Downstream News


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1st Ichthys LNG Cargo Said Possible This Week
Tuesday, October 16, 2018 The Ichthys LNG export project in northern Australia may load its 1st natural gas cargo as soon as this week, according to people with knowledge of the venture's preliminary sales plans.

Thailand Olefins Project Goes to McDermott
Monday, October 01, 2018 MOC has awarded McDermott a technology contract for a petrochemical plant in Thailand's Rayong province.

Asia's Oil Market Torrid Amid Iran Sanctions and Mega-Refineries
Monday, September 24, 2018 "Refiners will have to buy whatever crude they can get their hands on," said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd.

Indonesia Confirms Pertamina CEO As State Firm Pressed To Curb Imports
Wednesday, August 29, 2018 Indonesia's government confirms Nicke Widyawati as the permanent chief executive of Pertamina.

TechnipFMC to Build Pioneering Vietnam Project
Tuesday, August 28, 2018 Although TechnipFMC did not specify the contract amount, it classified the award as 'large.'

Vietnam's Trade Ministry To Reply To Nghi Son Refinery's Request Soon
Monday, August 13, 2018 Vietnam's Ministry of Industry and Trade will respond to a request from the Nghi Son oil refinery to export fuels such as gasoline and diesel 'soon,' it said in a statement.

ExxonMobil Offers Aug-Sept Cargo from Australia's Gorgon LNG
Tuesday, August 07, 2018 ExxonMobil Corp has offered to sell a liquefied natural gas (LNG) cargo from the 15.6-million-tonnes-a-year Gorgon LNG plant in Australia for August to September delivery.

Pertamina Invites Socar, JX Nippon To Partner On Balikpapan Upgrade
Wednesday, August 01, 2018 Pertamina has approached Socar and Japan's JX Nippon Oil & Energy Corp for possible partnerships to upgrade Indonesia's Balikpapan oil refinery.

Darwin Seeks To Shed Frontier Image To Become World-Class LNG Export Hub
Friday, July 27, 2018 Australia's tropical city of Darwin wants to establish itself as a world-scale energy export hub.

LNG Import Plan For South Australia Targets First Gas In Mid-2020
Monday, July 23, 2018 A private firm is looking to import LNG to South Australia starting in 2020.

Taiwan's Formosa Restarts Naphtha Cracker; Not Yet At Full-Tilt
Monday, July 16, 2018 Taiwan's Formosa Petrochemical Corp restarted a naphtha cracker late last week.

Weak Start for Vitol's Viva Energy on Australian Bourse
Friday, July 13, 2018 Vitol and its unnamed partners built Viva Energy after buying Shell's former refinery in Geelong near Melbourne and its petrol stations in Australia for $2.6 billion in 2014.

Japanese Refiner Idemitsu Wins Family Backing For Showa Shell Merger
Tuesday, July 10, 2018 Japanese oil refiners Idemitsu Kosan and Showa Shell Sekiyu have agreed to merge on April 1 next year.

Pertamina Discontinues LNG Terminal Project, Seen As Unfeasible
Monday, July 09, 2018 Pertamina has decided not to go ahead with what would have been the country's second land-based receiving terminal.

Exxon Halts Work on PNG Gas Pipeline Amid Civil Strife in Highlands
Friday, July 06, 2018 Exxon Mobil Corp stopped construction on its Angore gas pipeline in Papua New Guinea's strife-hit highlands late last month after building sites were vandalised, the company says.

Sources: Malaysia's Petronas Buys First Ever US Oil Cargo, Due In Sept
Tuesday, July 03, 2018 Petronas has bought its first ever US oil cargo of 1 million barrels of Mars crude.

JERA Beefs Up Into Asian Trading Giant With EDF's LNG Business
Tuesday, July 03, 2018 Japan's JERA has bulked up into one of Asia's biggest energy traders.

Government: Importing LNG To Australia's Southeast Faces Cost Hurdles
Monday, July 02, 2018 Plans to import to Australia could help cap soaring local gas prices.

Australia No Longer Expects Gas Shortfall Before 2030
Friday, June 22, 2018 Australia no longer faces a looming gas shortage, according to estimates from the nation's energy market operator.

Vietnam Arrests More Oil Executives Amid Corruption Crackdown
Thursday, June 21, 2018 Police in Vietnam arrested four executives of state oil firm PetroVietnam's subsidiaries on suspicion of embezzlement.

Vitol Launches Viva Energy Float, Australia's Biggest In 4 Years
Wednesday, June 20, 2018 Vitol kicked off the planned $3.7B float of its Australian refinery and fuel supply network Viva Energy.

ExxonMobil Considers Importing LNG To Australia
Monday, June 18, 2018 ExxonMobil is considering importing LNG.

Trafigura Signs Second Storage Agreement With Singapore LNG Corp
Monday, June 18, 2018 Trafigura signs a second deal with Singapore LNG Corp.

Chevron Starts Second Production Unit at Wheatstone LNG in Australia
Friday, June 15, 2018 Chevron Corp has started producing liquefied natural gas (LNG) at the second unit of its $34 billion Wheatstone development, marking the completion of its two megaprojects in Australia after cost-blowouts and delays.

Pipe Dream? Chevron, Woodside Vie to Shape Australia's LNG Sector
Friday, June 15, 2018 After spending a decade and billions of dollars developing Australia's vast gas reserves, Chevron and Woodside are at odds over the pace and timing of the next leg of expansion.

