Downstream news
JTC recommends extending production adjustments to end 2020
In light of the coronavirus epidemic, the Minister of Energy of Algeria and President of the OPEC Conference in 2020 has recommended extending voluntary production adjustments.
Hengli Petrochemical cuts refinery operations
Reuters reports that Hengli Petrochemical has cut its refinery operations to 90% in light of falling demand.
Rio Grande LNG receives non-FTA export authorisation
NextDecade has announced that the Rio Grande LNG project has received non-FTA export authorisation from the US DOE.
Seeq Corp. secures funding
Saudi Aramco Energy Ventures (SAEV), the corporate venture subsidiary of Saudi Aramco, leads the latest expansion round of funding.
INEOS named principal partner of Mercedes-AMG Petronas
INEOS has been named as the new principal sponsor of Formula One team Mercedes-AMG Petronas.
MAN Energy Solution launches open initiative for digital data integration and collaboration
The new digital platform mýa provides asset owners with a single, secure interface to data from multiple equipment manufacturers.
BP’s Downstream Chief Executive to leave
BP has announced that the Chief Executive of its Downstream segment, Tufan Erginbilgic, has decided to leave the company at the end of March 2020.
INKY accepted into ONG-ISAC
INKY announces new strategic collaboration with oil and natural gas-ISAC to strengthen security against cyber threats.
BPGIC signs land lease agreement with Fujairah Oil Industrial Zone
BPGIC announced that it intends to use the land to further increase its capacity for storage and refinery services.
Interview with former COO of Stanlow refinery
In an interview with BGS Group, Paddy Padmanabhan, former COO of Essar Oil Stanlow refinery, explains why the first step of digitalisation is underway.