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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

NGL Energy Partners LP has entered into a definitive purchase agreement with Magnum Development LLC, a portfolio company of Haddington Ventures LLC, and other Haddington-sponsored investment entities to acquire Magnum NGLs, LLC
10th February 2015

Magnum owns and operates a natural gas liquids storage facility with multiple existing salt caverns and a potential capacity of greater than 10 million barrels. The facility is strategically located...
Zenith Energy has acquired the Bantry Bay Oil Terminal in West Cork, Ireland, from Phillips 66
10th February 2015

The terminal, located on Whiddy Island in Bantry Bay, has a storage capacity of over eight million barrels and is one of the largest and deepest drafts in Europe, holding a portion of Ireland's strategic...
Saudi Aramco has bought around USD 1.9bn (KRW 1.2tn) worth of oil products off South Korean refiner S-Oil
9th February 2015

The massive supply deals comes a month after Saudi Aramco increased its own share in S-Oil to 63.41 per cent (up from 34.99 per cent). S-Oil will supply up to 14 million barrels of diesel (including low...
Canacol Energy has announced that its Colombian subsidiary CNE Oil & Gas S.A.S., in its capacity as operator of the VIM 5 Exploration and Production (E&P) contract in Colombia, executed a new 15-year take or pay contract for the sale of 35 million standard cubic feet per day (MMscfpd) of gas to Altenesol LNG Colombia S.A.S. commencing in the fourth quarter of calendar 2016
6th February 2015

“This new sales contract demonstrates the corporation’s ability to quickly commercialise its gas finds in Colombia, in this case the significant gas discovery we recently made at Clarinete on the VIM 5...
Technip has been awarded contract for new 500 KTA ethylbenzene styrene monomer plant in China
3rd February 2015

Technip was awarded a contract by Qingdao Soda Ash Industrial New Material & Technology Company to provide the technology, engineering, selected critical equipment and technical services for a 500 KTA...
2nd February 2015

The heavy shipment will reach the Darwin Island in Australia. LNG is a business of the future and it is estimated that production will increase by more than 200 per cent by 2020. Accordingly, companies are...
BASF is further strengthening its production footprint in Asia Pacific with the start-up of its first production plant for polymer dispersions in Pasir Gudang, Malaysia
30th January 2015

This production plant is built at the existing BASF production site, located in the Pasir Gudang Industrial Park of the Johor Free Trade Zone. The plant is BASF’s third polymer dispersions plant in ASEAN,...
UOP LLC, a Honeywell company, has announced that China has commissioned the first of 14 planned propylene production units using technology from Honeywell’s UOP to help close the global supply and demand gap for the key plastic building block
30th January 2015

China’s Zhejiang Satellite Petrochemical Co. Ltd became the first Chinese producer to start production of propylene using UOP C3 Oleflex process technology, which produces propylene from propane. Zhejiang...
Gail India has announced that its LPG recovery plant at Lakwa, Assam would be converted to supply feedstock for the petrochemical unit of Brahmaputra Cracker and Polymer Limited (BCPL) being set up at Lepetkata near Dibrugarh
30th January 2015

Denying media reports that the plant was being shut down, Gail said there is no such plan and the plant was only being converted to supply feedstock to the petrochemical unit and would continue to function...
Shell has signed a USD 11bn deal with the Iraqi government to build a petrochemical plant in southern Iraq, according to industry minister Nasser al-Esawi
28th January 2015

The petrochemical facility will is to be built near Iraq’s southern city of Basra, close to Arabian Gulf export facilities, Esawi told a press conference in Baghdad. The plant, named Nibras, is scheduled...

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