Downstream News


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Indian State Oil Firms Betting On Natural Gas As Next Big Thing
Friday, November 17, 2017 India's state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi's goal of making the fuel a bigger part of the country's energy mix.

South Dakota Pipeline Spill Hits TransCanada Shares, Canada Crude Price
Friday, November 17, 2017 Canadian heavy crude prices and TransCanada shares slid as officials in Nebraska mulled whether to approve another pipeline proposed by the company.

Middle East, US Crude Oil Curbs Indian Appetite For African Supplies
Friday, November 17, 2017 India's imports of African crude oil in October plunged to their lowest in over 4 years, turning to the United States and Middle East.

Kemp: Distillate Fuel Oil Market Set To Tighten In 2018
Friday, November 17, 2017 US refineries are struggling to meet booming demand for distillate fuel oil at home and in export markets.

Romania Closes One Case Against Russia's Lukoil, Related Trial Still On
Friday, November 17, 2017 Romanian prosecutors have decided to close a criminal case against Russia's Petrotel Lukoil refinery.

Djibouti Signs Preliminary Deal With China's POLY-GCL For $4B Gas Project
Thursday, November 16, 2017 China's POLY-GCL Petroleum Group Holdings Ltd signs an MoU to invest $4B in a natural gas project in Djibouti.

China's Oil Refiners Rush To Cash In On Bumper Profits
Thursday, November 16, 2017 Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly two years after a rally in diesel and gasoline prices.

TransCanada's Keystone Pipeline Shut After 5,000-Barrel Leak In US
Thursday, November 16, 2017 TransCanada has shut part of its Keystone pipeline after 5,000 barrels of oil leaked in Amherst, South Dakota, the company says.

Turkish, Iraqi Officials Discuss Resuming Kirkuk Oil Exports
Thursday, November 16, 2017 A Turkish energy delegation has met with Iraqi top oil officials in Baghdad to discuss issues including the resumption of Kirkuk oil exports.

Santos Seen Luring More Bids After Rejecting $7.2 Billion Offer
Thursday, November 16, 2017 A bid for Santos may trigger counter offers for the Australian oil and gas producer that has stakes in some of the world's cheapest LNG.

Hoegh LNG: Pakistan LNG Import Project Consortium Folds
Thursday, November 16, 2017 A consortium behind a LNG import project in Pakistan has been dissolved.

Sources: China's Zhenhua Oil Wins First Diesel Tender With Iraq's SOMO
Thursday, November 16, 2017 Zhenhua Oil will supply diesel to Iraqi state-oil marketer SOMO through a term contract for the first time.

Pipeline Partnerships Face Identity Crisis That's Killing Shares
Wednesday, November 15, 2017 MLPs are seeking to appeal to a broader audience to thrive.

Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO
Wednesday, November 15, 2017 Petrobras CEO Pedro Parente said he will meet this month with the CEO of China National Petroleum Corp.

Trade: Pakistan LNG Passes On Trafigura, Gunvor Cargo Deliveries
Wednesday, November 15, 2017 Pakistan LNG Ltd has decided against awarding in a tender three LNG cargoes.

Eni's Giant Gas Field Prompts Egypt to End Imports in 2018
Wednesday, November 15, 2017 Egypt will stop importing LNG in 2018 and may eventually export gas.

Keystone XL Opponents Make Last-Gasp Effort In Nebraska
Wednesday, November 15, 2017 Opponents of TransCanada's Keystone XL pipeline have launched a last-minute public relations blitz before Nebraska regulators weigh in on its route next week.

Venezuela's PDVSA To Tap Oil Customers To Pay $449MM To ONGC
Wednesday, November 15, 2017 PDVSA will use existing crude oil customers or new Indian state buyers as intermediaries to settle $449 million owed to India's ONGC Videsh.

Oil Seen As Real Prize of Iran's Kurdish Adventure
Tuesday, November 14, 2017 After helping Iraq stifle a Kurdish push for independence, Iran is now positioning itself to take control of oil exports from the region's giant Kirkuk field.

Women Breach World of Big Oil Where 80% of Workforce Is Men
Tuesday, November 14, 2017 Ryu Bokyoung is confident she can do anything a man does in the sprawling Ulsan refinery in South Korea. The challenges that come with being a woman in the traditionally male-dominated oil industry have never stopped her.

Canadian Pacific Watching Signs of Life in Crude by Rail Shipments
Tuesday, November 14, 2017 Canadian Pacific Railway Ltd is watching shipments of crude by rail which are now "coming alive a little bit," the company's chief marketing officer told a Toronto transportation conference.

Kinder Morgan Appeals to Canada Regulator Over Trans Mountain Pipeline
Tuesday, November 14, 2017 Kinder Morgan Canada Ltd has appealed again to the country's energy regulator, asking it to set up a process to resolve potential disagreements with provincial or municipal governments over its planned Trans Mountain oil pipeline expansion project.

Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt - Oil Mnstr
Tuesday, November 14, 2017 Egyptian Oil Minister Tarek El Molla said initial negotiations have taken place with Saudi Arabian state oil company Aramco to refine oil in Egypt.

Birth of Another LNG Giant Shows Majors' Edge Over Traders
Monday, November 13, 2017 Total's billion-dollar deal to buy LNG assets from Engie SA shows how much size matters in the industry.

