Downstream News

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Galp Says Little Impact From Portuguese Refineries Strike
Thursday, June 14, 2018 Galp Energia's refineries continued to operate this week with little impact from a strike.

Finland Cuts Stake In Biofuel Firm Neste With $1B Deal
Tuesday, June 12, 2018 Finland says it will sell shares in oil refiner Neste.

Ifax: ExxonMobil Sees Russian LNG Plant's Capacity At 6.2MM T/Year
Thursday, June 07, 2018 ExxonMobil and Rosneft expect their future joint project to produce more than 6.2 million tonnes of LNG per year.

European Refiners Winding Down Purchases Of Iranian Oil
Wednesday, June 06, 2018 European refiners are winding down oil purchases from Iran, company and trading sources say.

Russia's Gazprom Says Loans 2.14B Euro To Turkstream Operator
Monday, June 04, 2018 Russian gas company Gazprom says it would loan up to 2.14 billion euros ($2.5 billion) to its subsidiary South Stream Transport B.V.

Poland Confident Of Meeting 2022 Deadline For Completing Gas Link To Norway
Monday, June 04, 2018 Poland is confident of meeting a 2022 deadline for completing a new Baltic Sea gas pipeline to Norway, a government official says.

Pope To Address Oil Majors In Vatican Climate Conference
Friday, June 01, 2018 The Vatican will host executives of the world's top oil companies for a conference next week on climate change.

Total Keeps Biorefinery Launch On Track Despite Farmer Blockade Threat
Friday, June 01, 2018 Total is continuing talks with farmers opposed to its planned La Mede biodiesel refinery.

French Farmers Threaten To Block Refineries Over Palm Oil Imports
Thursday, May 31, 2018 France's largest farmers' union calls for French oil refineries to be blocked.

Bulgaria Says Will Be Entry Point For Russian TurkStream Gas Link
Wednesday, May 30, 2018 The second line of the TurkStream gas pipeline will be directed to Bulgaria.

Spain's Gas Natural Scraps Plan To Build LNG Terminal In Italy
Wednesday, May 30, 2018 Gas Natural has given up on a long-standing project to build a liquefied natural gas facility in northern Italy.

Flex LNG Steers Away From Floating Units As Challenges Emerge
Tuesday, May 29, 2018 Flex LNG has dropped its interest in operating floating regasification units due to project failures and low returns.

Shipper BW LPG Offers To Buy Dorian LPG In $1.1B Deal
Tuesday, May 29, 2018 Norway's BW LPG is offering to buy competitor Dorian LPG in a $1.1 billion all-stock deal.

France's Total Takes Stake In Russia's Arctic Gas Project
Thursday, May 24, 2018 Total will buy a 10% stake in a Russian Arctic gas project under a deal struck during Emmanuel Macron's visit to Russia.

Polyester, Nylon Clothes May Be Caught in UK Curbs on Plastics
Monday, May 21, 2018 U.K. Chancellor Philip Hammond is being urged to start taxing clothes made from polyester and nylon.

Putin Seeks Common Cause With Merkel Over Trump
Friday, May 18, 2018 Putin says he would stand up to any attempts by US President Donald Trump to block a Russian-German gas pipeline project.

Russia Eyes Petrochemicals As Answer To Crude Oil Reliance
Friday, May 18, 2018 Russian energy companies have been increasingly shifting their focus to petrochemicals in a drive to capitalize on the fast-growing sector.

UK's Top Qatari LNG Importer Seeks To Broaden Supply As Cargoes Slump
Friday, May 18, 2018 South Hook is seeking to broaden its sources of supply as robust Asian demand diverts cargoes from Qatar.

Russian Gas Pipeline To Germany Raises Intelligence Concerns -U.S. Official
Thursday, May 17, 2018 The planned Nord Stream 2 gas pipeline from Russia to Germany raises U.S. intelligence and military concerns.

ClientEarth Files Complaint To Stop Nord Stream 2 In Finland
Monday, May 14, 2018 Environmental campaign group ClientEarth says it had submitted a complaint to a Finnish court seeking to stop the construction of the Nord Stream 2 gas pipeline through Finnish waters.

Vitol Sees Gas And LNG As Key Growth Driver As Oil Demand Peak Looms
Friday, May 11, 2018 Vitol's future growth will increasingly be driven by gas and LNG, especially in emerging markets, as peak oil demand approaches, its head of gas and power investments says.

Sonatrach To Buy Exxonmobil's Augusta Oil Refinery In Sicily
Wednesday, May 09, 2018 Algeria's state energy firm Sonatrach plans to buy ExxonMobil's 175,000 barrel-per-day Augusta refinery in Sicily, Italy.

Nord Stream 2 Gas Pipe Partners Rapped by Polish Regulator
Wednesday, May 09, 2018 Poland opposes the expansion of the major gas link directly from Russia to Germany.

Croatia Seeks Fresh Bids To Supply Future LNG Terminal
Tuesday, May 08, 2018 Croatia issues a fresh tender to provide a ship-based import terminal for a planned LNG terminal on the island of Krk in the northern Adriatic.

Russia's Oil Exports To Europe Decline As Quality Worsens
Tuesday, May 08, 2018 Russia has exported less crude oil to Europe this year as the quality of the fuel on offer deteriorated and tense diplomatic relations prompted it to redirect more volumes to China.

EnQuest: Sullom Voe Oil Terminal Repairs Complete, Brent Pipeline Working
Monday, May 07, 2018 Repairs at Britain's Sullom Voe oil terminal have been completed, operator EnQuest says.

