North America downstream news

Following a slowdown in 2025, growth in global demand for natural gas is expected to rise in 2026, according to the IEA’s 2Q25 Gas Market Report.

BASF and AltaGas have signed a long-term commercial agreement for the supply of butane via AltaGas and Royal Vopak's Ridley Island Energy Export Facility (REEF) commencing in 2027.

The average historical volatility of the daily Henry Hub front-month futures price trended downward through 1H25, with quarterly volatility falling from a recent high of 81% in the 4Q24 to 69% by mid-2025.

The US exported more crude oil to Nigeria than it received from Nigeria for the first time in February and March 2025, the US Energy Information Administration (EIA) reports.

bp has announced that it has agreed to sell its US onshore wind business, BP Wind Energy North America Inc. (bp Wind Energy), to LS Power, as part of its divestment programme to focus business on low-carbon energy and oil and gas.

Argent LNG has selected GIS Engineering as its ‘below-the-bolts’ engineering partner to spearhead FEED, site preparation, and regulatory development for the company’s flagship project at Port Fourchon.

Argent LNG has initiated a comprehensive EPC partner review in preparation for entering the Federal Energy Regulatory Commission pre-filing and permitting process for its 25 million tpy LNG export project in Louisiana.

CF Industries Holdings, Inc. has announced the start up of the carbon dioxide (CO2) dehydration and compression facility at its Donaldsonville Complex in Louisiana, US.

The US Energy Information Administration (EIA) expects that US hydrocarbon production is to be supported by export growth in long-term projections through 2030.

The US Energy Information Administration (EIA) has reported that California is set to lose 17% of its oil refinery capacity over the next 12 months because of two planned refinery closures.