Downstream contract news
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.
McDermott awarded EPC contract for fuel tanks in Australia from Puma Energy
Onsite work is scheduled to commence in the first quarter of 2019 with completion scheduled for the third quarter of 2020.
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.
Grace licenses polypropylene technology to Hanwha Total Petrochemical
UNIPOL PP Process Technology will be used for a new 400 000 tpy facility in Daesan, South Korea.
Hastings announces investment in A&L Industrial Services
A&L is a provider of scaffolding, insulation and industrial coating services to refineries, petrochemical plants and LNG facilities.