Sources: Oman's Duqm Refinery To Seek $6B Bank Funding Soon
Monday, November 13, 2017 Oman's Duqm Refinery and Petrochemical Industries Co will approach banks in about two weeks.

As Saudi Arabia Limits US Crude Shipments, Iraq Steps In
Monday, November 13, 2017 Saudi Arabia's efforts to reduce a worldwide crude supply glut by cutting shipments to the United States means others are now filling in.

RIA: Moscow, Riyadh Agree To Explore Aramco Taking Part In Novatek Project
Monday, November 13, 2017 Russia and Saudi Arabia have agreed to study the possibility of Saudi Aramco taking part in Novatek's Arctic LNG 2 project.

Japan's JERA Imports First LNG Cargo Shipped From Chevron's Wheatstone Site
Monday, November 13, 2017 Japan's JERA Imports First LNG Cargo Shipped From Chevron's Wheatstone Site

China's CEFC, Rosneft To Study South China Petrochemical Complex
Friday, November 10, 2017 Private conglomerate CEFC China Energy and Rosneft agree to study the possibility of building a petrochemical complex in South China.

S. Korean Refiners Aim To Benefit From 2020 Shipping Mandate
Friday, November 10, 2017 South Korean refiners are planning to spend over $5 billion on plant upgrades in response to tighter rules on shipping fuel.

Bullish Oil And Tight Supply Lift Asian Spot LNG Market
Friday, November 10, 2017 Asian spot LNG prices rose this week on already tight supply and production outages in Australia and was further buoyed by climbing crude oil prices.

Australia's North West Shelf LNG Export Plant Suffers Partial Outage
Friday, November 10, 2017 Australia's North West Shelf LNG export plant suffered a partial outage on Friday morning.

Blast Causes Fire In Oil Pipeline In Bahrain, Says Ministry
Friday, November 10, 2017 An explosion caused a fire in an oil pipeline in Bahrain, the Interior Ministry said.

US Justice Dept Commits To Prosecute Activists That Damage Pipelines
Friday, November 10, 2017 The US Department of Justice pledged to prosecute protesters who damage energy infrastructure in a move that could escalate tensions.

Biofuels Fight Is Brewing Between US and Brazil Over Ethanol
Friday, November 10, 2017 The US biofuels industry, fresh off a win against Big Oil, is lining up for a fight with Brazil.

What You Need to Know About Converting Plastic Bags into Sustainable Fuel
Thursday, November 09, 2017 Processing used plastic has dual benefits - by reducing waste in landfills and providing alternative sources of fuel.

Williams Cleared to Resume Work on $3 Billion Gas Pipeline
Thursday, November 09, 2017 Williams Partners LP was cleared by a federal court to resume construction on a $3 billion pipeline.

TransCanada: Keystone XL Pipe Has Adequate Commercial Support
Thursday, November 09, 2017 TransCanada receives adequate support from crude oil shippers on its long-delayed Keystone XL pipeline.

US Flexes Refining Muscles to Satisfy Mexico's Fuel Thirst
Thursday, November 09, 2017 US refiners are setting up for the strongest end-of-year they've ever had, and it's all thanks to Mexico.

Egypt Qalaa's $3.7 Billion Oil Refinery to Start Up in September
Thursday, November 09, 2017 Egyptian Refining Co.'s new $3.7 billion processing plant will begin operations in September.

Shell's Pennsylvania Project Hits Milestone
Wednesday, November 08, 2017 Multibillion-dollar petchems project transitions from early works to main construction.

US Subpoenas Icahn Over Biofuel Policy While Trump Adviser
Wednesday, November 08, 2017 Federal investigators have issued subpoenas for information on Carl Icahn's efforts to change biofuel policy.

Peak Oil? Majors Aren't Buying Into The Threat From Renewables
Wednesday, November 08, 2017 Leaders of the world's biggest oil firms are not buying the argument that their traditional business faces any imminent threat.

As Oil Booms, World's Top Importer Signals Demand Will Boom Too
Wednesday, November 08, 2017 Oil investors discouraged by Wednesday's data showing a retreat in Chinese crude imports can find cheer in another figure released.

PTT Global Chem Profit Beats On Higher Sales Volume, Refining Margins
Wednesday, November 08, 2017 PTT Global Chemical reports a 60% jump in third-quarter profit.

Japan's Inpex Says Ichthys LNG Project On Track For March Start
Wednesday, November 08, 2017 Inpex is on track to begin production at its offshore Ichthys liquefied natural gas project in Australia.

France's Total Buys Engie's LNG Business For $1.5B
Wednesday, November 08, 2017 Total says it has acquired LNG interests of French power and gas utility Engie for around $1.5 billion.

OPEC Sees Oil Use Peak in Late 2030s If Electric Cars Boom
Tuesday, November 07, 2017 A larger-than-expected boom in electric vehicle sales could cause global oil demand to peak and flatten out in the late 2030s, OPEC says.

A $6 Billion Windfall for Oil Refiners Has Small Hurdle: the IRS
Tuesday, November 07, 2017 An obscure gasoline additive could lead to a windfall of more than $6 billion for struggling US oil refiners.

Oil At $70/Barrel Already A Reality For Some As Asian Premium Bites
Tuesday, November 07, 2017 The rising demand for crude oil that can more easily produce transportation fuels when refined has some Australian and Malaysian producers boasting cargoes valued at close to $70 a barrel.