Downstream news
Par Pacific closes transaction with Island Energy Services
Par Pacific paid US$45 million for the refining assets plus additional amounts for certain hydrocarbon and non-hydrocarbon inventory.
Engro closes deal with Royal Vopak for shareholding in Elengy Terminal
Engro Corp. has sold 24% and IFC has sold 5% shares in ETPL to Vopak LNG Holding B.V.
Metso embraces 3D printing
Metso has shipped its first valves with 3D printed parts to a customer.
Intero deploys tank inspection robot
Intero Integrity Services has deployed a tank inspection robot in collaboration with Vopak.
ScanOcean to resell Neste’s low-sulfur bunker fuel on the East Coast of Sweden
Neste and ScanOcean AB enter into cooperation in delivering Neste’s low-sulfur marine fuel
ADNOC and Cepsa award first Ruwais Derivatives Park contract
The LAB project is the first of the derivative units to be advanced under ADNOC’s AED165 billion Ruwais downstream investment programme.
Buckeye Partners announces closing of sale of domestic pipeline and terminal assets
Action previously announced as outcome of strategic review.
Cheniere and Petronas sign LNG sale and purchase agreement
Petronas LNG will purchase 1.1 million tpy of LNG from Sabine Pass Liquefaction.
McDermott awarded two polypropylene technology contracts in India
Indian Oil Corp. has awarded McDermott the license and basic engineering design of two polypropylene plants.
US chemical production edged higher in November, says ACC
The US CPRI rose by 0.2% in November, following a 0.5% decline in October and a 0.2% decline in September.