Downstream news
Update on German LNG Terminal
Gasunie and the Kreditanstalt für Wiederaufbau have signed a Memorandum of Understanding to take the project into a next phase and start the joint construction of the LNG terminal.
IEA confirms collective action to release oil stocks
The IEA Governing Board has confirmed that IEA Member Countries have released 61.7 million bbl of oil stocks.
AFPM backs suspension of Russian petroleum imports
AFPM President and CEO Chet Thompson has written a letter confirming AFPM’s position on petroleum imports from Russia.
VEGA introduces simple radar formula for better refining processes
VEGA has ushered in a new era of radar level measurement with the VEGAPULS 6X radar sensor.
BASF builds new plant for alkylethanolamines
BASF has announced that it will build a new world-scale production plant for alkylethanolamines at the Verbund site in Antwerp, Belgium.
INEOS Aromatics modernises PTA facility
INEOS Aromatics has completed the US$70 million modernisation of a PTA facility in Merak, Indonesia, which significantly reduces emissions and increases capacity.
Global markets count cost of Russian invasion
Wood Mackenzie analyses the risks to commodities and corporate exposure, as well as the wider economic fallout of Russia’s invasion of Ukraine.
Energy sector becomes UK’s top target for cyberattacks
IBM Security’s ‘2022 X Force Threat Intelligence Index’ reveals that the energy industry accounted for 24% of all cyberattacks in the UK last year.
Energy transition accelerating
New research from DNV reveals that optimism is surging as the global energy industry fully-focuses on transition.
Global Energy Storage closes investment in the Port of Rotterdam with Gunvor Group
Global Energy Storage has successfully closed the transaction to acquire part of the Stargate Terminal from Gunvor Group in Europoort, Port of Rotterdam, the Netherlands.