Downstream News


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LNG Producers Take Time To Relax Destination Clauses Despite Japan Ruling
Wednesday, October 18, 2017 Global liquefied natural gas suppliers are taking time to revise destination clauses in supply contracts for Japanese buyers.

Small-Scale FLNG Consortium Eyes Australia Pilot Site
Tuesday, October 17, 2017 Norway's Add Energy, Australia's Transborders Energy and other partners will pick a site early next year for a low-cost FLNG development.

China's Hengyi Opens Singapore Trade Office For Brunei Oil-Petchem Project
Monday, October 16, 2017 Hengyi Group has started a trading office in Singapore to buy crude and trade oil products from its $3.4B Brunei project, company officials say.

Asia Oil Buyers Turn To US In Hunt For Cheap Supply
Monday, October 16, 2017 Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year.

Bullish Streak Ends As Buyers Drop Bids On More Supply
Friday, October 13, 2017 Asian spot prices for liquefied natural gas (LNG) fell after six straight weeks of gains.

Oil Traders Hoard Less on Ships Near Singapore as Market Flips
Monday, October 09, 2017 One of the biggest stores of oil at sea is showing signs of emptying out.

Chevron Starts LNG Output at Australia's Wheatstone
Monday, October 09, 2017 The LNG market will be focused on how smoothly Wheatstone progresses following the troubled start-up at Chevron's bigger Gorgon LNG project.

Australia Closing In On Qatar as World's Top LNG Exporter
Thursday, October 05, 2017 Australia expects to increase exports of liquefied natural gas (LNG) by 16 percent from mid-2018 as $180 billion in new projects hit their stride, nearly catching up with Qatar, the world's top supplier.

Noble Group Expects To Sell Oil Liquids Business By End-December
Monday, October 02, 2017 Noble Group Ltd (NGL) expects to sell its oil liquids business by the end of December.

Statoil Charters Last of Largest Oil Tankers to Hold Crude for Asia Buyers
Thursday, September 28, 2017 The time charter of the ship comes despite the market structure for Brent crude futures flipping into backwardation, when spot prices are higher than for later delivery.

From Houston With Love: Asia's Bitten by US Oil Export Bug
Wednesday, September 27, 2017 As plunging regional output starves Asian oil buyers of high-quality crude, they are developing a taste for something new.

Australia's East Coast LNG Producers Avert Export Curbs
Wednesday, September 27, 2017 Australia's three east coast LNG plants have staved off threatened export curbs.

NZ Jet Fuel Rations Increased As Govt Calls In Navy To Beat Shortage
Thursday, September 21, 2017 New Zealand will partially ease fuel rationing, a spokesman for the country's oil industry says.

Robust Asia Demand Drives ME, Russia Crude Premiums To Multi-Month Highs
Wednesday, September 20, 2017 Spot premiums for Middle East and Russian crude loading in November and December have hit multi-month highs.

New Zealand Military Called In After Pipeline Leak Hits Air Travel
Monday, September 18, 2017 New Zealand called in its defense force to help move fuel around the country after a burst oil pipeline triggered a jet fuel shortage.

Papua New Guinea Starts Paying Landowners LNG Royalties
Wednesday, September 13, 2017 The Papua New Guinea government has started paying local landowners long awaited benefits from the $19 billion PNG LNG project.

Ichthys LNG Subsea Contract Goes to Wood Group
Wednesday, September 06, 2017 INPEX Operations Australia has awarded Wood Group a 5-year contract to provide subsea engineering services for the integrity of the Ichthys LNG Project.

China's Oil Lifeline to North Korea Becomes Sanctions Target
Tuesday, September 05, 2017 China, which supplies most of North Korea's food and fuel, calls Trump's warning 'unacceptable.'

Asian Refiners Ramp Up Output to Fill Supply Gaps Left by Harvey
Friday, September 01, 2017 "It's a great opportunity to sell fuel that has sat in storage during the last few years of oversupply," said a Singapore trader.

Trading Firm Noble Seen Picking Oil Unit Buyer In September
Wednesday, August 30, 2017 Trader Noble Group is expected to pick a buyer for its oil and LNG units by mid-September.

Australia's Santos Steps Up Effort To Avert LNG Export Curb
Wednesday, August 30, 2017 Santos is racing to boost gas supply to Australia's eastern market to fend off government limits on exports of LNG in 2018.

Thyssenkrupp Wins Order to Build Fertilizer Plant in Brunei
Tuesday, August 29, 2017 The order will provide a much-needed boost to Thyssenkrupp's struggling industrial solutions division.

US Traders Seek Oil Product Cargoes from N.Asia After Harvey -Sources
Monday, August 28, 2017 Singapore complex refining margins are already at their highest August level in five years.

ExxonMobil Says Completes Singapore Refining-petchem Plant Acquisition
Monday, August 28, 2017 The acquisition will boost the U.S. company's aromatics production in Singapore to more than 3.5 million tonnes per year.

Russell: Revolution Or Evolution? Iraq Shakes Up Asian Oil Trading
Thursday, August 24, 2017 There is little doubt that Iraq's mooted shift to using Dubai crude futures from long-standing price assessor Platts will shake up the trading of Middle East oil.

Bernama: Petronas Considering Pipeline Investments To Monetize Gas Assets
Wednesday, August 23, 2017 Petronas is considering investing in a pipeline to market its Canadian gas assets after scrapping plans for a LNG project in Canada.

