Downstream news
EIA: crude oil processing in China hit a record high in 2023
The EIA reports that crude oil processing, or refinery runs, in China averaged 14.8 million bpd in 2023, an all-time high.
NEXTCHEM to acquire 100% of GasConTec Gmbh
MAIRE has announced that NEXTCHEM has signed a binding agreement to acquire 100% of GasConTec Gmbh (GCT), a company specialised in technology development and process engineering.
ESG Clean Energy reaches new milestone
ESG Clean Energy has announced that it has reached a milestone of 99% efficiency in its carbon capture water removal system.
Neste launches solution for businesses to reduce their aviation emissions
Neste has launched its new emission reduction solution, Neste Impact, for businesses looking to reduce the carbon footprint of their air travel and transport activities.
New Fortress Energy places Barcarena LNG terminal into operation
New Fortress Energy Inc. has announced that its Barcarena LNG terminal located in Pará, Brazil, is now operational with the Energos Celsius FSRU on site.
GlobalData: geopolitics and supply chain dynamics to dictate oil and gas outlook
GlobalData’s ‘Top 20 Oil & Gas Themes 2024’ report reveals the leading themes that could have a significant impact on oil and gas operations in 2024.
TotalEnergies and Bapco Energies join forces in petroleum products trading
TotalEnergies and Bapco Energies are joining forces in petroleum products trading in Bahrain.
API believes final RMP Rule undermines safety
The American Petroleum Institute (API) has released a statement on the US Environmental Protection Agency (EPA)’s final Risk Management Plan (RMP) Rule.
ADNOC closes acquisition of 24.9% stake in OMV
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.
EIA: US remained the largest LNG supplier to Europe in 2023
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.