Downstream news
ADNOC enters into formal negotiations with OMV
ADNOC has entered into negotiations with OMV about the potential creation of a new combined petrochemicals holding entity.
TotalEnergies, Aramco and SABIC successfully process oil from plastic waste
For the first time in the MENA region, TotalEnergies, Aramco and SABIC have converted oil derived from plastic waste into circular polymers.
Wood Mackenzie reports growth in RNG market
Renewable natural gas (RNG) saw growth in 2022, with 60 million ft3/d of new production capacity added, according to a new report from Wood Mackenzie.
ExxonMobil announces acquisition of Denbury
ExxonMobil has entered into a definitive agreement to acquire Denbury Inc, a developer of CCUS solutions.
Canadian LNG has potential to meet growing Asian demand
According to Wood Mackenzie, Canada could be positioned to play a significant role in global LNG exports.
EIA reports increase in natural gas deliveries to US LNG export facilities
The US Energy Information Administration (EIA) has reported that natural gas deliveries to US LNG export facilities increased in 1H23.
TotalEnergies and partners to develop the first phase of Rio Grande LNG
TotalEnergies and its partners have made the final investment decision (FID) to develop the first phase of Rio Grande LNG.
Technip Energies invests in Evok Innovation’s Fund II
Technip Energies has announced its investment in Evok Innovation’s Fund II, a tier-one clean technology fund.
EIA forecasts crude oil price increase in 2024
The US Energy Information Administration (EIA) has forecast higher oil prices in 2H23, and into 2024.
Financial close of Cabinda Oil Refinery
Gemcorp, Africa Finance Corp. and Afreximbank have announced the financial close of the Cabinda Oil Refinery with a US$335 million project financing facility.