Downstream news

A wave of new LNG supply could reverse a decade of European industrial decline, cutting annual energy costs by €39 billion by 2032 according to Wood Mackenzie's latest Horizons report.

The American Petroleum Institute (API) recently convened its annual State of American Energy event, bringing together industry leaders, policymakers and market analysts to examine the forces shaping the US’s energy future.

VARO Energy has announced that it has completed the Preem AB acquisition, marking the delivery of VARO Energy’s 2022 ONE VARO Transformation strategy by creating VAROPreem.

L&T Onshore has won a large order from Petronet LNG for the construction of additional storage at the Dahej Petrochemical Complex in Gujarat, India.

In the latest issue of EnviroTech (a supplement to Hydrocarbon Engineering), Nicolas Carrara, Juan Ruiz, and Carlos Ruiz, KBC (A Yokogawa Company), explore the challenges of industrial scale deployment of green hydrogen and how advanced technologies can help operators to cross the chasm.

Ammobia has raised US$7.5 million to scale its low-cost ammonia production technology which has the potential to be critical to energy resilience.

Econotherm has announced that it has been awarded a contract exceeding €3 million for the supply of three fired heater air pre-heaters in a Rotterdam-based refinery, the Netherlands.

TotalEnergies and Bapco Energies have launched BxT Trading, an equally owned trading joint venture backed by flows from Bapco Energies’ Refinery.

EIA expects that the US benchmark natural gas spot price at the Henry Hub to decrease about 2% to just under US$3.50 per million Btu in 2026 before rising sharply in 2027 to just under US$4.60 million Btu.

Aether Fuels has announced new leadership appointments and US$15 million in additional funding that will help accelerate the company’s momentum toward full commercialisation.