Downstream news
OPITO appoints director to support global skills development
OPITO has appointed Mark Cullens to the new role of director of strategic development.
Par Pacific to buy select refining assets from IES
Par Pacific will purchase certain units from IES following IES's announcement of the cessation of their refining operations.
Wood awarded large strategic modifications contracts by Equinor for Norwegian refinery
Wood has secured two new strategic modifications contracts with Equinor for the Mongstad refinery near Bergen, growing its downstream capability in Norway.
Kuwait and Nigeria will lead Middle East and Africa LNG growth
A report by GlobalData suggests that Kuwait and Nigeria will be growth engines of regional LNG industry between 2018 and 2022.
EBK announces equipment investment as confidence returns to oil and gas
EBK has announced a multi-million euro investment in new measurement and expansion technologies for its steel pipe products.
NextDecade agrees to sell convertible preferred stocks to funds managed by BlackRock
NextDecade has agreed to sell series B convertible preferred stock to funds managed by BlackRock.
Production shutdowns and dip in operating rates challenge MMA market
Research by IHS Markit suggests that global MMA demand is increasing as supply becomes increasingly constrained.
Total sells equity in India's Hazira terminal and signs LNG sales agreement with Shell
Total has signed agreements to sell its stake in the Hazira terminal and provide LNG to Shell for five years.
TechnipFMC awarded contract for Vietnam’s first olefins plant
LSP has awarded a contract to TechnipFMC for the construction of Vietnam's first olefins plant.
NextDecade sells US$50 million of convertible preferred stock
NextDecade agrees sale of stock to HGC and stockholders York, Valinor and Halcyon.