Downstream news

The US Energy Information Administration (EIA) has forecast higher oil prices in 2H23, and into 2024.

Gemcorp, Africa Finance Corp. and Afreximbank have announced the financial close of the Cabinda Oil Refinery with a US$335 million project financing facility.

Jake Garber, Doug Keller and Chad Hollier, N2 Solutions, highlight the logistical challenges that were overcome in order to secure success in the commissioning and start-up of a world-scale ethane cracker.

Berkshire Hathaway Energy has announced it will purchase Dominion Energy’s 50% limited partnership stake in the Cove Point LNG, LP business.

Pinnacle has announced the expansion of its Dos Picos system and processing complex in the US, with the construction of an additional natural gas processing plant, Train II.

Technip Energies and LanzaTech Global, Inc. have signed a joint collaboration agreement to create a new pathway to sustainable ethylene.

Centrica and Delfin Midstream Inc. have announced the signature of a sales and purchase agreement (SPA) for 1 million tpy of LNG.

Gordon Cope, Contributing Editor, places a spotlight on the current status of the oil and gas sector in Sub-Saharan Africa, and touches on several factors that are limiting the region’s prosperity.

According to the annual Refinery Capacity Report by the US Energy Information Administration (EIA), US refining capacity increased this year for the first time since the COVID-19 pandemic.

Agreements have been signed between TotalEnergies and SONATRACH, strengthening the delivery of LNG to Europe.