Downstream news
Increased demand and low inventories drive US distillate prices higher
Rising crude oil prices, low refinery production, and increased consumption of distillate fuel have contributed to the highest nominal (not adjusted for inflation) distillate prices since 2014, reports the EIA.
Eni and the Republic of Benin ink agreement
Eni and the Republic of Benin have signed a cooperation agreement to develop joint initiatives on the agro-industrial chain, for biorefining use.
Phillips 66 completes Phillips 66 Partners acquisition
Phillips 66 has announced the completion of the previously announced merger between Phillips 66 Partners (PSXP) and Phillips 66.
Advanced Petrochemical announces loan agreement
Advanced Polyolefins Industry Co. has signed a loan agreement with the Saudi Industrial Development Fund (SIDF).
Worley announces withdrawal from Russia
In a short statement, Worley confirmed that it has started the safe withdrawal of its services provided in and into Russia.
AFPM: the role of US refiners in the global market
In a recent blog post, the AFPM explained why participating in the global energy market is critical for the US.
Venture Global selects Honeywell technologies
Venture Global LNG will use a series of Honeywell UOP technologies to remove various contaminants from natural gas prior to liquefaction at its LNG export facility.
hte wins A*STAR hardware tender
hte has been awarded a tender for the provision of a very flexible high throughput solution to A*STAR.
Chart Industries granted LNTP for LNG project
Chart Industries Inc. has received additional limited notice to proceed for Cheniere’s Corpus Christi Stage Three LNG export terminal project.
Cheniere signs EPC contract with Bechtel
Cheniere Energy Inc. has entered into a lump sum, turnkey EPC contract with Bechtel for the Corpus Christi Stage III Project.