Greece's Gas Company DEPA To Take Part In A Market Test For LNG Terminal
Friday, May 04, 2018 DEPA will take part in a market test for the development of a liquefied natural gas terminal in northern Greece.

Statoil Targets Deeper Emission Cuts To Avoid Stranded Assets
Friday, May 04, 2018 Statoil said it aims to cut its carbon footprint more aggressively as measures to reduce global warming could reduce the value of its assets, leaving some of its reserves stranded underground.

UK Government Publishes Updated Offshore Decommissioning Guidance Notes
Thursday, May 03, 2018 The UK government publishes updated guidance notes for the decommissioning of offshore installations and pipelines.

Incoming BASF Boss Rules Out DowDuPont-Style Break-Up
Wednesday, May 02, 2018 The incoming boss of BASF has thrown his weight behind the chemical titan's contentious strategy of keeping divergent businesses folded into one company.

Russia's Gazprom Takes $3.4B Impairment On Ukraine Legal Dispute
Friday, April 27, 2018 Gazprom took a $3.4 billion impairment in relation to its legal row with Ukraine.

Les Echos: Novatek CEO Says He Believes Total Will Join Arctic LNG 2
Wednesday, April 25, 2018 Total could join Novatek's second large-scale LNG project called Arctic LNG 2 in Russia.

General Electric to Trial World’s Largest Wind Turbine in Britain
Tuesday, April 24, 2018 U.S. conglomerate General Electric will test the world's largest wind turbine in a facility in northeast England.

Britain, South Korea in Talks to Protect Crude Oil Trade
Monday, April 23, 2018 Britain and South Korea are in talks to protect an arrangement of tax breaks for Korean buyers of North Sea crude beyond Britain's upcoming exit from the EU.

Croatia Delays Bidding Round for LNG Terminal Capacity to Late June
Monday, April 23, 2018 Croatia has moved to late June the second round of bidding to use capacity in a planned LNG terminal in the northern Adriatic, the company that manages the project said on Monday.

Nissan to Cut Hundreds of Jobs at UK Plant as Diesel Demand Slides -Source
Friday, April 20, 2018 Nissan will cut hundreds of jobs at its Sunderland plant, Britain's biggest automotive factory, as it tackles declining demand for diesel models across Europe, a source told Reuters.

Now France's Oil Major Is Getting Ready for an Electric Future
Thursday, April 19, 2018 Total's action follows a similar utility acquisition by Royal Dutch Shell Plc in December.

Plastic Makers' Credit Ratings May Be Hit by Pollution Rules
Thursday, April 19, 2018 Plastic packaging makers may be less credit-worthy in the future as governments try to curb marine litter, Moody's Corp. said in a report.

US LNG Gets a Big Cheer in One of Russia's Smaller Neighbors
Thursday, April 19, 2018 One of Russia's European neigbors is fully embracing U.S. liquefied natural gas.

Nord Stream 2 Pipeline Must Balance Interests - German Minister
Monday, April 16, 2018 Germany's aim with respect to the planned Nord Stream 2 pipeline is to enable private infrastructure projects while protecting the justified interests of Ukraine, Economy Minister Peter Altmaier says.

Croatia To Announce Tender Results For Using Planned LNG Plant In Late May
Monday, April 16, 2018 Croatia will announce on May 28 the results of a tender to use capacity at a planned LNG terminal.

Croatia's Krk LNG Terminal Meets Environmental Requirements
Friday, April 13, 2018 A planned LNG terminal on the island of Krk in the northern Adriatic meets environmental requirements, the company leading the project says.

Iran Oil Arrives In Gdansk As Poland Diversifies Supplies
Friday, April 13, 2018 PKN Orlen says that a shipment of 130,000 tonnes of Iranian crude oil has arrived.

Merkel Says Nord Stream 2 Not Possible Without Clarity For Ukraine
Wednesday, April 11, 2018 A gas pipeline planned to run from Russia to Germany through the Baltic Sea cannot go ahead without clarity on Ukraine's role, Merkel says.

Giant Wind Turbines Start to Pay Off and Investors Want More
Tuesday, April 10, 2018 The expanding network of giant windmills in the North Sea - the largest such collection in the world - is turning into a windfall for some bankers helping institutional investors acquire a piece of Europe's renewable-energy market.

Wood Secures Mongstad Refinery FEED Work
Monday, April 09, 2018 Wood is delivering front-end engineering design services for Statoil's Mongstad refinery near Bergen, Norway.

Uniper Monitoring Risks Related To Nord Stream 2
Friday, April 06, 2018 Uniper says it would continue to monitor closely any risks related to Russian gas export pipeline Nord Stream 2.

Gazprom Gets Finnish Approval To Build Nord Stream 2 Gas Pipeline
Thursday, April 05, 2018 Finland has approved the construction of the Nord Stream 2 gas pipeline through Finland's economic zone.

Greece, Paneuropean Oil Agree To Divest In Hellenic Petroleum
Wednesday, April 04, 2018 Greece and Paneuropean Oil and Industrial Holding agree to divest a combined stake of at least 50.1% in Hellenic Petroleum, Greece's biggest oil refiner, via an international tender.

Norway's Gassco To Improve Transparency Of Gas Flows, Outage Reporting
Tuesday, April 03, 2018 Gassco will provide real-time information about gas exiting offshore pipelines at receiving terminals.