Downstream news
Qatargas and BASF ink agreement
Qatargas and BASF sign gas treating technology license agreement for LNG trains.
Cameron LNG reaches final commissioning stage
Cameron LNG has begun pipeline feed gas flow to the first liquefaction train of its liquefaction-export project.
Rotork awarded crude oil storage contract
Rotork actuators have been chosen to increase the number of wirelessly controlled actuators at a liquid storage provider in the UK.
The US exported 2 million bpd of crude oil in 2018
EIA research has found that 2 million bpd of crude oil were exported in 2018 to 42 destinations.
Aramco purchases stake in Hyundai Oilbank, South Korea
Saudi Aramco will acquire a 17% stake in South Korea’s Hyundai Oilbank for approximately US$1.25 billion.
MOL Group acquires Aurora Group
The signing of a sales-purchase agreement by MOL to acquire Aurora signals MOL’s entry into recycled plastic compounding.
Brightmark Energy completes financing for plastics-to-fuel plant
Brightmark Energy closes US$260 million in financing for the US’ first commercial-scale plastics-to-fuel plant.
Marathon Petroleum Corp. expands in Buffalo, New York
Marathon Petroleum Corp. to acquire a terminal and retail locations in Buffalo, New York.
Tube Tech International receives EU funding
A consortium led by Tube Tech International has received Horizon 2020 SME Instruments funding to develop flow technology for shell-and-tube heat exchangers.
Woodside opens new LNG truck loading facility
The LNG facility in Karratha, Western Australia, is a key milestone in the development of a local LNG market.