Downstream news
Becht acquires EPS Customer Solutions
Through the addition of EPS Customer Solutions, Becht is establishing a broader physical presence in the EMEA region in order to provide support for the refining and petrochemical industries.
ExxonMobil begins restarting Beaumont refinery
The Beaumont refinery in Texas, US, is starting up after a shutdown prompted by severe cold weather.
IEnova inaugurates refined products storage terminal in Veracruz
The terminal has the capacity to store more than 2 million bbl of gasoline, diesel and jet fuel.
Pavilion Energy and Chevron sign LNG agreement for Singapore
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 to build LNG plant to cut emissions
Nornickel has announced plans to build a liquefied natural gas (LNG) plant in place of its obsolete nickel factory in the Arctic.
Woodside and RWE sign LNG supply agreement
The quantity of LNG to be supplied is approximately 0.84 million tpy.
IHS Markit: Storm Uri impacts nearly 6 million bpd of refining capacity
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.
Chevron awards Worley engineering services contract
Worley will provide early phase engineering services to Chevron’s global downstream projects over a five-year period.
Baker Hughes acquires ARMS Reliability
The acquisition, expected to close in 2Q21, deepens Baker Hughes’ industrial asset performance management capabilities.
EIA forecasts US will import more petroleum than it exports in 2021 and 2022
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.