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Downstream News

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

South Korea to build world’s largest LNG-FSRU
6th January 2014

South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (DSME) on Monday announced it  won an order from Japan-based Mitsui OSK Line (MOL) to build what it says will be “the world’s largest LNG-...
Russia launches Europe’s largest deep refining complex
2nd January 2014

Surgutneftegas, Russia's third-largest oil producer, last week launched Europe’s biggest deep refining plant at its northwestern Kirishi oil refinery, as part of plans to upgrade the company’s refining...
Oil refinery
18th December 2013

Reliance Industries (RIL) has placed an order for a seawater reverse osmosis solution (SWRO) from Israel’s IDE Technologies to meet the increased water capacity requirement at Jamnagar oil refinery in...
26 per cent of the investment is to be spent on modernizing the Barrancabermeja refinery
16th December 2013

Colombia's state-run oil company Ecopetrol said on Friday it will invest USD 10.595bn in 2014, about two thirds of which will be spent on exploration and production.   Some USD 6.463bn will be...
Oil refinery
3rd December 2013

Indian Oil Corporation (IOC) is planning to expand its refining capacity to 80 million tonnes from 65 million tonnes at present, The Economic Times reported. The state-owned oil and gas corporation aims to...
Gazprom targets new small- and large-scale LNG markets
27th November 2013

Now a participant of the global LNG trade, which compliments its pipeline supply, Gazprom aims to provide small- and large-scale liquified natural gas (LNG) to international markets, the company announced...
Moscow allows Gazprom competitors to export LNG
26th November 2013

Russia’s lower house of parliament on Friday gave a green light to end Gazprom’s gas monopoly and let a set number of competitors ship liquefied natural gas (LNG) to the energy hungry Asian market, Reuters...
Petroleum refinery and polypropylene plant
25th November 2013

India’s state owned company Engineers India Limited (EIL) has received a contract worth approximately USD 139m to provide project management consultancy (PMC) and, engineering, procurement and...
Gazprom starts design for Russian LNG project
22nd November 2013

Gazprom is developing the design documentation for its upcoming Vladivostok-LNG project, the company has announced, as it seeks to speed up new liquefied natural gas (LNG) projects that will...
Gazprom and Sovcomflot discuss cooperation in LNG marine shipping
20th November 2013

The heads of Gazprom and Sovcomflot (SCF), the Russian shipping company, on Tuesday held a working meeting to discuss prospects for cooperation in the marine shipping of liquefied natural gas (LNG) to the...