Downstream News


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$5B Louisiana LNG Project to Break Ground Immediately
Friday, February 22, 2019 After receiving approvals from FERC, Venture Global LNG said it will start construction immediately on its Calcasieu Pass export terminal.

Anadarko Confirms Death in Mozambique Attack
Friday, February 22, 2019 The violence could signal a change in tactics by suspected Islamist militants in northern Mozambique's Cabo Delgado province.

Saudi Aramco Reaffirms China Interest with $10B Refinery Deal
Friday, February 22, 2019 Saudi Arabia is vying for crude oil customers with fellow OPEC members and Russia.

Empty Supertankers Uncover Truths About Today's Oil Market
Thursday, February 21, 2019 Twelve empty supertankers plowing across thousands of miles of ocean toward America's Gulf of Mexico coastline are revealing truths about today's global oil market.

UAE Refinery Contract Goes to Wood
Thursday, February 21, 2019 ADNOC plans to expand its refining complex at Ruwais, UAE. PHOTO SOURCE: ADNOC.

Pipeline Rationing Report Causes WCS-WTI Spread to Widen
Wednesday, February 20, 2019 Canadian heavy crude slips as pipeline rationing set to rise.

$44B India Refinery Project At Risk
Tuesday, February 19, 2019 The completion of the refinery hinges on the outcome of an upcoming election.

Targa to Sell Interest in Bakken Assets for $1.6B
Tuesday, February 19, 2019 U.S. pipeline company Targa Resources Corp. has entered into a definitive agreement to sell its assets in the Bakken for $1.6 billion.

Governor's Racial Reckoning May Halt Gas Project
Tuesday, February 19, 2019 Virginia Governor Ralph Northam's racial reckoning could spell more trouble for Dominion Energy Inc.'s $7 billion-plus Atlantic Coast gas pipeline.

33 FPSOs to be Sanctioned to 2021
Monday, February 18, 2019 Rystad Energy expects 33 FPSOs to be sanctioned from 2019 to 2021.

India Becomes Top Buyer of Venezuelan Oil
Monday, February 18, 2019 Meanwhile, shipments to Venezuela's long-time ally China have slowed down.

Energy Guru Says US and Russia Should Set Aside Gas Fight
Monday, February 18, 2019 A Cold War-era energy advisor contends the United States and Russia should put aside their fight over natural gas markets.

Dutch to Look Abroad for Gas after Half a Century
Friday, February 15, 2019 After decades of supplying itself and its European neighbors with natural gas, an era has officially come to an end for the Netherlands.

New Russia Sanctions Proposal Could Hinder Nat Gas Export Pipelines
Friday, February 15, 2019 New Russia sanctions proposed by members of the US Congress could hinder the development of some natural gas export pipelines.

Chevron Signs New LNG Deal with South Korean Refiner
Thursday, February 14, 2019 A Chevron subsidiary signed a sales and purchase agreement with South Korean oil refiner GS Caltex Corporation.

East Canada LNG Seeks Go-Ahead on $7.5B Plant
Thursday, February 14, 2019 A $7.5 billion liquefied natural gas project in East Canada focused on Europe is seeking to get the go-ahead this year.

Indian LNG Importer Might Join Louisiana Project
Thursday, February 14, 2019 India's largest LNG importer might join Driftwood.

Venture Global Pitches Plan for Cheapest US Gas on the Water
Thursday, February 14, 2019 A little-known company is planning to be a standout in the crowded field of US shale gas exports by slashing construction costs for the massive terminals that turn gas into a transportable liquid.

World's Biggest Battery to Boost Solar in Texas
Thursday, February 14, 2019 The world's largest battery could soon be storing solar energy deep in the heart of Texas oil country.

Refiners and Shippers Not Ready for New Fuel Reg
Wednesday, February 13, 2019 New report finds implementing pending IMO mandate is a challenge for refiners and shippers.

JV to Move Natgas from Eagle Ford to Agua Dulce
Wednesday, February 13, 2019 Howard Energy Partners and NextEra Energy Partners have entered into a joint venture to develop more natural gas transportation opportunities in the Eagle Ford.

Offshore Texas Oil Export Facility Proposed
Tuesday, February 12, 2019 Port facility would be able to handle VLCCs.

Enbridge Pipeline Faces Challenge from Minnesota's Governor
Tuesday, February 12, 2019 Enbridge's Line 3 crude oil pipeline replacement project is facing another potential setback in Minnesota.

Who Will Get Citgo?
Monday, February 11, 2019 A dispute over a $626,860 deposit at Wells Fargo & Co. during the Chinese Revolution offers a glimpse into who may eventually control Citgo Petroleum in the current Venezuelan power struggle.

Oil Tanker Market Shrugs Off All Concerns and Remains Bullish
Friday, February 08, 2019 The people paid to evaluate the shipping industry's prospects are actually turning a little more bullish.

