Downstream news

Saudi Aramco and Total have announced an agreement with Daelim to build a new polyisobutylene facility.

The 95 m reactor will be installed at Dangote Oil Refinery.

Wood Mackenzie comments on the US’s decision to curb the Maduro government’s access to cash from crude exports.

Despite a tense and dynamic market, the flow of oil products and natural gas cargos remained at almost the same level during 2018 as 2017.

Under the terms of the agreement, NGL will acquire 100% ownership of five propane rail terminals operated by Gas Supply Resources, and 50% ownership interest in a sixth propane rail terminal.

Assets include a refinery with a capacity to process approximately 110 000 bpd of light crude.

The new units of this expansion project will be integrated into the existing facilities at the refinery.

On the first day of its 20th Annual Meeting in Florence, Italy, Baker Hughes, a GE company, announced its commitment to reduce its carbon dioxide equivalent emissions 50% by 2030, achieving net-zero CO2 equivalent emissions by 2050. 

New research from Wood Mackenzie suggests that future project opportunities for floating LNG (FLNG) are in short supply.

With record refinery throughput, total petroleum inventories built to within 2.6% of the maximum of the 5-year historical range.