Downstream News


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Total to Sell Part of Ichthys LNG Stake for $1.6B
Thursday, December 13, 2018 Total signs an agreement to divest a 4% interest in the Ichthys LNG project in Australia.

Oil Tanker Owners Find Solace in Shale
Wednesday, December 12, 2018 America's shale boom could be about to spare the world's oil tanker owners from a typical OPEC ravaging.

Sleepless Nights for US Gas Traders
Tuesday, December 11, 2018 Welcome to the new world market for natural gas, where computers never sleep and, apparently, neither do traders.

ADNOC Claims Industry First
Tuesday, December 11, 2018 ADNOC's gas processing plant. IMAGE SOURCE: ADNOC

Maiden LNG Cargo Leaves Corpus Christi
Tuesday, December 11, 2018 Cheniere reports that the first commissioning cargo of LNG has loaded and departed from its Corpus Christi liquefaction terminal.

US House Opposes Russian Gas Pipeline
Tuesday, December 11, 2018 The US House of Representatives approved a largely symbolic resolution expressing opposition to Gazprom PJSC's Nord Stream 2 natural gas pipeline.

Mexico to Build an $8 Billion Refinery
Monday, December 10, 2018 Mexico plans to start awarding the construction of its seventh refinery as soon as March 2019.

Louisiana Offshore Port Ships Most Oil Ever on Supertankers
Friday, December 07, 2018 The Louisiana Offshore Oil Port is pushing out the most crude it's shipped in any one month since the terminal began supertanker exports in February.

Louisiana LNG Contract Goes to Kiewit
Friday, December 07, 2018 Kiewit has won the EPC contract for Venture Global's Calcasieu Pass LNG export project.

Bakken Refinery Contract Goes to McDermott
Thursday, December 06, 2018 McDermott International will finalize the FEED for the grassroots Davis Refinery in the Bakken formation.

LNG Market Growth is Fueling Business Changes
Thursday, December 06, 2018 The LNG market is experiencing the same old song and dance that other commodity industries have experienced in decades past.

US Becomes a Net Oil Exporter for First Time in 75 Years
Thursday, December 06, 2018 America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal.

The EU Weighs Risks of Rising Gas Imports
Wednesday, December 05, 2018 At issue is mainly how output from the Groningen field will continue to decline, thus making the EU more dependent on both pipeline and LNG from outside the EU borders.

Canadian Natural Cuts Spending on Lack of Shipping Options
Wednesday, December 05, 2018 The pipeline shortage that has been strangling the Canadian oil industry is weighing on spending plans for next year.

Saudi Oil Premium Drops to 15-Year Low
Wednesday, December 05, 2018 Saudi Arabia's crude pricing in the world's biggest oil market is reflecting tumbling profits from making cleaner fuels in Asia.

Macron Backtracks from Fuel Tax Hike
Tuesday, December 04, 2018 French President Emmanuel Macron blinked.

Saudis Pushing for More Asian Market Share
Tuesday, December 04, 2018 Saudi Arabia is "fighting very hard for the Asia market share," said one analyst.

Canadian Heavy Crude Surges After Alberta Imposes Oil Cuts
Monday, December 03, 2018 Canadian heavy crude strengthened the most since June.

Permian Pipeline to Access Texas Deepwater Ports
Friday, November 30, 2018 Jupiter Energy Group has launched its 90-day open season for binding shipper commitments on the Jupiter Pipeline

Heavy Sweet Oil Rises as Unlikely Star
Friday, November 30, 2018 There's a rising star in the oil world, and it's heavy and sweet.

Alaska Earthquake Threatens Oil Exports
Friday, November 30, 2018 A magnitude 7 earthquake struck Alaska early Friday, shutting the state's most important oil pipeline.

Keystone XL Oil Pipeline to Face Another Environmental Review
Friday, November 30, 2018 TransCanada's long-delayed Keystone XL oil pipeline will face another round of environmental scrutiny.

Trump Boosts Biofuel Quotas
Friday, November 30, 2018 The Trump administration ordered oil companies to blend more renewable fuel into gasoline and diesel next year.

Alberta to Buy Rail Cars to Ship Crude Amid Pipeline Pinch
Thursday, November 29, 2018 Alberta is working to buy rail cars to help ship more crude as pipeline bottlenecks have the oil-rich province grappling with historic low prices.

Pemex Refineries Operating at Lowest Level in Almost 3 Decades
Thursday, November 29, 2018 Petroleos Mexicanos' refineries are operating at the lowest level in almost three decades.

RWE to Buy More US LNG
Thursday, November 29, 2018 RWE AG plans to buy more US liquefied natural gas after signing two contracts this year.

