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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

Petrobras’ refineries increased oil processing by 34,000 barrels per day in 2014, its sixth consecutive annual record for oil processing
27th January 2015

Petrobras’ refineries in Brazil achieved a new annual oil processing record in 2014. The average volume processed was 2.1 million barrels of oil per day (bpd), up 34,000 bpd (1.7 per cent) from the previous...
JGC Corporation has announced that, as a part of a consortium with JGC Group company, JGC Malaysia, it has been awarded a contract by Petronas LNG 9 Sdn. Bhd.(PL9SB), a wholly-owned subsidiary of Petronas
26th January 2015

This engineering, procurement, construction and commissioning (EPCC) contract award is part of the expansion of the Petronas’ LNG Complex (PLC) in Bintulu, Sarawak, Malaysia. The contract, valued at...
Gazprom Marketing & Trading Singapore, company of Gazprom Group and Yamal Trade have signed a long-term sales and purchase contract for liquefied natural gas (LNG) from the Yamal LNG project
26th January 2015

The contract that will be effective for over 20 years provides for the annual supply of 2.9 million tons of LNG that will be delivered to the Asia-Pacific markets, mostly to India. The contract price will...
His Excellency Eng. Suhail Mohamed Faraj Al Mazrouei to Open Tank Storage Middle East
21st January 2015

It is yet another major show coup for Tank Storage Middle East, which takes place on 26 & 27 January at the Abu Dhabi National Exhibition Centre. In his role, The UAE Minister of Energy is focused on...
Chevron Corporation has announced that its Australian subsidiaries have signed a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK)
21st January 2015

Under the SPA, SK LNG Trading, which is part of a leading industrial conglomerate in South Korea, will receive 4.15 million tons of LNG over a five-year period starting in 2017. During the time of this...
ExxonMobil PNG Limited, operator of the PNG LNG Project, has advised that the 120-day operational test for the LNG facilities has been successfully completed
20th January 2015

This is just one of several tests required, and is an important milestone towards satisfaction of the financial completion tests set forth in the project’s financing arrangements. The other outstanding...
Industries Qatar searches for alternative petrochemical projects in Qatar
16th January 2015

These studies will be conducted in collaboration with Qatar Petrochemical Company Limited QSC (Qapco), Qatar Chemical Company Limited (Q-Chem), and Ras Laffan Olefins Cracker Company Limited (RLOC), in...
Andhra Pradesh Gas Distribution Corporation (APGDC), GDF Suez, Shell and Gail have signed two separate Memorandums of Understanding (MOUs) for a floating LNG terminal in Kakinada Deep Water Seaport in Kakinada, Andhra Pradesh
16th January 2015

The first MOU is between APGDC, GDF Suez and Shell and supports the development of the terminal. APGDC (a joint-venture company between the government of Andhra Pradesh and Gail), GDF Suez and Shell will...
Petrobras has carried out its first petrochemical naphtha loading operation at the Abreu e Lima Refinery in Brazil (also known as RNEST), initiating the sales programme for the product
15th January 2015

The first batch of petrochemical naphtha will be delivered to customer Braskem, a petrochemicals group with operations across Brazil. Of the total 56,650 cubic metres produced so far at RNEST, 18,063 cubic...
Qatar Petroleum and Shell have decided not to proceed with the proposed Al Karaana petrochemicals project, and to stop further work on the project
14th January 2015

The decision came after a careful and thorough evaluation of commercial quotations from EPC (engineering, procurement and construction) bidders, which showed high capital costs rendering it commercially...