Downstream news

ADNOC has announced that it has formally closed the acquisition of a 24.9% shareholding in OMV AG (OMV), a global energy and chemicals group.

The US was again the largest supplier of LNG to Europe (EU-27 and the UK) in 2023, accounting for nearly half of total LNG imports.

Infinium’s Project Roadrunner has received the 2023 Project Investment of the Year – US Award at the SAF Investor London 2024 event.

Southwest Airlines Co. has launched Southwest Airlines Renewable Ventures (SARV), dedicated to creating more opportunities for scalable sustainable aviation fuel (SAF).

Repsol is supplying 100% renewable fuels to cover part of the energy needs on the Gabriel de Castilla Base run by the Spanish terrestrial army during the four months of the Antarctic Campaign.

TotalEnergies has signed a sale and purchase agreement (SPA) with Sembcorp Fuels, a wholly owned subsidiary of Singapore-based Sembcorp Industries, for the delivery of LNG.

Rayonier Advanced Materials Inc. (RYAM) and Verso Energy have entered into a Memorandum of Understanding (MoU) to explore e-SAF.

The American Petroleum Institute (API) has urged the US Environmental Protection Agency (EPA) to reject the California Air Resources Board (CARB) request to implement new regulations that would ban the sale of new gasoline-powered vehicles by 2035.

The American Petroleum Institute (API) has urged the Biden Administration to prioritise production of hydrogen of all types and feedstocks – including blue hydrogen produced from natural gas – to drive a lower carbon future.

A Wood Mackenzie report suggests that Qatar will play pivotal role in LNG markets for decades.