Canada's Output Grows Despite Pipeline Problems
Wednesday, November 28, 2018 Canada's lingering crude glut isn't hindering the country's growing oil output, according to the National Energy Board's most recent forecast.

EPA to Keep Exempting Refineries From Biofuel Mandates
Wednesday, November 28, 2018 The Trump administration has decided to keep waiving some oil refineries from US biofuel mandates.

Williams Seeks Buyers for Stake in Wyoming Pipeline
Wednesday, November 28, 2018 Williams Cos. is seeking buyers for its stake in Jackalope Gas Gathering Services.

Canada's Oil Industry Needs $40B to Flourish
Tuesday, November 27, 2018 Canada has a nearly unlimited hydrocarbon resource, so importing oil nations around the world are increasingly seeking the country to supply resources.

Stationary Cargoes Indicate LNG Market Might Be Following Oil's Footsteps
Tuesday, November 27, 2018 Some liquefied natural gas sellers aren't in a rush to deliver their multimillion-dollar cargoes.

Sabic Team Scouring World for M&A Deals
Tuesday, November 27, 2018 Sabic is targeting acquisitions and partnerships with oil majors as the petrochemicals giant seeks to expand in faster-growing markets.

Par Pacific Buys US Oil and Refining for $358MM
Tuesday, November 27, 2018 Par Pacific's acquisition of Tacoma, WA based US Oil will significantly boost the company's mainland refining and logistics presence.

Louisiana Port Developers Acquire Site
Tuesday, November 27, 2018 The Plaquemines Liquids Terminal would open up to 20 million barrels of storage for both crude oil and refined products and export facilities capable of loading Suezmax and VLCC vessels.

EPA to Hold Biofuel Quotas for Gasoline Steady for 2019
Tuesday, November 27, 2018 The Trump administration is set to order refiners to use 15 billion gallons of conventional renewable fuels.

Race to Export US Shale Gets Fierce, Gulf Coast Terminals Want In
Monday, November 26, 2018 The race to export US shale oil overseas is about to get fierce, with at least nine proposed terminals angling for a piece of a very limited pie.

Corpus Christi Port Project Nears Funding Halfway Point
Monday, November 26, 2018 The Corpus Christi Ship Channel Improvement Project will cost an estimated $360 million.

Saudi Aramco to Invest $100B in Chemicals
Monday, November 26, 2018 The world's biggest oil exporter is earmarking $500 billion to invest over the next 10 years.

Trudeau is Said Not to Favor Crude by Rail Plan
Friday, November 23, 2018 Justin Trudeau's government is unlikely to heed Alberta's plea for new trains to alleviate the country's oil crisis, federal officials say.

Brazil Subsea Pipeline Project Goes to McDermott
Wednesday, November 21, 2018 Petrobras has awarded McDermott an EPCI contract for the ultra-shallow segment of its Rota 3 natural gas export pipeline.

Florida LNG Project Clears Hurdle
Wednesday, November 21, 2018 An aerial rendering of the Jacksonville Export Project. SOURCE: Business Wire

China's Tariffs: A Headache for the Next Wave of US Natgas Export Projects?
Tuesday, November 20, 2018 What effect will Trump's tariffs have on US LNG exporters in particular and LNG trade?

TurkStream Gas Pipeline Offshore Section Complete
Tuesday, November 20, 2018 The construction of the offshore section of the TurkStream gas pipeline in the Black Sea has been completed.

US Gasoline Price Approaches Level for Last Thanksgiving
Tuesday, November 20, 2018 AAA contends that motorists should add cheaper gasoline prices to their list of 'things for which to be thankful' this Thanksgiving.

Oman Merges Oil Companies to Create Refining-to-Trading Business
Monday, November 19, 2018 The largest Persian Gulf producer that's not an OPEC member is combining state-run oil investment and refining companies to form a business that spans pumping crude and natural gas to processing and trading fuels.

Papua LNG Partners Take Step Toward Investment Decision
Monday, November 19, 2018 The MoU that Total, ExxonMobil and Oil Search signed with the PNG government defines key terms of the project's gas agreement.

More Refineries on the Horizon for Alberta
Monday, November 19, 2018 Alberta will pursue building new refineries as the oil-rich Canadian province looks to weather a crude price crunch, while a forced production cut remains an option.

Heavy Canadian Crude Falls to Record Low
Friday, November 16, 2018 Heavy Western Canadian Select crude fell to a record low.

Iraq Resumes Oil Exports from Kirkuk
Friday, November 16, 2018 Iraq said it resumed oil exports from Kirkuk to Turkey, which had been halted for a year by a political dispute.

Corpus Christi LNG Export Facility Starts Production
Friday, November 16, 2018 Cheniere Energy has begun producing LNG from its Corpus Christi Liquefaction project in Texas' Coastal Bend region.