North America downstream news

Leading global law firm Herbert Smith Freehills has advised China energy major ENN on its first acquisition in the US LNG market.

150 000 bpd Fractionator VII will be accompanied by a pipeline extension serving the Delaware and Permian basins.

First LNG export project on Mexico's Pacific Coast advances towards full subscription of initial phase.

The announcement accompanies that of the company’s sale of its equity interest in VTTI.

Expansions would provide an additional 55 000 bpd at facilities in Texas and Louisiana.

According to Wood Mackenzie, the oil market faces a precarious few months. The imposition of US secondary sanctions on Iranian exports today is the critical factor behind Brent’s rally to over US$80/bbl in October. There is enough supply to meet demand this winter, but the margin for error is narrow.

Propane inventories in the Midwest United States had been lower than the previous five-year average for much of 2018, but in recent weeks, net additions to inventories increased Midwest propane to levels higher than the previous five-year average.

Expansion comes in response to growing demand from various sectors.

Capacity additions will include a renewable naphtha finishing facility in the form of a second plant.

Agreement contemplates Total contracting for up to 9 million tpy across projects in Louisiana and Mexico.