Downstream news

CB&I has been selected for the license and basic engineering of a mixed feeds ethylene plant for the Guru Gobind Singh refinery.

Grace will provide an overview on how refineries can increase the profitability of fluid catalytic cracking operations by maximising the production of propylene.

Phillips 66 reported earnings of US$823 million in 3Q17, compared with US$550 million in 2Q17.

The results have been attributed to improved commodity prices and strengthened performance in the upstream and downstream sectors.

Valero Energy Partners LP has announced the acquisition of Port Arthur terminal assets and Parkway Pipeline LLC for US$508 Million.

Chevron Corp. has reported increased earnings in 3Q17 to US$2 billion, with downstream operations accounting for US$640 million.

Gazprom’s gas and liquid hydrocarbons processing projects have been making progress, with future development planned.

The US EIA suggests that Gulf Coast refinery runs are starting to approach the levels seen prior to Hurricane Harvey.

A new report suggests returning confidence in the employment sector of the oil and gas industry.

Chevron Corp. has elected John B. Frank to its board of directors.