
Thursday, November 16, 2017 TransCanada has shut part of its Keystone pipeline after 5,000 barrels of oil leaked in Amherst, South Dakota, the company says.

Turkish, Iraqi Officials Discuss Resuming Kirkuk Oil Exports
Thursday, November 16, 2017 A Turkish energy delegation has met with Iraqi top oil officials in Baghdad to discuss issues including the resumption of Kirkuk oil exports.

Santos Seen Luring More Bids After Rejecting $7.2 Billion Offer
Thursday, November 16, 2017 A bid for Santos may trigger counter offers for the Australian oil and gas producer that has stakes in some of the world's cheapest LNG.

Hoegh LNG: Pakistan LNG Import Project Consortium Folds
Thursday, November 16, 2017 A consortium behind a LNG import project in Pakistan has been dissolved.

Sources: China's Zhenhua Oil Wins First Diesel Tender With Iraq's SOMO
Thursday, November 16, 2017 Zhenhua Oil will supply diesel to Iraqi state-oil marketer SOMO through a term contract for the first time.

Pipeline Partnerships Face Identity Crisis That's Killing Shares
Wednesday, November 15, 2017 MLPs are seeking to appeal to a broader audience to thrive.

Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO
Wednesday, November 15, 2017 Petrobras CEO Pedro Parente said he will meet this month with the CEO of China National Petroleum Corp.

Trade: Pakistan LNG Passes On Trafigura, Gunvor Cargo Deliveries
Wednesday, November 15, 2017 Pakistan LNG Ltd has decided against awarding in a tender three LNG cargoes.

Eni's Giant Gas Field Prompts Egypt to End Imports in 2018
Wednesday, November 15, 2017 Egypt will stop importing LNG in 2018 and may eventually export gas.

Keystone XL Opponents Make Last-Gasp Effort In Nebraska
Wednesday, November 15, 2017 Opponents of TransCanada's Keystone XL pipeline have launched a last-minute public relations blitz before Nebraska regulators weigh in on its route next week.

Venezuela's PDVSA To Tap Oil Customers To Pay $449MM To ONGC
Wednesday, November 15, 2017 PDVSA will use existing crude oil customers or new Indian state buyers as intermediaries to settle $449 million owed to India's ONGC Videsh.

Oil Seen As Real Prize of Iran's Kurdish Adventure
Tuesday, November 14, 2017 After helping Iraq stifle a Kurdish push for independence, Iran is now positioning itself to take control of oil exports from the region's giant Kirkuk field.

Women Breach World of Big Oil Where 80% of Workforce Is Men
Tuesday, November 14, 2017 Ryu Bokyoung is confident she can do anything a man does in the sprawling Ulsan refinery in South Korea. The challenges that come with being a woman in the traditionally male-dominated oil industry have never stopped her.

Canadian Pacific Watching Signs of Life in Crude by Rail Shipments
Tuesday, November 14, 2017 Canadian Pacific Railway Ltd is watching shipments of crude by rail which are now "coming alive a little bit," the company's chief marketing officer told a Toronto transportation conference.

Kinder Morgan Appeals to Canada Regulator Over Trans Mountain Pipeline
Tuesday, November 14, 2017 Kinder Morgan Canada Ltd has appealed again to the country's energy regulator, asking it to set up a process to resolve potential disagreements with provincial or municipal governments over its planned Trans Mountain oil pipeline expansion project.

Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt - Oil Mnstr
Tuesday, November 14, 2017 Egyptian Oil Minister Tarek El Molla said initial negotiations have taken place with Saudi Arabian state oil company Aramco to refine oil in Egypt.

Birth of Another LNG Giant Shows Majors' Edge Over Traders
Monday, November 13, 2017 Total's billion-dollar deal to buy LNG assets from Engie SA shows how much size matters in the industry.

Sources: Oman's Duqm Refinery To Seek $6B Bank Funding Soon
Monday, November 13, 2017 Oman's Duqm Refinery and Petrochemical Industries Co will approach banks in about two weeks.

As Saudi Arabia Limits US Crude Shipments, Iraq Steps In
Monday, November 13, 2017 Saudi Arabia's efforts to reduce a worldwide crude supply glut by cutting shipments to the United States means others are now filling in.

RIA: Moscow, Riyadh Agree To Explore Aramco Taking Part In Novatek Project
Monday, November 13, 2017 Russia and Saudi Arabia have agreed to study the possibility of Saudi Aramco taking part in Novatek's Arctic LNG 2 project.

Japan's JERA Imports First LNG Cargo Shipped From Chevron's Wheatstone Site
Monday, November 13, 2017 Japan's JERA Imports First LNG Cargo Shipped From Chevron's Wheatstone Site

China's CEFC, Rosneft To Study South China Petrochemical Complex
Friday, November 10, 2017 Private conglomerate CEFC China Energy and Rosneft agree to study the possibility of building a petrochemical complex in South China.

S. Korean Refiners Aim To Benefit From 2020 Shipping Mandate
Friday, November 10, 2017 South Korean refiners are planning to spend over $5 billion on plant upgrades in response to tighter rules on shipping fuel.

Bullish Oil And Tight Supply Lift Asian Spot LNG Market
Friday, November 10, 2017 Asian spot LNG prices rose this week on already tight supply and production outages in Australia and was further buoyed by climbing crude oil prices.