Downstream News

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Transneft: Russian Oil Product Exports From Black Sea Port 'Collapse'
Wednesday, February 21, 2018 Shipments of oil products from a Russian Black Sea port, hit by a managerial conflict, have 'collapsed,' Transneft says.

Siberian Chill Lifts Gas Enough to Revive LNG Trade in Europe
Wednesday, February 21, 2018 Europe's liquefied natural gas dry spell may end thanks to a surprising cold snap.

BP Sees Electric Future With Oil Demand Peaking in 2030s
Tuesday, February 20, 2018 The future is electric for BP, though it's not giving up on oil just yet.

TAP Gas Pipeline To Get 1.2B Euros In Loans From EBRD In 2018
Tuesday, February 20, 2018 The European Bank for Reconstruction and Development plans to allocate loans for the Trans-Adriatic Pipeline (TAP) this year.

Croatia's Krk LNG Project Faces Opposition As Investment Decision Looms
Monday, February 19, 2018 Croatia's plans for a floating LNG terminal on the Adriatic island of Krk require a final investment decision by June if it is to hit a 2020 start target.

Oil Output Cuts And Electric Car Influx Could Hit Russian Economy
Friday, February 16, 2018 Russia's oil-dependent economy could be hit in 2018 by cuts.

France's GTT Sees Recovery Ahead After Rebound In Orders
Friday, February 16, 2018 GTT says that 2017 saw a rebound in orders for LNG carriers.

Big Oil CEOs Appeal to Norway to Back Carbon Capture and Storage
Thursday, February 15, 2018 Three of the world's biggest oil companies called on Norway to help maintain funding for carbon capture and storage technology.

Russia, Saudis May Go Beyond Oil Alliance With LNG Project
Wednesday, February 14, 2018 Russia and Saudi Arabia are seeking ways to amplify the success they’ve had working together.

Med Crude-Baltic Urals And Azeri BTC Diffs Fall On Abundant Supply
Tuesday, February 13, 2018 Urals crude and CPC Blend differentials to dated Brent fall.

Norwegian Police Investigate 2016 Hydrogen Leak At Statoil Refinery
Friday, February 09, 2018 Norwegian police have launched an investigation into a hydrogen gas leak at Statoil's Mongstad refinery, the company says.

Poland Bets on LNG, Norway Gas as Divorce With Russia Looms
Friday, February 09, 2018 Russia's oldest natural gas buyer is ready to break up after more than 74 years.

Croatia's Janaf Strikes Transport Deals Worth $83MM
Monday, February 05, 2018 Janaf reaches transport agreements worth $83 million.

Wingas: German Renewable Power Expansion Will Need Gas As Back-Up
Monday, February 05, 2018 Germany's new target of nearly doubling renewable power's share of its electricity mix by 2030 needs to be backed up by more gas-fired capacity.

Europe Shuns Russian Oil As Boost Of Chinese Flows Hits Quality
Monday, February 05, 2018 European refiners are threatening to cut Russian oil purchases due to worsening quality.

Russia's Transneft: Storm Suspends Oil Loadings From Novorossiisk
Friday, February 02, 2018 Transneft says that oil loadings from the Black Sea port of Novorossiisk were suspended.

Croatia To Speed Up Building Of LNG Terminal In Adriatic
Friday, February 02, 2018 Croatia will pass a special law to speed up the construction of a LNG terminal in the northern Adriatic, Prime Minister Andrej Plenkovic says.

RIA: Russia's Novatek To Launch Second Yamal LNG Line In September
Wednesday, January 31, 2018 Novatek will launch a second line at its Yamal LNG plant in September.

BP Invests $5MM In Freewire In Electric Vehicle Move
Tuesday, January 30, 2018 BP invests $5 million in US mobile electric vehicle charging company FreeWire.

Russia's Novatek Sells First Gas Condensate Cargo From Yamal LNG
Monday, January 29, 2018 Novatek sells first gas condensate cargo from Yamal LNG.

