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The latest downstream news

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Motiva Enterprises set for growth

Following announcements at the Saudi-US CEO Forum, Motiva Enterprises has confirmed it has set plans to become the safest and most profitable downstream business in the US.

Caspian Sunrise finalises merger

Caspian Sunrise has announced that it expects all conditions for the merger and the associated capitalisation of the Vertom loan, will be concluded by 1 June 2017.



Oil production cuts to continue

OPEC and non-OPEC countries have agreed to extend production cuts by a further nine months, following a meeting in Vienna, Austria.

 
 

Chart receives major order

Chart Cooler Service Company Inc. has received an order for natural gas compression equipment.

KBR forms JV with BIV

KBR has announced its return to Malaysia with its joint venture with BIV Builders.


More hydrocarbon news updates

 
 
 

MCAA launches new website

The Measurement, Control and Automation Association has launched a new logo and website.

 

STS transfer agreements signed

Koch Supply & Trading, JOVO, MISC and Teekay Marine Solutions have announced the signing of a pioneering deal in LNG ship-to-ship transfer.

 
 
 
 
 
 
 
 
 
 
 
 
 

ADNOC signs agreement with Penthol

ADNOC has signed an exclusive agreement with Penthol for Group III base oil sales into the USA through the Vertex-Penthol Partnership.

 
 
 

OPEC oil revenues at 13 year low

According to the US EIA, net oil revenues from oil producing and exporting countries (OPEC) in 2016 were the lowest they have been since 2004.

 
 

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