Downstream news

Pavilion Energy and Chevron have signed a 6-year LNG sale and purchase agreement (SPA) for the supply of approximately 0.5 million tpy of LNG to Singapore from 2023.

Nornickel has announced plans to build a liquefied natural gas (LNG) plant in place of its obsolete nickel factory in the Arctic.

The quantity of LNG to be supplied is approximately 0.84 million tpy.

IHS Markit currently estimates more than 5.2 million bpd of Gulf Coast refining capacity and 730 000 bpd in PADD 2 has been impacted by the winter weather.

Worley will provide early phase engineering services to Chevron’s global downstream projects over a five-year period.

The acquisition, expected to close in 2Q21, deepens Baker Hughes’ industrial asset performance management capabilities.

The US Energy Information Administration expects the US – a net exporter of petroleum in 2020 – to return to being a net petroleum importer on an annual basis in both 2021 and 2022.

Under the initiative, API member companies will commit to applying safety standards, implementing workforce training programmes and participating in performance-improving efforts.

Axens has been selected by NRL to license a naphtha hydrotreating unit, a continuous catalytic reforming unit, a C5-C6 isomerisation unit, and a FCC gasoline selective desulfurisation unit.

Chart Industries has announced the acquisition of Cryogenic Gas Technologies, Inc. for US$55 million in cash.