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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

Arabtec has won construction contracts in Saudi Arabia worth over USD 253m (AED 930m) through its subsidiary Target Engineering Construction Company
23rd February 2015

Target Engineering Construction Company, which maintains a strong presence in Saudi Arabia and Qatar, will be responsible for executing a variety of construction projects in the oil and gas sector. Target...
The Papua, the first PNG LNG Project custom-built ship, arrived at the PNG LNG marine facilities on 22 February to begin cool down and loading of its first LNG cargo
23rd February 2015

Recently christened as the Papua by Lynda Babao O’Neill, the 172,000 cubic metre, 290-metre-long LNG carrier has entered service on a long-term charter with the PNG LNG Project, providing LNG transportation...
Sempra Energy has announced that its IEnova and Sempra LNG units have signed a memorandum of understanding (MOU) with a subsidiary of Pemex for the cooperation and coordination in developing of a natural gas liquefaction project at the site of the Energía Costa Azul receipt terminal in Ensenada, Mexico
20th February 2015

The MOU defines the basis for the parties to explore Pemex's participation in the potential Energía Costa Azul liquefaction project, including joining efforts on its development and structuring agreements...
Gazprom Neft has made its first ever winter shipment of oil from the Novy Port (Novoportovskoye) field on the Yamal Peninsula
20th February 2015

Sixteen-thousand tonnes of crude oil was shipped to European consumers by oil tanker, escorted by an atomic icebreaker. The Novy Port oil will be delivered to Europe at the beginning of March. Over 50,000...
The first foundations have been laid at ZapSibNeftekhim, a facility for deep hydrocarbon to polyolefin processing in the Tyumen Region; Sibur’s biggest ever investment project
19th February 2015

ZapSibNeftekhim's project is designed to operate a steam cracker (by Linde AG, Germany) with a capacity of 1.5 mtpa of ethylene, around 500 ktpa of propylene and 100 ktpa of butane-butylene fraction (BBF),...
The Russian firm leads the consortium that has been chosen to build and operate Uganda’s USD 2.5bn Hoima oil refinery project, according to the African nation’s oil ministry yesterday
18th February 2015

"RT Global Resources emerged as the selected preferred bidder," Irene Muloni, the minister for energy and mineral development, said in a statement. RT Global is a subsidiary of Russian defence company...
Every year we review, amend and aim to improve the event. This is the only event that we organise in the tank storage sector so the team work throughout the year on it. This year is set to be our biggest yet and we are on track to welcome 2,500+ visitors through the door!
16th February 2015

The Expo will be significantly bigger again with around 100 exhibitors from across the industry, this is compared to 50 in 2014 and 30 in our launch year, 2013. And what’s interesting is that we are seeing...
Lukoil and a consortium headed by Hyundai Engineering (South Korea) has signed a contract for procurement and construction of the Kandym Gas Processing Plant in Uzbekistan
13th February 2015

The facility will have an annual capacity of 8.1 billion cubic metres of gas and will process sour natural gas from the Kandym group of fields located in the Bukhara Region of Uzbekistan to produce treated...
A deal with Royal Vopak will boost Kinder Morgan’s storage capacity to over 45 million barrels on the Houston Ship Channel and 138 million barrels in North America
11th February 2015

Kinder Morgan has announced that it will purchase three terminals and one undeveloped site from Royal Vopak for approximately USD 158m. The acquisition covers a 36-acre, 1,069,500-barrel storage complex at...
Saudi Kayan has reached an agreement with the Saudi Arabian ministry of petroleum and mineral resources and SABIC (Saudi Basic Industries Corporation) on Feb 5, to enhance the company’s business and financial performance
10th February 2015

The agreement involved allocating an extra volume of ethane gas, amounting to 10 million square feet every day, as of July 1. The allocation will be subject to the terms and conditions stipulated in the...