Aramco has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for US$500 million.
The latest downstream news
Neste has expanded its capability to supply renewable fuels to customers on the West Coast of the US, in cooperation with Vopak.
Delays at the Panama Canal because of low water levels are causing very large gas carrier (VLGC) rates to reach record highs, increasing the cost of shipping LPG.
Kuwait’s oil exports are shifting from crude oil to refined petroleum products following the addition of new refining capacity, according to data from the EIA's Country Analysis Brief: Kuwait.
Samsung Engineering has received the NoA (Notice of Award) for the FEED contract for a petrochemical plant from Alujain National Industrial Co. (LNIC) in Saudi Arabia.
KBC (A Yokogawa Company) has announced the launch of Petro-SIM® 7.4 simulation software for the oil and gas, renewables, and process industries.