Downstream News

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Russia's Novatek Says Yamal LNG Seen Expanding By 1 Million Tonnes
Tuesday, October 17, 2017 Novatek plans to expand the Yamal LNG project by one more train.

CEO: MET International Plans To Boost LNG Trades In 2018
Tuesday, October 17, 2017 MET International AG plans to boost its LNG trades in Europe next year.

Slowing Demand Growth to Push Big Oil From Cars to Chemicals
Monday, October 16, 2017 Global oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting companies to accelerate the shift to natural gas and chemicals, according to WoodMac.

OMV Flags Higher 3Q Margins, Kurdistan Windfall
Friday, October 13, 2017 OMV says its refining margin rose to $7.04 per barrel in the third quarter.

Court Rejects PGniG's Attempt To Limit Gazprom's Use Of Opal Pipeline
Friday, October 13, 2017 A German court confirmed it had rejected a request by Polish energy company PGniG and its German subsidiary.

Greek Firm Gastrade Signs LNG Deal With State-Owned DEPA
Thursday, October 12, 2017 DEPA signs a cooperation agreement with natural gas company Gastrade to participate in the development of a liquified natural gas terminal.

Shrinking Europe Oil Glut Gets Even Smaller After US Hurricane
Wednesday, October 11, 2017 If you want to see how the oil market's re-balancing, just take a look at Europe's storage tanks.

Europe's Natural Gas Traders Have a Bone to Pick With Italy
Wednesday, October 11, 2017 Italy is looking to shed its status as one of Europe's most expensive gas markets, but the way it plans to do so has riled traders.

Jacobs Signs Sulfur Recovery Tech Deal with Shell-Pique's JV
Wednesday, October 11, 2017 Paquell gains access to biological process that converts mercaptans, H2S into sulfur, says Jacobs.

Wood Group Wins Total Refinery Maintenance Contract
Wednesday, October 11, 2017 John Wood Group says it won a multi-million dollar contract from Total.

Customs: Russia's Yamal LNG To Ship First Two LNG Cargoes In November
Tuesday, October 10, 2017 The Russian Yamal LNG project will ship the first two cargoes of liquefied natural gas in November.

Total, Eni, Statoil Seek Buyers for N. Sea Teesside Terminal -Sources
Monday, October 09, 2017 The sale is run jointly by investment bank Rothschild and may fetch as much as $400 million, according to the sources.

Shell, Varo End Talks on Germany Refinery Stake Sale
Friday, October 06, 2017 The two companies said last December that they had entered advanced talks on the stake sale, but the negotiations have been "discontinued", a spokeswoman for Varo told Reuters.

Russia Plays Down US Sanctions Impact on Nord Stream-2 Gas Pipeline
Friday, October 06, 2017 A project official also said that Russia has an alternative route for the pipeline under the Baltic Sea bed if Denmark blocks the construction in its territorial waters.

Transneft: Oil Supplies to Lukoil's Norsi Refinery Suspended Due to Fire
Thursday, October 05, 2017 Crude oil deliveries to Lukoil's Norsi refinery in the Nizhny Novgorod region have been resumed after a fire at the facility, Russian pipeline monopoly Transneft.

Refinery Blazes to Dent Shell 3Q Earnings
Thursday, October 05, 2017 A recent string of fires at Royal Dutch Shell's refineries, including at Europe's largest, is expected to hit the oil and gas company's third-quarter profit and deal a setback to its efforts to improve the segment's performance.

IEA Lifts Five-Year Renewables Forecast After Record 2016
Wednesday, October 04, 2017 The IEA raises its forecasts for renewable energy over the next five years.

Statoil Takes First Bite Of Solar Market With Brazilian Joint Venture
Wednesday, October 04, 2017 Statoil is taking its first step into the solar sector, partnering up with Oslo-listed renewable energy firm Scatec Solar.

Shell Said to Seek Sale of Stake in $1.4 Billion Wind Farm
Tuesday, October 03, 2017 Shell and its partners Eneco Holdings NV and Mitsubishi are seeking to sell a stake in two Dutch offshore wind-farm projects.

Kemp: Hedge Funds Amass Record Bullish Position In Distillates
Tuesday, October 03, 2017 Hedge funds have accumulated a record bullish position in middle distillates such as diesel, heating oil and gasoil, anticipating stocks will be relatively tight this winter.

European Sales of Gasoline-powered Cars Overtake Diesel - ACEA
Friday, September 29, 2017 The shift saw gasoline car sales rise by nearly 10 percent from the first half of 2016.

Shell Explores Electric Vehicle Charging, Energy Management Businesses
Thursday, September 28, 2017 Shell intends to invest up to $1 billion a year through its New Energies division by the end of the decade.

Gas Pipeline Through Central Europe to Go Ahead As Planned -Romania
Thursday, September 28, 2017 The pipeline, BRUA, will ultimately be able to carry 4.4 billion cubic meters of gas from Bulgaria and Romania to Austria by 2022.

How Refiners See the 0.5 Percent Sulphur Fuel Production World
Monday, September 25, 2017 Many refiners are not properly equipped for the low-sulphur transition and will need to revisit their business models.

Europe Diesel Exports Hit Record as Harvey Redraws Trade
Friday, September 22, 2017 Traders expect the European exports to continue for several more weeks.