Sasol Ups Cost of Lake Charles Project
Friday, February 08, 2019 The facility's price tag has gone up by 4.2 to 6 percent.

Phillips 66 Posts Record Profits
Friday, February 08, 2019 Phillips 66 followed rival refiner Valero Energy Corp. in blowing away investors with an earnings beat.

The Impact of Venezuela Sanctions on US Refiners
Thursday, February 07, 2019 Venezuelan sanctions are unlikely to have a significant impact on U.S. refiners, according to the U.S. Energy Information Administration.

Golden Pass Supply Contract Goes to BHGE
Thursday, February 07, 2019 A McDermott-Chiyoda-Zachry JV will build the LNG export facility.

Pipeline Shutdowns Cause Canadian Crude Prices to Plummet
Thursday, February 07, 2019 Canadian crude weakened after two critical oil pipelines remained partially shut amid an investigation into a possible leak in Missouri.

Suncor Sees Alberta Oil Cuts Ending Early
Wednesday, February 06, 2019 Suncor CEO Steve Williams says he expects Alberta's mandated oil-production cuts to end earlier than planned.

Germany May Never Get a Natural Gas Boom
Wednesday, February 06, 2019 The natural gas industry is eager to see a jump in demand now that Germany has come up with a plan to end electricity generation by burning coal.

$10B-plus Texas LNG Project Gets Go-ahead
Tuesday, February 05, 2019 The Southeast Texas project will create more than 9,000 jobs.

Global Deepwater Liquid Output to Hit Record
Monday, February 04, 2019 Rystad Energy expects global deepwater liquid production to surpass 10 million barrels per day in 2019.

KBR Wins Saudi Arabia Debottlenecking Contract
Monday, February 04, 2019 Saudi Aramco-Total JV awards contract to debottleneck Train 2 of its refinery in Jubail, Saudi Arabia.

Venezuela Sanctions Cause Oil Tankers to Float in Limbo
Monday, February 04, 2019 US oil refiners won't be allowed to complete shipments of Venezuelan crude they booked before the Trump administration slapped new sanctions on the Latin American nation.

The Great Oil Paradox
Friday, February 01, 2019 There's a growing problem - America is producing the wrong kind of oil.

Trump Admin Bars PDVSA Deals from US Financial System
Friday, February 01, 2019 The Trump administration is ratcheting up pressure on Nicolas Maduro to step aside and allow an opposition leader to take his place.

Texas Project Expected to Create Up To 1,850 Jobs
Thursday, January 31, 2019 ExxonMobil has started construction on a new unit at its Beaumont refinery in Texas.

Chevron to Buy Gulf Coast Refinery
Thursday, January 31, 2019 Chevron to add Texas refinery in $350 million deal.

Anadarko Seeks Armored Vehicles for LNG Project
Thursday, January 31, 2019 Anadarko wants a fleet of at least six armored vehicles capable of stopping AK-47 bullets.

Michigan Gas Shortage Chills Auto Production
Thursday, January 31, 2019 The three largest US automakers suspended some operations after a fire at a Michigan natural gas facility drastically cut their supply of the heating fuel.

Middle East's LNG Market Faces Decade-Long Slump
Wednesday, January 30, 2019 The Middle East was a bright spot for global LNG demand in 2015 but imports have plummeted so much that it could take a decade to recover.

How Venezuela's Last Oil Buyers May React to Sanctions
Tuesday, January 29, 2019 After the US slapped sanctions on PDVSA, the market has focused on how the remaining buyers of the South American country's heavy, low-quality crude will react.

Eni Bags Stake in World's 4th Biggest Refinery
Monday, January 28, 2019 After months of courting oil officials in Abu Dhabi, Claudio Descalzi got his prize; a stake in the world's 4th-largest oil processing plant.

Aramco's $1.6B Hyundai Oilbank Deal Deepens Asian Refining Ties
Monday, January 28, 2019 Saudi Arabian Oil Co. is taking a nearly 20% stake in South Korean oil refiner Hyundai Oilbank Co. for $1.6 billion.

Trump Admin Eyes Limiting States' Powers to Block Pipelines
Friday, January 25, 2019 The Trump administration is considering taking steps to limit the ability of states to block interstate gas pipelines and other energy projects, according to sources.

Venezuela Sanctions Likely to Hit Some US Refiners
Thursday, January 24, 2019 Refiners in Texas and Louisiana would be hard hit by sanctions on Venezuelan crude under consideration at the White House.

Oil-Sands Companies Throw New Tech at Old Foe
Wednesday, January 23, 2019 Canada's oil-sands companies have been ramping up efforts to get their peanut butter-like bitumen to flow through pipelines more easily and cheaply.

Shale Slowly Choking Off Historic Gasoline Trade
Tuesday, January 22, 2019 The rise of U.S. shale oil is choking off a historic gasoline trade, dealing a blow to European refineries that for decades have relied on American drivers to buy their excess supplies.