Downstream news

The Tank Storage Association has officially launched its 2026 Careers Week campaign, an initiative aimed at showcasing career and apprenticeship opportunities in the bulk storage and energy infrastructure sector.

DNV's 'Energy Transition Outlook 2026' suggests Gulf Cooperation Council (GCC) countries are cutting the emissions intensity of their core oil and gas production while continuing to play a central role in global energy supply.

Worley has been awarded a contract by Samsung C&T Corp. to deliver detailed engineering services for the QatarEnergy LNG Carbon Dioxide Sequestration Project in Qatar.

Oxford Flow has announced its entry into the Japanese market through a new distribution and collaboration partnership with fluid control valve provider, VENN.

The US Energy Information Administration has reported that many US states slightly increased their taxes and fees on gasoline in 2025, with highs recorded in California and lows in Alaska.

Syntholene Energy has selected Dynelectro as the electrolyser technology vendor for its synthetic fuel demonstration facility in Iceland.

YPF, Eni, and XRG have announced they have signed a binding joint development agreement to advance Argentina LNG.

INERATEC has begun collaborating with a consortium that is advancing the evaluation of a potential e-Fuel value chain at the Biobío region, Chile.

EIA forecasts that production of petroleum and other liquids will continue to exceed global demand, which results in Brent crude oil prices falling from an average of US$69/bbl in 2025 to US$58/bbl in 2026 and US$53/bbl in 2027.

Borouge, Borealis, Catalytic Finance Foundation, Pelita Mekar Semesta (PMS), and Reciki Solusi Indonesia, are set to establish Indonesia’s first fully integrated circular waste management ecosystem.