Downstream News

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Traders Sold German Gas That Never Showed Up
Friday, January 18, 2019 Several natural gas traders last year sold the fuel into Germany's pipeline network, but now an investigation is under way.

Germany's Support Slips on Russian Gas Pipeline
Monday, January 07, 2019 Support in German Chancellor Angela Merkel's coalition for a major new Russian gas pipeline is slipping.

Arctic LNG Contract Goes to Saipem
Wednesday, December 19, 2018 Arctic LNG 2 will boast three 6.6-mtpa trains.

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.

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.

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

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.

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.

Major Tanker Port Restarts After Vessel Collision
Friday, November 09, 2018 The Sture terminal and the Kollsnes plant resumed operations Thursday afternoon.

Five-year Sabic Deal Goes to WorleyParsons
Wednesday, November 07, 2018 WorleyParsons stated that it will execute the services from its offices in Germany, the Netherlands, Spain and the United Kingdom.

Rising Gasoline Prices Push Macron Popularity Down
Monday, November 05, 2018 Rising gasoline prices at the pump have emerged as the latest source of unpopularity for French President Emmanuel Macron.

NuStar Pulling Out of Europe
Wednesday, October 31, 2018 NuStar plans to sell its European terminals and related assets to Inter Terminals Ltd.

New Antwerp Delayed Coker to Support IMO Compliance
Wednesday, October 31, 2018 ExxonMobil has started operations of a new 50,000-bpd delayed coker unit at its 320,000-bpd Antwerp refinery in Belgium.

UK Refinery Cogen Project Goes to Fluor
Tuesday, October 30, 2018 The project scope includes design, procurement, construction and commissioning support for the new natural gas-fired combustion turbine generator system.

Higher Oil Prices Squeeze BASF Production Costs
Friday, October 26, 2018 The battle against rising energy costs comes after global manufacturers were lulled by a protracted period of relatively low oil prices.

Shipping Costs Make Europe a LNG Hot Spot Right Now
Thursday, October 25, 2018 Forget Asian hunger for energy or where liquefied natural gas costs the most, at the moment it's all about tanker rates.

Small Towns in Germany Seek to Shake Up Europe's Biggest Gas Market
Tuesday, October 23, 2018 Two small ports on the Elbe River are competing to build Germany's first LNG import terminal and help shake up Europe's biggest gas market.

Gulf Coast LNG Heading to Poland Under Long-term Deal
Wednesday, October 17, 2018 PGNiG has agreed to buy 2 mtpa of LNG from Venture Global.

Abu Dhabi Scraps Cepsa IPO
Monday, October 15, 2018 Abu Dhabi shelves plans for an initial public offering of a 25% stake in Spanish oil refiner Cepsa.

Oil CEOs Jostle for Global Natgas Crown Under Putin's Gaze
Thursday, October 04, 2018 Two oil company bosses shared a stage with one of the most powerful men in the market, and all they wanted to do was brag about natural gas.

INEOS Names Suppliers for New Europe Facility
Tuesday, October 02, 2018 Company plans to reveal site of 2.7 billion-euro investment later this year.

Golden Years Over for Oil Traders
Monday, September 24, 2018 It's a stark reversal from the long period of big returns that was ushered in by oil's crash in 2014.

US Warns Russia It May Sanction New Gas Pipeline to Germany
Thursday, September 13, 2018 US warns Russia that it may follow through on sanction threats over the construction of a major natural gas pipeline to Germany.

Abu Dhabi Set to Cash in Cepsa Investment With $11.6 Billion IPO
Wednesday, September 12, 2018 Abu Dhabi is set to cash in significant gains as its Mubadala Investment Co. pushes ahead with an initial public offering for Cepsa.

Exxon Eyes Upgrading UK Refinery For More Than $650MM
Tuesday, September 11, 2018 ExxonMobil is planning to spend more than $650 million to upgrade the UK's largest oil refinery.

Norway's Largest Oil Pipeline Now in Place
Monday, September 10, 2018 The last pipe of what is now Norway's longest and largest oil pipeline has been installed next to the riser platform at the Johan Sverdrup field in the North Sea.

Qatar Petroleum Looking At Downstream Investments In Germany
Friday, September 07, 2018 Qatar Petroleum is looking at a range of possible investments in Germany, including downstream projects and cooperation deals with smaller companies.

Qatar Energy Minister: Qatar Could Invest In German LNG Terminal
Thursday, September 06, 2018 Qatar's energy minister threw his support behind the possible cooperation of Qatar Petroleum on a potential German LNG terminal.

BP Concerned Over Planned Merger Of Poland's Two Biggest Refineries
Wednesday, September 05, 2018 The planned merger of Poland's two largest refiners PKN Orlen and Grupa Lotos could restrict competition.

