Crude oil
Pemex to upgrade its six refineries after completing 340,000 bpd new plant construction
Octavio Romero, director of Mexican state oil Pemex, said the company will work in the second half of Mexican President Andres Manuel Lopez Obrad´s term on improving its six refineries after completing during the first half of the six-year period the construction of a new 340,000 barrels-per-day (bpd) refinery with a $10-B investment.
BASF confirms final phase of MDI expansion at Geismar Verbund site
BASF is moving forward with the final phase of the expansion project for the methylene diphenyl diisocyanate (MDI) plant at its Verbund site in Geismar, Louisiana.
Iran boosts crude supply to Venezuela for refining, freeing up exportable oil
Iran is increasing supplies of a key crude grade that Venezuela is using to boost its aging refineries' productivity and free domestic oil for exports.
U.S. crude stockpiles dip, gasoline builds as demand slackens
U.S. crude oil stockpiles edged lower last week but gasoline inventories posted a larger-than-expected build on weakened demand, the Energy Information Administration said.
Technip Energies and National Petroleum Construction Company create joint venture to accelerate energy transition
The new joint venture NT ENERGIES LLC aims to support energy transition in the UAE, the broader Middle East region and North Africa by providing added value services in blue and green hydrogen and related decarbonization projects
Saudi minister sees lack of refining capacity in market, not lack of oil
Saudi Arabia's foreign minister said that he saw no shortage of oil in the market, but a lack of oil refining capacity, making it necessary to invest more in capacity to process crude oil into various oil products.
Gazprom tells Europe gas halt beyond its control
Gazprom has told customers in Europe it cannot guarantee gas supplies because of 'extraordinary' circumstances.
Dragos and Emerson announce partnership to bring OT cybersecurity to the industrial plant floor
Process industries such as oil & gas, chemical, food & beverage, pharmaceutical, pulp & paper, metals & mining, and dozens of others are rich targets for cyberattacks.
Karbala oil refinery to start production before year end
Production at Iraq's Karbala oil refinery south of Baghdad will begin by the end of the year.
The downstream rundown: In case you missed it 7/15
In case you missed any downstream news, here are the top stories from last week.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
