Downstream News


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Iraq, Orion Sign Deal To Process Gas From Giant Oilfield
Monday, January 22, 2018 Iraq agrees a deal with U.S. energy company Orion to process natural gas extracted at its giant Nahr Bin Omar oilfield.

Scottish Government Launches Low Carbon Innovation Fund
Monday, January 22, 2018 The Scottish government is launching an $83 million fund to 'keep Scotland at the forefront of low carbon innovation'.

Russia's Transneft: Oil Pipeline Fire Will Not Affect Export Schedule
Friday, January 19, 2018 A fire at the Samara-Tikhoretsk pipeline will not affect Russia's oil export schedule.

US Refiners Are Riding High With Strong Margins, Tax Boost
Friday, January 19, 2018 US refiners are off to a strong start start in 2018, even as competitors elsewhere are hitting harder times.

Ohio Again Asks US Regulators To Stop Drilling On Rover Natgas Pipe
Friday, January 19, 2018 Ohio environmental regulators asked federal energy regulators to order Energy Transfer Partners LP to cease drilling operations on the Rover natural gas pipeline.

IEA Sees Oil Markets Tightening As Venezuelan Output Collapses
Friday, January 19, 2018 Global oil markets are tightening quickly on falling supply from Venezuela, IEA says.

Saudi's Refined Oil Exports Offset Crude Curbs
Friday, January 19, 2018 The share of Saudi Arabia's exports of refined oil products steadily rose throughout 2017, offsetting a drop in overseas crude oil sales.

Woodside Bullish On Australian Pluto LNG Expansion Prospect
Thursday, January 18, 2018 Woodside Petroleum expects to reveal plans for expanding its prized Pluto LNG project and connecting it to the North West Shelf LNG complex soon.

CB&I, Chevron Lummus Global, Saudi Aramco Launch 'Crude-to-Chemical' JV
Thursday, January 18, 2018 Three-way agreement is 'technological first,' says Saudi Aramco president.

Shell to Deploy Pioneering Electrolysis Tech at German Refinery
Thursday, January 18, 2018 Shell's Rhineland refinery in Wesseling, Germany. SOURCE: Shell

EIA: US Crude Stocks Drop, Led By Record Outflow From Cushing Hub
Thursday, January 18, 2018 US crude oil stocks fell for a ninth straight week, led by a record drawdown at the US storage hub in Cushing, Oklahoma, EIA says.

Russell: China May Cause Larger Seasonal Swings In LNG Prices
Thursday, January 18, 2018 There is little doubt that China's voracious appetite for LNG is the prime mover behind the spot price for the fuel reaching its highest in more than three years, but what happens next?

Ukraine Will Buy Gas From Russia This Year - Naftogaz Chief
Wednesday, January 17, 2018 Ukraine will return to buying gas from Russia in 2018, ending a more than two-year hiatus.

Oil at $70 Proves Too Hot to Handle for Some European Refineries
Wednesday, January 17, 2018 High imports of fuels like diesel from the Middle East are also capping profits for European refiners.

Frigid Blast to South Hits Refineries as Power Prices Spike
Wednesday, January 17, 2018 A blast of Arctic air pushing deep into the South hindered refinery operations in the region, sent natural gas prices soaring and drove electricity demand in Texas to a record high.

UK Firm Intertek Says Employee Involved in Shell Oil Theft Case
Wednesday, January 17, 2018 Muhammad Ali bin Muhammad Nor faces two charges of conspiring with Shell employees as part of a scheme to steal oil from Shell's Palau Bukom industrial site, court documents show.

India's Reliance Declares 30pct Higher Refinery Capacity at Export Plant
Wednesday, January 17, 2018 he new capacity is the equivalent of 704,000 bpd of crude processing.

China Fuel Blenders,Independent Refiners to Feel Squeeze from New Tax Rules
Wednesday, January 17, 2018 The rules address a long-held complaint by China's state-owned oil companies.

Japan Sees Little Chance Of Oil Slick From Sunk Tanker Reaching Its Coast
Tuesday, January 16, 2018 Japan sees little chance of the oil spill from a stricken Iranian tanker that sank on Sunday in the East China Sea reaching its shores.

India's GAIL Renegotiates LNG Deal With Gazprom
Tuesday, January 16, 2018 Gas utility GAIL (India) Ltd renegotiates the terms of a long-term liquefied natural gas (LNG) purchase deal with Russia's Gazprom.

India's Modi Launches $6.8Bln Refinery In Desert State Of Rajasthan
Tuesday, January 16, 2018 Indian Prime Minister Narendra Modi launches the construction of a $6.8 billion refinery in the western state of Rajasthan.

Algeria's Sonatrach To Refine Crude Abroad To Cut Fuel Import Bill -CEO
Tuesday, January 16, 2018 Sonatrach plans to send oil abroad for refining as it seeks to lower a fuel bill that reached a record $2.5 billion last year.

Cheniere Signs 15-year LNG Supply Pact with Trader Trafigura
Tuesday, January 16, 2018 LNG deliveries to Trafigura, one of the biggest independent traders of the fuel, will begin in 2019, Cheniere said.

Statoil May Build Onshore Terminal for Castberg Oil -Minister
Tuesday, January 16, 2018 A report on the proposal is expected in 2019, Minister of Petroleum and Energy Terje Soeviknes told Reuters on the sidelines of a conference.

