
More oil and gas industry announcements: 26 February 2015
Further oil and gas industry announcements from around the world.
Stay up to date with the latest news and updates from the downstream industry.

Further oil and gas industry announcements from around the world.

The US EIA has commented on how the rise in salt cavern storage capacity for natural gas has offset the declines in other capacities.

According to BMI, Total's downsizing of its Lindsey refinery will help reduce gasoline oversupply in the UK.

Consumer Watchdog has said that California refinery profits have fattened on 60 cents gas price spike since shutdowns and slowdowns.

Saudi Arabia intends to be the biggest exporter of refined oil products after the US, according to Oil Minister Ali al-Naimi.

Fitch Ratings have said that there is a broad cross sector impact evident in sustained US$50/bbl oil price scenario.

Respol’s strong performance was supported by the start of production in strategic projects and by the good result of the downstream unit.

Some of the latest announcements from the global oil and gas sector.

The European Commission has released a factsheet outlining the aims and benefits of the Energy Union.

Frost and Sullivan have found that customisation is the key to success in the Chinese process gas compressors market.

Cordant Technical & Engineering has opened an office in Aberdeen to meet growing demand among oil and gas companies.

With low oil prices, the oilsands region's cash flows will fall by US$23 billion in 2015 and 2016 combined, according to Wood Mackenzie.