Downstream news

Highlighting strong profits despite a challenging macro environment, Saudi Aramco has released its 2019 financial results.

TechnipFMC has declared that it will delay its separation into two companies due to the COVID-19 coronavirus pandemic and current market conditions.

GlobalData has reported that Asia is set to lead global polyethylene capacity additions by 2024.

Honeywell UOP has announced that Zhejiang Petrochemical will use its technology for the largest petrochemical project in China.

Preem has selected Haldor Topsoe renewable fuels technology to produce diesel and jet fuel at its Gothenburg refinery.

Rystad Energy has estimated that oil prices could fall to US$20 as OPEC+ is capable of increasing production by 2.5 million bpd.

GlobalData has reported that 4Q19 saw merger and acquisition deals worth US$1.75 billion in the UK.

Maire Tecnimont has announced that its main subsidiaries have been granted contract awards for a total amount of €220 million.

MPL has awarded a FEED contract to Technip USA for an LNG export facility on the west coast of Mexico.

Gazprom Neft has announced that it is installing a new integrated refining process management system at its Omsk Refinery.