Oil Search Profit Soars, Focus On Advancing PNG Gas Projects
Tuesday, August 22, 2017 Oil Search expects its partners to agree by year-end on how to coordinate development of their Papua New Guinea gas projects.

Ten Sailors Missing After US Warship, Tanker Collide Near Singapore
Monday, August 21, 2017 Ten US sailors were missing after a US warship collided with an oil tanker east of Singapore before dawn on Monday.

Vietnam Crude Oil Imports To Hit Record As Refinery Gets Ready To Start
Friday, August 18, 2017 Vietnam's crude oil imports will soar to record highs in August as the country ramps up fuel refining at a time when local crude output is dwindling.

Russell: From Leader To Loser: Australia Risks Missing Next LNG Wave
Thursday, August 17, 2017 Should the arrival of the last major piece of kit in Australia's $180 billion LNG spree be a cause for celebration or for a wake?

Woodside Sees Qatar Targeting New LNG Buyers With Supply Surge
Wednesday, August 16, 2017 Woodside expects rival Qatar to target the emerging markets of India and Pakistan with a new wave of supply next decade and not cannibalize traditional Asian buyers.

Thai Oil Buys 1 Million Barrels North Sea Crude To Replace Mideast Oil
Wednesday, August 16, 2017 Thai Oil PCL has bought 1 million barrels of North Sea Forties crude to be delivered in November

Traders Expect Asia To Import More Venezuelan Crude If US Sanctions Kick In
Tuesday, August 15, 2017 Asia would be the biggest beneficiary of any potential sanctions by the United States on Venezuela's oil sector, said traders and analysts.

Australia's $180B LNG Megaproject Boom Enters Final Stretch
Monday, August 14, 2017 The last massive component of Australia's $180 billion LNG construction boom arrived, stepping up a race between Shell and Inpex to start chilling gas for export in 2018.

Global LNG: Faltering Supply Prompts Short-Covering Price Rally
Friday, August 11, 2017 Asian spot LNG prices gained ground this week with traders and portfolio players engaged in short-covering.

Top Oil Buyers Go on Light Crude Diet to Meet Diesel Craving
Wednesday, August 09, 2017 'Diesel demand has been strong in emerging economies,' says Peter Lee, an analyst at BMI Research.

S. Korea's SK Energy Buys First US Crude Oil In Move Away From Middle East
Tuesday, August 08, 2017 SK Energy is buying its first-ever continental US crude oil shipment as producer club OPEC's output cuts raise MidEast prices.

Top Oil Buyers Go on Light Crude Diet to Satisfy Diesel Craving
Tuesday, August 08, 2017 'Diesel demand has been strong in emerging economies,' said Peter Lee, an analyst at BMI Research.

Japan, Russia Need To Enhance Trust Before Gas Pipeline Plans
Monday, August 07, 2017 Japan and Russia need to work on building a more trusting relationship before any plans to build a natural gas pipeline can be fulfilled.

Hong Kong's NewOcean To Build $1.2B Oil Refinery In Malaysia
Monday, August 07, 2017 Hong Kong's NewOcean Energy Holdings Limited says it plans to build a $1.2 billion petroleum refinery complex.

Loadings: Iran's Oil Exports To China To Rise To 11-Month High In August
Thursday, August 03, 2017 Iran's oil exports to China may rise to the highest in 11 months in August.

Owners Of Modern VLCCs Could See Rates Blip In Market Under Pressure
Friday, July 28, 2017 Owners of modern very large crude carriers (VLCCs) could see a gain in charter rates amid tightening vessel supply.

Glencore's LNG Global Head Gordon Waters Leaves Company
Monday, July 24, 2017 Glencore's global head of liquefied natural gas (LNG), Gordon Waters, has left the company.

Deals Set Bullish Tone As Peru Export Halt Tightens Market
Friday, July 21, 2017 Asian spot LNG prices step higher this week, shrugging off months of weakness.

Malaysia's Petronas Delivers First LNG Cargo To Thailand's PTT
Friday, July 21, 2017 Petroliam Nasional Bhd announces the delivery of its first liquefied natural gas (LNG) cargo to Thailand.

Philippines Shortlists 6 Countries For $2B LNG Hub, To Pick One Partner
Thursday, July 20, 2017 The Philippines has shortlisted 6 countries and will choose one from them as a partner for its planned $2B receiving and distribution facility for imported LNG, an official says.

Vietnam Plans Oil Reserves Equivalent Of 90 Days Of Imports By 2020
Wednesday, July 19, 2017 Vietnam's prime minister has approved a plan for the country's total crude oil and oil product stocks to be at least 90 days' worth of net imports by 2020.

LNG Prices Stay Low as Oversupply Dogs Market
Friday, July 14, 2017 The Asian market for liquefied natural gas (LNG) remained subdued this week, weighed down by oversupply concerns and as the northern hemisphere exits its high demand summer season.

Indonesia Unlikely To Need Imported LNG Until 2020 As Output To Rise
Wednesday, July 12, 2017 Indonesia is unlikely to need to import LNG until at least 2020 due to robust gas production at home.

Oil Traders Turn Bespoke Crude Tailors in Offshore Megastore
Wednesday, July 12, 2017 The biggest oil traders feeling the squeeze in a world awash with crude are seeking an edge.