Varo Declares Force Majeure On Supplies After German Refinery Fire
Tuesday, September 04, 2018 Varo Energy has declared force majeure on fuel deliveries to its customers after a fire.

Nord Stream 2 Pipeline On Track Despite Sanction Risk, Operator Says
Friday, August 31, 2018 The Nord Stream 2 pipeline to transport Russian gas to Germany is progressing on schedule, its operator says.

Hellenic Petroleum 2Q Core Profit Drops On Weaker Refining Margins
Thursday, August 30, 2018 Hellenic Petroleum reports an 18% drop in second-quarter core profit.

Wood Study Explores Modular Options for Hammerfest LNG
Wednesday, August 29, 2018 Hammerfest LNG can produce 4.3 million tons per annum of LNG sourced from the 'Snow White' field in the Barents Sea.

Gazprom's Second Quarter Profit Soars On Rising Energy Prices, Sales
Wednesday, August 29, 2018 Gazprom reports a surge in second-quarter net profit, beating analysts' expectations.

Gunvor Halts Rotterdam Refinery Upgrade For New Shipping Fuels
Tuesday, August 28, 2018 Gunvor Group has put on hold plans to upgrade its Rotterdam refinery.

Hellenic Petroleum Workers Battling Selloff Block Suitors From Refineries
Monday, August 27, 2018 Workers at Hellenic Petroleum physically prevented suitors eyeing a majority stake in Greece's biggest oil refiner from entering two of its sites in protest at plans to privatise the utility.

Total Chief Exec Drives An Electric Car, But Only On Weekends
Monday, August 27, 2018 The chief executive of Total says that he and his wife drive an electric car - but when it comes to business, he relies on fossil fuels.

Merkel: Baltic Pipeline Won't Make Us Energy-Dependent On Russia
Friday, August 24, 2018 A planned sub-sea pipeline that will bring gas directly from Russia under the Baltic Sea will not make Germany dependent on Russia for energy, Merkel says.

Analysts Say No End In Sight for Europe's Natural Gas Rally
Thursday, August 23, 2018 Europe's natural gas prices have risen to their strongest level for this time of year, lifting the cost of electricity for factories and utilities.

Fire Breaks Out At Shell Chemical Plant, Nearby Essar Refinery Unaffected
Wednesday, August 22, 2018 A fire which broke out at a Shell-owned chemical plant on the same site as Essar Oil UK's Stanlow refinery in northwestern England has been extinguished.

Norway's Mongstad Oil Refinery Shut After Power Outage
Wednesday, August 15, 2018 Norway's Mongstad oil refinery stopped production following a power outage.

Russia's Putin, Germany's Merkel Will Discuss Nord Stream-2 Gas Pipeline
Tuesday, August 14, 2018 Russian President Vladimir Putin and German Chancellor Angela Merkel will discuss the disputed, Moscow-led Nord Stream-2 gas pipeline project.

Merkel, Putin To Discuss Syria, Ukraine And Energy
Monday, August 13, 2018 Chancellor Angela Merkel and President Vladimir Putin will discuss the war in Syria, the conflict in east Ukraine and a disputed pipeline.

Russia Seeks To Limit Re-Exports Of Oil Products Via Belarus
Friday, August 10, 2018 Russia is planning to limit exports of refined oil products to Belarus in a bid to curtail re-exports from the country.

Russia-Led Nord Stream 2 Seeks New Route To Avoid Danish Waters
Friday, August 10, 2018 The Russia-led Nord Stream 2 consortium says it has applied to Denmark for an alternative gas pipeline route through the Baltic Sea that would avoid the Nordic state's territorial waters.

Arctic LNG Terminal Doubles Capacity
Thursday, August 09, 2018 The second, 5.5-mtpa train increases Yamal LNG's liquefaction capacity to 11 mtpa.

Croatia Extends LNG Terminal Gas Bidding Deadline to Sept. 28
Friday, August 03, 2018 Demand will dictate the capacity of the 250 million euro terminal, which is part of EU-led efforts to diversify away from Russian energy imports.

Italy PM Non-Committal After Discussing TAP Pipeline Dispute With Mayor
Thursday, August 02, 2018 Italian Prime Minister Giuseppe Conte meets the mayor at the center of a dispute threatening to delay work on the euro Trans Adriatic Pipeline.

Operator: Nord Stream Gas Pipeline Completed 2-Week Maintenance
Tuesday, July 31, 2018 Nord Stream has finished its annual maintenance work begun on July 17 and resumed gas transmission.

Novak: Russia Does Not Use Stocks In Tanks To Help Boost Oil Output
Friday, July 27, 2018 Russia does not use stocks in tanks to help boost oil output, Russian Energy Minister Alexander Novak says.