Downstream contract news
PJSC Nizhnekamskneftekhim and Haldor Topsoe sign methanol unit contract
The new methanol unit is expected to make the isoprene facilities more efficient and reduce production costs.
Par Pacific closes acquisition of US Oil & Refining Co.
Par Pacific acquires US Oil & Refining Co. and certain affiliated entities for US$358 million plus working capital.
Kemira forms chemicals JV in South Korea
NewCo will produce dry polyacrylamide and cationic monomer A9 among other chemicals.
BP to expand petrochemical presence in South Korea
BP and Lotte have agreed a major expansion of production capacity at their JV Lotte BP Chemical Co. Ltd facility in Ulsan, South Korea.
Husky Energy considering sale of non-core downstream assets
The company will potentially sell its Canadian retail and commercial fuels business and its Prince George Refinery.
BP Energy Partners gains controlling interest in Cryopeak LNG Solutions
Cryopeak will become a portfolio company in BP Natural Gas Opportunity Partners II.
Enstor acquires Colorado natural gas storage facility
Affiliate of ArcLight Capital Partners has acquired the East Cheyenne facility.
Bilfinger, Teknokon awarded maintenance and repair services framework agreement by Tupras
The companies will carry out work at Tupras’ Izmir refinery.
TEN Ltd announces 36-month market-related charters for two product tankers
The two fixtures combined are expected to generate US$33.0 million of gross revenues.
Sphera acquires Petrotechnics to enhance end-to-end operational risk solution
Terms of the deal were not disclosed.