Downstream news
Preem selects Topsoe technology for renewable fuels plant
Preem has selected Haldor Topsoe renewable fuels technology to produce diesel and jet fuel at its Gothenburg refinery.
Oil prices could fall to US$20 says Rystad Energy
Rystad Energy has estimated that oil prices could fall to US$20 as OPEC+ is capable of increasing production by 2.5 million bpd.
UK oil and gas industry M&A deals worth US$1.75 billion in 4Q19
GlobalData has reported that 4Q19 saw merger and acquisition deals worth US$1.75 billion in the UK.
Maire Tecnimont announces €220 million contract awards
Maire Tecnimont has announced that its main subsidiaries have been granted contract awards for a total amount of €220 million.
MPL finalises FEED contract with Technip USA
MPL has awarded a FEED contract to Technip USA for an LNG export facility on the west coast of Mexico.
Gazprom Neft installs new process management system
Gazprom Neft has announced that it is installing a new integrated refining process management system at its Omsk Refinery.
Feed gas introduced to Freeport LNG Train 3
McDermott, Chiyoda and Zachry Group have announced the introduction of feed gas to Train 3 at the Freeport LNG project.
Wood Mackenzie predicts possible oil industry shake-up
Wood Mackenzie has predicted that “brutal” cost-cutting may be ahead if oil prices remain low as the coronavirus outbreak affects demand.
Axens awarded a bioethanol agreement by INA
INA has awarded Axens a license agreement for its advanced bioethanol production project in Croatia.
Pavilion Energy and SLNG sign LNG agreement
Pavilion Energy and SLNG have signed a five-year storage and reload services agreement in Singapore.