Russia Set To Pipe More Oil To China, Stepping Up Race With Saudis
Thursday, September 21, 2017 Chinese oil refineries are gearing up to receive more Russian oil transported through an expanded Siberian pipeline network from January.

WoodMac: LNG Growth To Propel Oil And Gas Industry's Carbon Emissions
Wednesday, September 20, 2017 LNG will be the biggest source of carbon emission growth for the world's top oil and gas companies by 2025, according to a new study by Wood Mackenzie.

EU Cuts Duties On Argentine Biodiesel, Challenge To Come
Tuesday, September 19, 2017 The European Union will lower import duties on Argentine biodiesel after the WTO ruled against initial measures.

Total Steps Up Renewables Drive With EREN, GreenFlex Deals
Tuesday, September 19, 2017 Total steps up its expansion into renewables with investments in solar and wind energy producer EREN RE and energy efficiency firm GreenFlex.

Russia's Rosneft Clinches Gas Pipeline Deal With Iraq's Kurdistan
Monday, September 18, 2017 Rosneft will invest in gas pipelines in Iraq's autonomous Kurdistan, expanding its commitment to the region ahead of an independence referendum.

French Nuclear Regulator Investigations Fuel Winter Supply Doubts
Friday, September 15, 2017 France could face a second winter of tight power supply as nuclear reactors undergo a review of hundreds of components and increased scrutiny demanded by the country's watchdog.

Ifax: Saipem To Conduct Feasibility Study On Rosneft Chemical Plant
Friday, September 15, 2017 Rosneft has commissioned Saipem to conduct a technical and commercial feasibility study of Rosneft's planned petrochemical plant.

Netherlands To Receive LNG Cargo From US Sabine Pass Plant
Thursday, September 14, 2017 The Netherlands will receive its second-ever LNG shipment from Cheniere Energy's Sabine Pass export facility in the United States.

Norway Gas Pipeline Investors Go To Top Court Over Tariff Cut
Wednesday, September 13, 2017 A group of investors in Norway's gas pipeline network are going to the country's highest court in a final attempt to overturn a government decision to cut pipeline tariffs.

Once Fringe Players, Swiss Traders Grab $10 Billion Slice Of LNG Market
Tuesday, September 12, 2017 Swiss trading houses are muscling in on the global market for LNG, until now the preserve of energy giants, and expect to grab a $10 billion share of the rapidly growing business this year.

Keel Laid for Fully LNG-powered Cruise Ship
Wednesday, September 06, 2017 AIDAnova to be first of seven LNG-powered cruise ships.

Poland's PGNiG To Receive LNG Spot Delivery From Statoil In September
Tuesday, September 05, 2017 PGNiG says it will buy 140,000 cubic metres of LNG from Norway's Statoil on the spot market this month.

Storm Harvey Opens Up Rare Jet Fuel Exports from Europe to US
Friday, September 01, 2017 The US is usually a jet fuel exporter to Europe.

Gazprom Says Sanctions Won't Stop Nord Stream 2 Pipeline Project
Wednesday, August 30, 2017 The Nord Stream 2 project to add a second Russian trans-Baltic gas export pipeline will be implemented regardless of how new US sanctions are interpreted, Gazprom says.

Russia's Gazprom Does Not Rule Out More LNG Flows To Europe From Rivals
Wednesday, August 30, 2017 Gazprom did not rule out an increase in liquefied natural gas flows to Europe from its rivals, a company official says.

European Oil Product Margins Spike in Harvey's Wake
Tuesday, August 29, 2017 Buyers in the United States and in Latin America, which has been reliant on US exports, could turn to Europe, traders said.

German Chemical Industry Warns of Disruption After Rail Closure
Friday, August 25, 2017 Deutsche Bahn has said that Rhine Valley Railway line would remain closed until Oct. 7.

Germany's 'Diesel Fear' Sees $5 Billion in Used Cars Gather Dust
Thursday, August 24, 2017 Germany's back and forth over potential bans for diesel cars in cities is sapping demand for the vehicles and causing a backlog of used models on dealer lots.

Fire Breaks Out At Exxon's Refinery In Rotterdam, Netherlands
Tuesday, August 22, 2017 ExxonMobil says a fire broke out at its refinery in Rotterdam but that there were no injuries.

Lithuania Receives First LNG From The United States
Monday, August 21, 2017 Lithuania received its first spot shipment of LNG from the United States.

TANEKO Head: Tatneft To Double TANEKO's Refining Capacity In 2017
Friday, August 18, 2017 Russian mid-sized oil producer Tatneft plans to double the capacity of its TANEKO oil refinery to 14 million tonnes this year, TANEKO says.

Norway's Record July Gas Sales Could Lift Statoil Earnings
Friday, August 18, 2017 Norwegian gas sales hit a record July high, which analysts said would deliver strong quarterly earnings for top producer Statoil.

Dutch Oil Storage Firm Vopak Sees 2017 Profit Down On Lower Occupancy
Friday, August 18, 2017 Vopak says its core profit in 2017 would be lower than last year.

Smart Gas Tankers Earning More Take Scenic Routes Amid Glut
Thursday, August 17, 2017 Advances in technology mean less of the fuel would end up lost at sea during the journey.

Arctic Ocean Thaw Helps Russian Shipping As Old Ice Blows West
Friday, August 11, 2017 The thinning Russian ice could help liquefied natural gas (LNG) tankers.