Gunvor Gets Go-Ahead For Rotterdam Refinery Upgrade For New Shipping Fuels
Thursday, January 25, 2018 The Netherlands has given provisional approval to Gunvor to add a fuel upgrading unit at its Rotterdam refinery.

Russia's TANEKO Oil Refinery Starts Units To Improve Gasoline Quality
Thursday, January 25, 2018 Tatneft started up naphtha hydrotreater and isomerisation units at its TANEKO oil refinery to improve the quality of gasoline it produces.

Russia Notches Up Second Year As Top Oil Supplier To China
Thursday, January 25, 2018 Russia held firm as China's top crude oil supplier in December for the 10th month and racked up its second year as the largest supplier in 2017.

BP Is Said to Weigh Bid for $1.8B Italian Solar Company
Monday, January 22, 2018 BP is considering a bid for one of Italy's largest collection of solar assets, according to people familiar with the matter.

Crumbling Refinery Profits Threaten OPEC-Led Crude Rally
Monday, January 22, 2018 The recent OPEC-led rally in crude prices is hitting refinery profits hard, flashing warning signs over oil's bull run.

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.

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

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.

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.

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.

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.

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.

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.

Europe to Resume Role as Global Gas Sink
Monday, January 08, 2018 Europe will resume its role as a global gas sink from 2018-2020, absorbing surplus volumes of global LNG as supply growth outstrips demand.

Oil Shipments From Georgia's Batumi Port Fall By More Than A Third In 2017
Friday, January 05, 2018 Oil and related shipments from Georgia's Black Sea port of Batumi fell 37.6 percent in 2017.

Russia Stakes Stronger Claim to Growing Chinese Oil Market Through SR-II
Thursday, January 04, 2018 The second Sino-Russia oil pipeline (SR-II) will enable Russia to stake a stronger claim to the growing Chinese crude oil market.

Finland Gives Up Control Of Neste As Stake Drops Below 50%
Thursday, January 04, 2018 The Finnish government donates shares in oil refiner and renewable diesel producer Neste.

Unipec Expands London Oil Trading With Three Ex-Noble Hires -Sources
Thursday, January 04, 2018 China's Unipec is said to have hired 2 former traders from commodity trader Noble Group to join its middle distillates desk in London.

Russia-China Oil Friendship Makes Crude Costlier for Europe
Wednesday, January 03, 2018 Europe's set to be stuck with a higher oil bill as Russia shifts more of its supply to the Chinese oil market.

Borealis Taps Jacobs for Belgium PDH Plant Study
Wednesday, January 03, 2018 Proposed 740-kiloton facility would be one of world's largest PDH plants.

Norway's Pipeline Gas Exports To Europe At Record High In 2017
Tuesday, January 02, 2018 Norway's pipeline gas exports to Europe hit a record high in 2017, exceeding the previous year by almost 7%.

Russia Natural Gas Output Jumps to Record in Expansion Drive
Tuesday, January 02, 2018 Russia's natural gas production rose to its highest ever last year.

Ineos Sees Forties Oil Flows Back To Normal Around New Year
Thursday, December 28, 2017 Britain's biggest and most important oil and gas pipeline Forties should resume normal flows around the new year.

Eni to Collect Used Vegetable Oil from Employees for Biofuel
Friday, December 22, 2017 Eni signs an agreement with Utilitalia and CONOE to boost the collection of used vegetable oil produced in the homes of its employees.

Norway's Supreme Court To Hear Gassled Pipeline Case
Friday, December 22, 2017 The Norwegian Supreme Court will hear an appeal from the owners of Gassled, in a case involving the government's decision to cut pipeline tariffs.

Ukraine And Russia Both Claim Victory In Gas Dispute
Friday, December 22, 2017 Ukraine's Naftogaz and Russia's Gazprom both claimed victory on Friday in a long-running gas dispute

Kemp: Brent Prices Caught In The Calm Before The Storm?
Wednesday, December 20, 2017 Crude oil traders have started to price in the resumption of North Sea shipments, with spot prices stalling and nearby calendar spreads returning to previous levels.