Downstream petrochemical news
Germany, Italy and Spain contribute more than 35% of European refining capacity
A GlobalData report suggests Germany, Italy and Spain together account for over 35% of regional active refining capacity.
BCCK Holding Co. opens new office in Texas
BCCK Holding Co. announces the opening of its new office in The Woodlands, Texas.
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.
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.
ABS-classed marine diesel engine converted to operate on ethane
ABS has confirmed the world’s first conversion of a slow-speed marine diesel engine to operate on ethane as a fuel.