Downstream news
EIA: US is major energy exporter and importer
The EIA has reported that the US is a major energy exporter and importer, especially for petroleum as it sets new record total energy exports.
CB&I secures contract for Commonwealth LNG facility
CB&I has received a contract award and full notice to proceed from Technip Energies on behalf of Caturus for five full containment concrete LNG storage tanks for the Commonwealth LNG project, Louisiana, US.
Clariant catalysts deliver strong performance at Yihua formaldehyde plants in China
Clariant have announced the successful operation of its FAMAX formaldehyde catalysts at two world-scale production facilities operated by Yihua Group in China, at two formaldehyde plants.
Aramco and Emerson collaborate on strategic corrosion R&D
Emerson have announced it will co-develop next-generation corrosion management solutions for the Saudi Arabian Oil Co. (Aramco).
Inter Terminals granted extended environmental permit
Inter Terminals has now been granted an extended environmental permit for waste handling, enabling the storage and handling of feedstock for second-generation biofuels.
Aramco and PETRONAS announce transfer of full ownership of PRefChem to PETRONAS
Aramco and PETRONAS have announced the signing of an agreement for the transfer of Aramco’s equity stakes in Pengerang Refining Co. and Pengerang Petrochemical Co. to PETRONAS.
Loganair signs 15-year SAF offtake agreement with ClimaHtech Green Flight
Loganair and ClimaHtech Green Flight have announced a 15-year sustainable aviation fuel offtake agreement, supporting the long-term decarbonisation of regional aviation in the UK.
GlobalData: pace of renewables investment by oil and gas majors has moderated
Renewables are expected to account for more than 40% of the global power generation by 2030, GlobalData has reported.
Eni signs long-term supply agreements in Indonesia
Eni has signed three long term agreements with the LNG sellers of South Hub and North Hub gas projects for the purchase of LNG in Indonesia.
Wood Mackenzie: Strait of Hormuz closure risks greatest global energy supply shock in decades
Oil prices could reach US$200/bbl in worst-case scenario as more than 11 million bpd of Gulf crude and condensate supply remains curtailed, Wood Mackenzie has reported.