Downstream news

Golar LNG has signed finance lease agreements for FLNG Gimi with a consortium of Chinese companies.

Worley has announced a collaboration with NVIDIA to unlock value with generative AI and enhance the oil and gas industry.

Braskem Siam, a joint venture between SCGC and Braskem, has partnered with Mitr Phol Bio Fuel to accelerate the agricultural ethanol supply for Asia’s first bio-ethylene production.

LyondellBasell and Covestro have announced the permanent closure of PO11 unit at Maasvlakte in the Netherlands.

Wood Mackenzie has published a new report, titled, ‘Shining a light on the ‘coal versus LNG emissions’ debate’. The analysis reveals the lifecycle emissions of US LNG are typically around 48% of the coal equivalent.

CTCI has won the EPC bid for the LNG storage tanks at Kaohsiung Intercontinental Terminal, Taiwan.

Tepsa has constructed a new tank storage terminal, building a sustainable future in Andalusia, Spain.

Arc Resources Ltd has announced a long-term sale and purchase agreement With ExxonMobil for the supply of LNG.

thyssenkrupp Uhde has been selected for Elyse Energy’s biomass-to-SAF project in France.

Oil prices are likely to be lower in 2025 than the previous year according to a report from Wood Mackenzie.