Downstream news
Alfa Laval wins energy-efficiency order
The company will supply compact heat exchangers to a US petrochemical plant.
Venture Global LNG and Kiewit announce EPC contract for LNG export facility
Kiewit has been awarded the EPC contract for the Calcasieu Pass LNG facility.
Mabanaft invests in strategic expansion of jet fuel storage
The investments include a commitment to long-term storage and the construction of a new road loading rack at the Canvey Island storage terminal.
Chevron Phillips Chemical to cease US paraxylene production
Wood Mackenzie comments on Chevron Phillips Chemical’s decision to cease production.
SABIC and JSMC renew partnership in Saudi Methanol Company
SABIC will raise its stake in Ar-Razi to 75%, purchasing 50% of JSMC’s share.
GTT receives an order for the tank design of two new LNG Carriers
GTT has received an order from a Korean shipyard concerning the tank design of two new 174 000 cubic metre LNG carriers.
Chevron announces US$20 Billion capital and exploratory budget for 2019
Approximately US$2.5 billion of planned capital spending is associated with the company’s downstream businesses.
Pertamina ready to work on the Bontang refinery project
PT Pertamina (Persero) and Overseas Oil & Gas (OOG) are committed to running the grass root refinery (GRR) project or the construction of a new refinery in Bontang.
November US natural gas prices increased beyond previous market expectations
On 23 November, the natural gas spot price at the Henry Hub in Louisiana, US, was US$4.70/million Btu, the highest price since a temporary spike in January 2018.
Thousands of Rotork electric actuators installed at Chinese oil refinery
More than 2500 Rotork IQ3 electric actuators have been installed at a Chinese oil refinery and petrochemical complex.