Downstream news
Wood Mackenzie: China’s crude reserves to reach 1.15 billion bbl
Wood Mackenzie analysis has revealed that China’s crude stock could reach 1.15 billion bbl in 2020.
Gazprom Neft completes hydrotreatment modernisation project
Gazprom Neft has announced the completion of the modernisation of its diesel hydrotreatment facility in Omsk, Russia.
Gasum delivers biogas to Forchem
Gasum has announced an agreement with Forchem for the supply of LBG to a tall oil biorefinery in Finland.
CIRCOR announces new manufacturing facility in China
CIRCOR has announced that it plans to build a new manufacturing facility in Weihai, China.
Clariant and Floreon announce biopolymer collaboration
Clariant and Floreon will collaborate to develop and market biopolymers.
Emerson releases new corrosion monitoring software
Emerson has announced the latest version of its software for the monitoring of corrosion in hydrofluoric acid alkylation units.
Marathon Petroleum names new President and CEO
Michael J. Hennigan has been appointed to the position of President and CEO of Marathon Petroleum Corp.
Up to 3 million bpd of extra oil could hit market from April
Rystad Energy has reported on the 3 million bpd of extra crude which can hit the market from April, with more coming in May.
ExxonMobil explores capital and operating expense reductions
ExxonMobil has announced that it is evaluating significant capital and operating expense reductions in the near-term due to COVID-19.
ClassNK appoints new President & CEO
ClassNK has announced the appointment of a new President & CEO and executives.