Downstream news

PIF Energy has announced a planned US$2 billion investment to acquire up to 15 crude oil tankers, adding seaborne transport capacity at a time when disruption around the Strait of Hormuz and tight refined-product markets are intensifying the global fuel crisis.

NorSAF has agreed to collaborate with Nova Pangaea Technologies to develop an advanced ethanol production plant in Latvia to supply NorSAF’s SAF facility.

Société Africaine de Raffinage (SAR) has signed an agreement with Yamata for the construction of a second refinery of 4 million tpy and the modernisation of the Mbao refinery, Senegal.

The construction of the fourth LNG storage tank at the Gate terminal in Rotterdam, the Netherlands, has been completed as scheduled.

US propane exports increased to 2 million bpd in 1H26, 11% more than during the same period in 2025, the US EIA has reported.

The range of plausible outcomes has widened substantially for the global energy system, according to McKinsey & Company’s Global Energy Perspective 2026.

NextDecade has received the permit from the US Army Corp of Engineers for the Rio Grande LNG Train 6 expansion project.

Dangote Petroleum Refinery and Petrochemicals FZE has selected Honeywell Technologies to provide process technologies, licensing, engineering services, proprietary catalysts, equipment, and digital solutions for its planned 700 000 bpd refinery in Kenya.

Technip Energies has been awarded contracts by Petkim, a subsidiary of SOCAR, in connection with the development of a proposed integrated petrochemical complex in Aliaga, Türkiye.

Ed Crooks, Wood Mackenzie, considers how diesel export restrictions could impact the refining industry and lead to higher fuel costs for most Americans.