Downstream news

While unplanned downtime will always impact productivity and profitability in an oil refinery or petrochemical plant, the effects often have implications that reach beyond the financial. Safety is critically important, but so is environmental efficiency.

ICIS reports that at least 6.6 million tpy of Europe’s ethylene production capacity is threatened by oil refineries running at reduced rates or ceasing production.

PGNiG has sold the first two LNG cargoes from the reloading station in Klaipeda, Lithuania.

OPEC producers and its allies have agreed a record deal to cut oil output in light of the coronavirus pandemic.

The April issue of Hydrocarbon Engineering is now available online!

Koch-Glitsch evaluates the available tray technologies for pressure distillation towers.

Continued production and collapsing demand means that the US is set to fill one third of its available crude storage in April, according to Rystad Energy.

GlobalData has reported that the US will drive North America to reach a total refining capacity of 25.8 million bpd in 2024.

Due to the ongoing coronavirus pandemic, dmg::events has decided to reschedule the Global Energy Show to 8 – 10 June 2021.

ExxonMobil has announced reductions in 2020 capital spending by 30% and cash operating expenses by 15% in response to low prices and COVID-19.