Platts Receives First Transparent Bid In LNG Pricing Process
Wednesday, June 13, 2018 S&P Global Platts has received its first transparent bid for LNG in its pricing process.

Shell Feeds Gas To Australia's New Prelude Floating Unit
Wednesday, June 13, 2018 Shell has introduced gas to its Prelude FLNG unit.

Vietnam's Second Refinery Nghi Son To Export Petrochemicals This Month
Thursday, June 07, 2018 Vietnam's second oil refinery Nghi Son, which is expected to be fully operational by early August.

Philippines' Phoenix Petroleum, China's CNOOC Partner For LNG Terminal
Tuesday, June 05, 2018 Phoenix Petroleum says it had agreed to partner with a subsidiary of CNOOC to explore building a receiving terminal for LNG in the country.

Malaysia To Probe Najib Govt's $2B Payments To Chinese Pipeline Firm
Tuesday, June 05, 2018 Lim Guan Eng has been driving a campaign to expose financial scandals in the administration of former Prime Minister Najib Razak.

Over $40MM Of Fuel Stolen From Shell Refinery, Singapore Court Docs Show
Tuesday, May 22, 2018 Singapore authorities have levied new charges against a group of fuel thieves operating at Shell's oil refinery in Singapore.

Chevron Unveils Shared Vision for North West Shelf Infrastructure Stimulus
Wednesday, May 16, 2018 Chevron extends invitation to Woodside and Shell to collaborate on shared infrastructure development.

Japan's Inpex Sees Ichthys LNG Start-Up By End-May
Thursday, May 10, 2018 Inpex Corp says it will begin production at its Ichthys liquefied natural gas development in Australia by the end of May.

Chevron To Idle Gorgon LNG Unit, Considers Boosting Australian Output
Monday, April 30, 2018 Chevron will idle the second production unit at its Gorgon LNG project in May.

ExxonMobil Says PNG LNG Plant Back To Normal Production Rates
Monday, April 30, 2018 ExxonMobil restarts second LNG train at its Papua New Guinea liquefied natural gas plant.

Shell, Inpex Near Finish Line in Race to Export North Australian LNG
Tuesday, April 24, 2018 Shell and Inpex are on the final stretch of a years-long race to export gas from offshore northern Australia, where both have spent billions of dollars building the world's biggest maritime vessels to grab a slice of Asia's booming LNG market.

Australia's Ichthys Project to Import LNG to Cool Plant Ahead of Start-up
Monday, April 23, 2018 Japan's Inpex Corp and its partners have bought a cargo of LNG to cool their Ichthys LNG plant in Australia ahead of a potential start-up.

Woodside Sees New Momentum On Long-Delayed Browse Gas Project
Wednesday, April 18, 2018 The long-delayed Browse gas project off Western Australia has gained key support.

Papua New Guinea LNG Project Resumes Exports
Monday, April 16, 2018 A liquefied natural gas (LNG) tanker has left Papua New Guinea laden with the first export cargo of the supercooled fuel since the country's giant LNG project resumed production after a major earthquake.

Russell: 'Fat And Lazy' LNG Buyers Need Producers Help To Boost Demand
Thursday, April 12, 2018 Buyers of LNG have grown 'fat and lazy' on expectations of a surplus of the super-chilled fuel.

Exxon Expects Papua New Guinea LNG Project To Restart In May
Wednesday, April 11, 2018 ExxonMobil Corp expects to restart production from its Papua New Guinea liquefied natural gas (LNG) project at the start of May after it was shut following an earthquake in February.

Indonesia State firm Says Oil Spill Due To Cracked Underwater Pipeline
Wednesday, April 04, 2018 Pertamina says a cracked underwater pipeline was the cause of an oil spill.

Indonesia To Offer Investors A Simplified Tax-Holiday Program
Friday, March 30, 2018 Indonesia will unveil a simplified scheme for tax holidays next week and Pertamina should be among the first to benefit, government officials says.

Japan's Inpex Delays Ichthys LNG Project; Posts Loss On Canada Gas Project
Monday, March 26, 2018 Inpex says it has delayed the start-up of the Ichthys LNG project in Australia.

Oil Search Sees Gobe Plant Operational This Week After PNG Quake
Tuesday, March 20, 2018 Australia's Oil Search Ltd expects its Gobe processing plant and oil export pipeline in Papua New Guinea to be operational later this week, after a deadly earthquake hit last month.

Fire Breaks Out At Fuel Oil Storage Tank In Singapore
Tuesday, March 20, 2018 A fire broke out at a fuel oil storage tank at Tankstore's Pulau Busing terminal in Singapore on Tuesday evening.

Traders: ExxonMobil Buys LNG To Chill Quake-Hit Papua New Guinea Project
Monday, March 19, 2018 ExxonMobil Corp has bought a liquefied natural gas cargo to keep its Papua New Guinea plant cold.

Japan's Inpex Sticks To End-March Start-Up Target For Ichthys LNG Project
Friday, March 09, 2018 Inpex says it has started trial operations at its Ichthys LNG and condensate export facility.

LNG Tanker From Taiwan Bound For Papua New Guinea Diverts To Singapore
Monday, March 05, 2018 A LNG tanker bound for Papua New Guinea from Taiwan has diverted to Singapore.

Exxon Declares Force Majeure On Exports From Papua LNG Project-Source
Friday, March 02, 2018 ExxonMobil Corp declares force majeure on exports from its Papua New Guinea liquefied natural gas project, an industry source familiar with the matter says.