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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
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20th June 2018 The transaction has an economic date of 1 September 2017 and the net final consideration paid to Shell after adjustments for dividends the company received up to completion is approximately $640 million....
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6th June 2018 The project includes a propane dehydrogenation (PDH) unit and a polypropylene production unit with an output capacity of 550,000 tons per year. The project represents an investment of around $1.4 billion by...
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18th May 2018 The facility will also include a monoethylene glycol unit and two polyethylene units.“We are very pleased to announce the creation of what is now planned to be the third joint venture between our two...
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14th May 2018 The Abu Dhabi National Oil Company (ADNOC) today unveiled plans to invest AED 165 billion (US $45 billion) alongside partners, over the next five years, to become a leading global downstream player,...
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21st March 2018 “Our unique Downstream business is fundamental to delivering a world-class investment case,” said Chief Executive Officer Ben van Beurden. “Its unparalleled breadth, depth and the strength...
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7th March 2018 SOCAR Turkey intends to deploy the technology in its new 900,000 tonnes per annum (tpa) unit at Aliağa, Turkey, expected to come on stream by 2023 once the final investment decision is taken.“BP is...
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26th February 2018 Such strong growth in demand is consistent with Shell’s first LNG Outlook, published in 2017. Based on current demand projections, Shell sees potential for a supply shortage developing in mid-...
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21st February 2018 Responsible for a significant portion of fuel production in the Kingdom, production up-time of the RTR Gas Condensate Fractionation and the Platformer/Naptha Hydrotreater (NHT) units is of the essence at...
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20th February 2018 The joint venture – in which Total will own 50 per cent and Novealis Holdings, a joint venture between Borealis and NOVA Chemicals, will own the remaining 50 per cent – will commence subject to...
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15th February 2018 Process control is an integrated part of an automation system from the field device level up to the management execution level. Looking at the value chain of tank farms and terminals there are also several...
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