Downstream news

The EIA reports that US crude oil exports established a record in 2023, averaging 4.1 million bpd.

TotalEnergies is joining seven major companies to create an international coalition supporting the development of production and use of e-natural gas.

Fortescue, with the support of the Maritime and Port Authority of Singapore (MPA), has successfully conducted the world's first use of ammonia, in combination with diesel in the combustion process, as a marine fuel.

A new report from the Energy Industries Council (EIC) highlights the infancy of the global SAF market, ambitious 2030 targets, and the imperative of government support.

HIF Global, Idemitsu Kosan and Mitsui O.S.K. Lines, Ltd have announced an agreement to develop an eFuels supply chain between HIF facilities and Japan.

TotalEnergies has signed an agreement to acquire 100% of Talos Low Carbon Solutions (TLCS), a company focused on carbon capture and storage.

Idemitsu Kosan Co., Ltd. has announced its strategic investment and partnership with Jet Zero Australia.

Technip Energies, leader of a consortium with GE Vernova, and construction partner, Balfour Beatty, has received a Letter of Intent from BP, on behalf of NZT Power Ltd for the execution phase of the Net Zero Teesside Power project.

Texas LNG, a subsidiary of Glenfarne Energy Transition, LLC, has received sufficient expressions of interest from leading project finance banks to move to the execution phase of project financing.

Nancy Yamaguchi, Contributing Editor, discusses US economic recovery, the gradual control of fuel prices and the long-term oil market outlook.