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HomeDownstream

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NGL Energy Partners LP Announces Third Quarter Fiscal 2021 Financial Results

February 10, 2021 Stu Turley

TULSA, Okla.–(BUSINESS WIRE)–NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its third quarter fiscal 2021 results. Highlights for the quarter include: Loss from continuing operations for the third quarter of […]

Altona refinery - Energy News Beat
Crude Oil News

ExxonMobil Australia to shut 90,000 b/d Altona refinery

February 10, 2021 Stu Turley

ExxonMobil’s 90,000 b/d Altona refinery in Victoria is no longer economically viable and will be converted into an oil product import terminal, the company said today. The decision was made following an extensive review of […]

Downstream

BP, Rosneft strike deal to work on energy transition projects

February 4, 2021 Stu Turley

Moscow — BP and Russian energy giant Rosneft signed a cooperation agreement Feb. 4 to work on joint energy transition projects, including low-carbon technologies and hydrogen, the companies said in a joint press release. Both companies […]

China Refiner - Energy News Beat
Crude Oil News

China refining growth supports crude demand

January 27, 2021 Stu Turley

 Growing oil product oversupply and government liberalisation efforts are unlikely to lead to any sharp reduction in Chinese refining capacity in the near future, supporting the country’s crude import demand and fuel exports, participants at […]

audi Aramco - Downstream
Downstream

Aramco Omits Carbon Data for Up to Half Its Real Climate Toll – Not just limited to Aramco

January 21, 2021 Stu Turley

Before it launched the world’s biggest public listing, Saudi Arabian Oil Co. promised potential investors a small piece of a trillion-dollar company with access to unrivaled oil reserves. Not just in sheer volume but in climate friendliness, […]

ADNOC_City-Energy News Beat
Downstream

ADNOC merges its downstream and trading units

January 18, 2021 Stu Turley

ADNOC Group has merged its downstream unit with its trading arm, creating the Downstream Industry, Marketing & Trading Directorate. When revealing the news, ADNOC said that the new unit would be “a critical enabler of […]

Indian Oil - Energy News Beat
Crude Oil News

India’s IOC shortlists DSW as eligible import option

January 17, 2021 Stu Turley

The tender is seeking cargoes delivered 1-10 April to the Paradip terminal on the eastern coast of India and includes various grades from North America, Latin America, west Africa and the Mideast Gulf. US crude […]

ADNOC - Energy News Beat
Downstream

Abu Dhabi state firms to collaborate on hydrogen

January 17, 2021 Stu Turley

Three of Abu Dhabi’s biggest state-owned companies — Adnoc, Mubadala Investment and Abu Dhabi Development Holding (ADQ) — have signed an agreement to establish the ‘Abu Dhabi Hydrogen Alliance’ to develop low-carbon hydrogen fuel in […]

BP Chemicals Deal Expands Reach of Ineos
Crude Oil News

BP Chemicals Deal Expands Reach of Ineos

January 10, 2021 Stu Turley

Rigzone: Based on recent pageview figures, Rigzone’s downstream readers showed considerable interest in news about the sale of some BP assets and the cashflow challenges of another supermajor. Keep reading for this summary of three […]

Downstream

Sixty-one new COVID-19 cases were reported at Beaver County’s cracker plant this week, bringing the total number since March to 335

December 12, 2020 Stu Turley

BEAVER COUNTY TIMES: 12 Dec 2020 POTTER TWP. — Coronavirus cases continue to grow at Shell Chemicals’ ethane cracker plant site as COVID-19’s third wave hammers the region. Sixty-one new virus cases were reported at […]

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