North America downstream news
Sparrows Group secures SKF lubrication agreement
Sparrows will supply and install lubrication systems as well as provide parts and repair services for SKF’s Lincoln lubrication systems in Louisiana and Mississippi.
EIA: hydrocarbon gas liquids spot prices are generally bound by crude oil and natural gas
The combination of rapidly declining crude oil prices in March 2020 and relatively flat (and historically low) natural gas prices compressed hydrocarbon gas liquids (HGL) spot prices into a narrow price band from mid-March through the end of April 2020.
Export-Import Bank of US reaffirms support for Mozambique LNG project
The Export-Import Bank of the United States has reaffirmed its continuing support for the LNG project on the Afungi Peninsula by initiating the process of providing US$4.7 billion in financing.
Global Data comment on Chevron's acquisition of Noble Energy
Adrian Lara, Senior Oil & Gas Analyst at GlobalData, has offered his view on the US$13 billion acquisition.
EIA forecasts US petroleum demand to remain below 2019 levels
The US EIA has reported that petroleum demand will remain below 2019 levels for several more months.
Chevron acquires Noble Energy
Chevron has announced an agreement to acquire all of the outstanding shares of Noble Energy.
Elliott to consolidate Packaging Solutions business
Elliott Group has announced plans to close its Packaging Solutions operations and consolidate these with its Engineered Products business.
MOGAS acquires Watson Valve assets
MOGAS Industries has announced the acquisition of assets of Texas-based Watson Valves.
Large decreases in monthly US crude oil and natural gas production
The EIA has reported that US crude oil and natural gas production in April had the biggest monthly decrease in years.
ICIS acquires Chemical Data LLC
ICIS has announced its acquisition of Houston-based Chemical Data LLC.