Downstream news
ADNOC moves further downstream
ADNOC has announced its intention to move further downstream, as it looks to take advantage of rising demand for refined and petrochemical products.
ExxonMobil and Synthetic Genomics progress their biofuels programme
ExxonMobil and Synthetic Genomics Inc. have announced a new phase in their algae biofuel research programme.
Venture Global and Shell reach LNG supply agreement
Venture Global and Shell have agreed to increase their existing LNG sales and purchase agreement.
EIA: ethanol production growth in US
The EIA notes that positive US ethanol margins are driving ethanol production growth.
Chevron affirms cash flow growth
Chevron Corp. has confirmed its intentions to grow free cash flow in 2018 and thereafter.
Cyber attacks a growing concern for energy industry
A report from Marsh suggests that energy executives are increasingly concerned about the impact of cyber-attacks on their operations.
US exports of gasoline and diesel to Latin America to remain stable
ESAI Energy notes that US exports of gasoline and diesel to Latin America will remain stable this year.
Cheniere and GAIL commence LNG contract
Cheniere Energy and GAIL have commenced a 20-year sale and purchase agreement to supply US-sourced LNG to India.
Sinochem Group starts up DuPont scrubbing system
Sinochem Group has started up a DuPont wet gas scrubbing system at its sulfur recovery unit to reduce emissions in order to meet current SOx regulations.
Magnum Liquids to acquire stake in NGL’s Sawtooth Storage Facility
NGL Energy Partners and Magnum Liquids have signed joint venture agreements for Sawtooth natural gas liquids and refined products storage assets.