Downstream news
Xodus Group releases new global energy demand analysis
Xodus Group has published a new analysis highlighting the need for a drastic shift to natural gas in order to keep up with rising energy demand.
BP withdraws from three trade associations
BP has announced that it is withdrawing its membership from American Fuel and Petrochemical Manufacturers (AFPM), the Western States Petroleum Association (WSPA) and the Western Energy Alliance (WEA).
BPGIC and Fujairah Oil Industrial Zone sign land lease agreement
BPGIC has announced that it has recently signed a land lease agreement with UAE’s Fujairah Oil Industrial Zone.
Hempel makes senior appointment
Hempel has appointed Katarina Lindström as its Executive Vice President and Chief Operating Officer.
Exmar receives cash collateral
Exmar has announced that the Bank of China has released US$40 million from the debt service reserve account, under the loan facility for Tango FLNG.
L.A. Turbine commissions turboexpander
L.A. Turbine has commissioned its second ARES Active Magnetic Bearing (AMB) Turboexpander-Compressor within a cryogenic natural gas processing plant in Texas, US.
Nigeria leads in African new-build refining capacity growth
GlobalData has reported that African new-build refining capacity growth is to be led by Nigeria by 2024.
Aramco Trading opens London office
Aramco Trading Company has broadened its European presence with the establishment of a London office.
Chart, ExxonMobil and Indian Oil sign letter of cooperation
Chart Industries Inc. has signed a letter of cooperation with ExxonMobil India LNG Ltd and Indian Oil Corp. focused on pioneering virtual pipelines to accelerate gas access in India.
PKN ORLEN licenses Honeywell technology for phenol production
Honeywell has announced that its technology has been selected by PKN ORLEN for a new phenol complex in Poland.