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Downstream News

Daily downstream news for the oil and gas industry providing global coverage of refining, processing and other downstream sector developments

Latest Downstream News:

Lukoil ships exports first batch of oil from its share of the West Qurna-2 project in Iraq
Sea Triumph, a tanker chartered by Litasco (an international marketing subsidiary of Lukoil), left the port of Basra in southern Iraq with a load of crude. This is the first batch of oil in reimbursement of... - 19th August 2014
Oil Search profit and production surges on the back of PNG LNG despite Kurdistan setbacks
“Both PNG LNG Project LNG trains are now operating at full capacity, just three months after first production,” said Peter Botten, Oil Search managing director. “ExxonMobil’s development personnel are being... - 19th August 2014
Short-term oil demand slips but expected to rise in 2015, according to IEA report
OPEC crude oil supply rose by 300 000 barrels per day (300 kb/d) to 30.44 mb/d in July, a five‐month high, as a boost from Saudi Arabia to 10 mb/d and a tentative recovery in Libyan output more than made up... - 15th August 2014
Petrofac has been awarded an engineering, procurement, construction and commissioning (EPCC) contract by PRPC Refinery and Cracker Sdn. Bhd. a subsidiary under the Petroliam Nasional Berhad (Petronas) group, Malaysia’s national oil and gas company; for a refinery package in Petronas’ Refinery and Petrochemicals Integrated Development (RAPID) project in Pengerang, Johor, Malaysia - 13th August 2014
Sinopec Engineering Group, a Sinopec subsidiary, has been awarded a construction contract at the massive RAPID (refinery and petrochemical integrated development) refinery project in Malaysia by PRPC Refinery and Cracker, a Petronas subsidiary - 12th August 2014
Inpex Corporation has announced that its affiliated company, Inpex Masela, has received an environmental permit from the government of Indonesia based on the environmental and social impact assessment of the Abadi LNG Project which is currently being prepared for development utilising the Floating LNG (FLNG) concept - 12th August 2014