Russia's Gazprom Plans To Invest 182.4B Roubles In Turkstream In 2018
Monday, January 15, 2018 Gazprom plans to invest $3.2 billion this year in the TurkStream pipeline project.

Pumping On Colombia's Transandino Pipeline Halted After Bomb Attack
Monday, January 15, 2018 Pumping on Colombia's southern Transandino pipeline was halted on Sunday after a bomb attack.

Shell Ventures Back Into Solar
Monday, January 15, 2018 Shell agrees to acquire a stake in a US solar company, 12 years after exiting the sector.

Russell: China's Oil Product Export Surge Shows Risks To OPEC's Gains
Monday, January 15, 2018 The standout feature of China's crude oil and product trade data for December was the surge in exports of refined fuels to a record, but it already appears that this dynamic may not be sustainable.

As Crude Rallies, Husky May Gain as Top Oil-Sands Stock Pick
Monday, January 15, 2018 Husky Energy, the best oil-sands stock last year, may emerge as a top pick for investors.

Oil, Gas Majors to Boost Renewable Spend
Friday, January 12, 2018 Oil and gas majors will continue to strengthen investment into renewable energy and low carbon technology through 2018.

Coast Guard: Stricken Iranian Oil Tanker Drifts Into Japan's Economic Zone
Friday, January 12, 2018 Japan's Coast Guard says a stricken Iranian oil tanker has drifted away from the Chinese coast and into Japan's exclusive economic zone.

Russia's Transneft Says Dispute With Sberbank Resolved
Friday, January 12, 2018 Russian oil pipeline monopoly Transneft resolves its dispute over financial derivatives with the country's largest lender, Sberbank.

US Upholds NY Denial Of Constitution Natgas Pipe
Friday, January 12, 2018 Energy regulators reject Williams Cos' request to overturn New York's denial of a water permit for the company's proposed Constitution natural gas pipeline from Pennsylvania to NY.

Shell Braces for Change by Expanding Its Foothold in Electricity
Friday, January 12, 2018 Shell is taking small steps toward a future dominated by electric cars, renewable energy and carbon constraints.

Ohio Officials Worry About Possible New Spills From Rover Natgas Pipe
Friday, January 12, 2018 Ohio environmental regulators told federal energy regulators the state has significant concerns about the potential for a spill from Energy Transfer Partners' drilling.

Nigeria State Oil Firm Says Gas Pipeline Explosion Has Not Affected Supply
Friday, January 12, 2018 Nigeria's state oil firm says the supply of gas had not been affected by an explosion the previous day on a major pipeline.

Production Outages Tighten Asian Gas Market
Friday, January 12, 2018 Asian spot LNG prices rose this week on falling production from Russia, Angola and Malaysia in an already tight market.

China's Gas Imports Jump To Record High As Winter Weather Bites
Friday, January 12, 2018 China's natural gas imports soared to a record in December as the country battled a winter supply crunch.

India's 2017 Oil Demand Growth Posts Lowest Gain Since 2013
Thursday, January 11, 2018 Indian oil consumption in 2017 grew at its slowest in 4 years, according to government statistics.

Shell to Build Solar Power Plant at Moerdijk
Thursday, January 11, 2018 Shell's chemical plant in Moerdijk, the Netherlands.

Baltic Exchange To Develop LNG Freight Index With Ship Brokers
Thursday, January 11, 2018 The Baltic Exchange is looking into launching a freight index for LNG.

US Becomes a Net Gas Exporter for the First Time in 60 Years
Thursday, January 11, 2018 America's trade imbalance just got a wee bit smaller.

Natural Gas Survey Outlines Effects of Anti-Pipeline Fervor
Thursday, January 11, 2018 Black & Veatch survey reveals extent of resistance to pipeline projects.

A New Era of Batteries Spells Trouble for Gas in America
Thursday, January 11, 2018 California's recent move spells trouble for power plants all across the US that run on natural gas.

Explosion On Iranian Oil Tanker Forces Rescue Team To Retreat
Wednesday, January 10, 2018 Rescue crews were forced to retreat from a stricken Iranian oil tanker in the East China Sea following an explosion on the ship.

Saudi Aramco Hires Former Shell Executive For Chemicals Business
Wednesday, January 10, 2018 State oil giant Saudi Aramco hires Olivier Thorel, a former senior executive at Royal Dutch Shell, as executive director for its chemicals business.

China's Sinochem Ties Up With Private Chemical Group In Oil Trading
Wednesday, January 10, 2018 Sinochem Group has agreed on a framework deal with China's private chemical giant Hengli Group.

Med Crude-Urals Diffs Remain High Despite Weak Refinery Margins
Wednesday, January 10, 2018 Urals crude differentials remained high despite weak refinery margins, while Azeri BTC was offered lower, trade sources say.

Algeria Sends More Oil To Cuba As Venezuelan Supplies Fall
Wednesday, January 10, 2018 Algeria sent 2.1 million barrels of crude oil to Cuba last year and will ship the same amount in 2018, an official at Sonatrach says.

Saudi-Led Coalition Says Thwarts Houthi Attack On Oil Tanker
Wednesday, January 10, 2018 The Saudi-led coalition fighting in Yemen says it had thwarted an attack on a Saudi oil tanker over the weekend.