Downstream news

Asiko Energy Holdings Ltd has marked the completion of the first phase of its tri-fuel terminal in Ijora, Lagos, Nigeria.

Venture Global, Inc. and ConocoPhillips have announced a new, long-term sales and purchase agreement for 1 million tpy of LNG.

KBC (A Yokogawa Company) has announced the launch of Petro-SIM® 7.7, an advanced process simulation, optimisation, and digital twin platform for engineers and safety specialists working across the refining, petrochemical, chemical, and process industries.

The US Energy Information Administration (EIA) has released its latest Short-Term Energy Outlook (STEO).

JERA Co., Inc. has established JERA OIL STORAGE Co., Inc. as a dedicated operating company to manage the operation of national petroleum stockpiling bases currently operated by JERA under a joint contracting arrangement with JOGMEC.

Baker Hughes has announced the signing of two strategic agreements to accelerate the revitalisation of Venezuela’s energy infrastructure across the natural gas value chain and expansion of the country’s energy production.

Wood Mackenzie has reported that Johan Sverdrup Crude hits record US$24/bbl premium to Brent as Saudi pipeline suspension tightens European medium-sour supply.

KBC (A Yokogawa Company) has announced the launch of Multiflash® 7.7, the latest version of its thermodynamic and PVT modelling software for complex fluids.

ADNOC has signed a multi-year sales and purchase agreement with Gulf Group for the supply of up to 2 million t of LNG into Asia.

Perpetual Next and Lhyfe are set to explore the potential long-term supply of renewable hydrogen to a new biomethanol facility in Delfzijl, the Netherlands.