ExxonMobil will sell its controlling stake in Esso (Thailand) Pcl, which runs a local refinery and retailing business, to rival Bangchak Corp. as the largest US oil company focuses on its home market and the production of lower-emission fuels.
As global markets consolidate recovery from the Covid-19 pandemic, LNG markets globally are tightening, with demand growth led by anticipated surge in Asian and Latin America demand.
As the world’s economies fire up for revival it has become clear that downstream, and the products we produce, are critical to global recovery.
The Petrochemical & Refining Congress, co-hosted by Neste, celebrates its 5th Anniversary on 17-19th of May.
Indonesian national oil company (NOC) Pertamina has a planned capital expenditure totalling $92 billion for the term 2020-24. The NOC will be seeking external funding and partnerships to meet this goal.
The former boss of Malaysian national oil company (NOC) Petronas, Tan Sri Wan Zulkiflee, has joined ExxonMobil’s board of directors, in a move that has surprised some industry watchers.
At Swinton Technology, we specialise in flow measurement within the oil and gas industry, through the supply of flow computing systems and metering software solutions. As part of our portfolio, we provide intelligent solutions for the industry with the aim of reducing the need for human intervention and constant system and equipment monitoring. Our solutions help to prevent costs associated with downtime and allows fiscally critical decisions to be made with ease, i.e. those that reduce metering uncertainty are prioritised before less significant actions.
Taleveras has become the first African independent gas trading company to secure a term deal with a Mont Belvieu-based LPG facility for the export of liquefied petroleum gas starting in the first quarter of 2021.
Taleveras has joined a growing list of global trading firms increasing their presence in the liquefied natural gas market, raising its delivery volumes by almost 30% year on year.
Extraordinary times call for extraordinary solutions. In response to the travel constraints in Europe, BGS Group, the organizer of PRC Europe 2020, has announced the launch of a new virtual platform - BGS online.
The boss of Wood expects more “turbulence” ahead for markets served by the global engineering and consultancy.
Saudi Aramco has launched a reorganisation of its downstream business with the aim of maximising value.
Aberdeen-headquartered energy services firm Wood has announced multi-million pound cost savings and an increased renewable energy contracts since the start of 2020.
Aberdeen-headquartered energy services firm Wood has won a £16.2million for work at chemical manufacturing sites in Louisiana and Mississippi.
Wood has announced a deal to support construction of Ineos’ £2.6billion chemicals complex in Antwerp.
Shell has announced plans to sell its downstream business in Argentina to Raizen for £680million.
BP is trialling self-service checkouts for fuel payments at filling stations in the UK.
The Abu Dhabi National Oil Company (Adnoc) has set out plans to become a major global player in the downstream segment.
BP has entered into joint ventures with Shandong Dongming Petrochemical Group (Dongming Petrochemical) to develop a fuel station and retail business in China.
Amec Foster Wheeler this morning confirmed it had landed global downstream deal with Shell.
BP's downstream business has delivered $3bilion in savings since the oil price started to plunge in 2014.
Oil major Shell said it has reached an $80million deal with Dansk Olieselskab for the sale of its assets in Denmark.
Shell has sold off parts of its global downstream portfolio in the wake of disappointing financial results.
A global decline in the oil price since last year may have hindered upstream business in regions such as the UKCS. But for Hungary's MOL Group, the lower oil price has prompted an unexpected boost in its downstream operations. David Pullan, group downstream development senior vice president for the company, told delegates at the Central Eastern Europe and Turkey Refinery Summit in Budapest his side of the business had seen "very good" results. In the third part of our week long series from MOL's headquarters in Hungary, we look to its successes in its downstream business.