Downstream news
Buckeye to sell terminal and pipeline assets following strategic review
The announcement accompanies that of the company’s sale of its equity interest in VTTI.
IEA confirms new member
South Africa has joined the International Energy Agency (IEA) as an Association country.
Wison delivers ethylene cracking furnace
Wison has successfully shipped the world’s largest single modular ethylene cracking furnace for Zhejiang Petrochemical.
SABIC awards a framework agreement to WorleyParsons for EPCM services
WorleyParsons will work with SABIC to improve operations at its five European production sites.
Mitsubishi HPS receives order for flue-gas desulfurisation systems
The project aims to use FGD systems to reduce emissions of sulfur oxide and soot dust, helping to clear and reduce air pollutants in India.
Enterprise increases fractionation capacity at existing plants
Expansions would provide an additional 55 000 bpd at facilities in Texas and Louisiana.
Honeywell to modernise 19th Century German refinery
The company will undertake system migration and provide ongoing services to drive safety, performance and efficiency at H&R Group's flagship chemical refinery.
Energy storage is a US$620 billion investment opportunity to 2040, says BloombergNEF
Tumbling costs of battery storage systems between 2018 and 2030 will transform the economic case for batteries.
Orbital inks cooperation agreement with Mitsubishi Electric
Orbital Gas Systems has signed a cooperation agreement with Mitsubishi Electric to enhance RTU and BioMethane product lines.
What next for the oil market as the US reimposes sanctions on Iran?
According to Wood Mackenzie, the oil market faces a precarious few months. The imposition of US secondary sanctions on Iranian exports today is the critical factor behind Brent’s rally to over US$80/bbl in October. There is enough supply to meet demand this winter, but the margin for error is narrow.