Industry professionals and educators share insight on how ramp up the oil and gas workforce despite current challenges.
Bringing Back Our People: Industry Combats Workforce Challenges

Monday, February 20, 2017 Industry professionals and educators share insight on how ramp up the oil and gas workforce despite current challenges.
Read More

  Current Downstream Headlines

Outlook & Insights
Op-Ed: No FERC Quorum May Delay Oil, Gas Infrastructure
(Friday, February 17, 2017) The Federal Energy Regulatory Commission agency needs a Trump appointment to give it enough members to regulate interstate pipelines and natural gas, oil infrastructure projects.

COLUMN-U.S. Natural Gas Market Tightens Despite Exceptionally Mild Winter
(Friday, February 17, 2017) Warm weather has masked how much the underlying supply and demand picture for U.S. natural gas has tightened this winter thanks to lower production and strong exports.

COLUMN-U.S. Diesel Demand Poised for Boost from Freight Recovery
(Thursday, February 16, 2017) Freight movements across the United States are showing signs of sustained growth, which should help push domestic diesel consumption higher this year.

Mitsubishi Heavy Bets on New US Turbomachinery Demand
(Thursday, February 16, 2017) Japan-based industrial firm expanding reach within U.S. oil and gas market.

COLUMN-Milestones On The Oil Market's Road To Rebalancing
(Tuesday, February 14, 2017) Crude oil stockpiles are expected to empty significantly during the third quarter as continued production restraint from OPEC interacts with the seasonal increase in consumption.

Refining
Indian Refiner Said to Review $8 Billion Spend on Tax Shock
(Monday, February 20, 2017) Indian Oil Corp., the nation's top refiner, is reconsidering plans to invest $8 billion in the country's east after a provincial government threatened to withdraw promised tax breaks, people with knowledge of the matter said.

Gasoline Glut in New York Has Traders Sending Cargoes Abroad
(Monday, February 20, 2017) The biggest gasoline market in the U.S. is bursting at the seams.

Algeria Attracts 49 Initial International Offers for New Refineries -Source
(Monday, February 20, 2017) Algeria has attracted 49 offers from international energy companies to build four refineries worth a total $6 billion, a state energy firm Sonatrach source told Reuters on Monday.

Twenty Offers for Moroccan Refiner Samir - Administrator
(Monday, February 20, 2017) The court-appointed manager of Morocco's oil refiner Samir said on Monday he had received about 20 offers for the company from foreign investors.

After OPEC Cuts Heavy Oil, China Teapot Refiners Pull U.S. Supply to Asia
(Monday, February 20, 2017) Chinese independent, or teapot, refiners are bringing in rare cargoes of North American heavy crude in a new long-distance flow that traders say has only been made possible by OPEC's output cuts and ample supplies in Canada and the United States.

Biofuels
Wind Power Briefly Sets Record As Source for Electricity in U.S.
(Tuesday, February 14, 2017) Wind briefly powered more than 50 percent of electric demand on Sunday, the 14-state Southwest Power Pool (SPP) said, for the first time on any North American power grid.

EU Clears German Plan for Electric Vehicle Charging Network
(Monday, February 13, 2017) The plan, at a total cost of 300 million euros ($319.4 million) over four years, will require that the electricity comes from renewable energy sources.

Europe to Invest in Renewables Despite Trump - Electricity Lobby
(Friday, February 10, 2017) European utilities will not reduce their investments in renewables if U.S. President Donald Trump lowers U.S. climate goals, encouraged by Chinese and EU political commitments to low carbon energy, electricity lobby Eurelectric said.

UK Grocer First in Europe to Use New Trucks Fuelled by Food Waste
(Thursday, February 09, 2017) A British supermarket has become the first retailer in Europe to use a new type of tank that keeps trucks motoring on fuel made from food waste for 500 miles, almost twice the current average.

Green Plains Sees 2017 U.S. Ethanol Exports at Record
(Thursday, February 09, 2017) The U.S. ethanol industry is poised to export record volumes of the biofuel in 2017, said Green Plains Inc on Thursday, as the company forecast a year of demand growth and flagged plans to expand in food ingredients.

Petrochemical
Clariant CEO Plays Down Speculation of Plastics Unit Sale
(Friday, February 17, 2017) Clariant's Chief Executive Hariolf Kottmann has doused speculation the Swiss speciality chemical maker could soon unload its plastics and coatings business and use the proceeds to buy a big, faster-growing target.

Full Start of India's Reliance Petchem Will Halt Heavy Exports
(Friday, February 17, 2017) The owner of the world's biggest refining complex will halt heavy naphtha exports in 2017/18 after the full-scale start-up of its 2.2 million tonnes per year (tpy) paraxylene plant, four people with knowledge of the matter said.

South Korea's LPG Demand Revives with Switch to Petrochemicals
(Friday, February 17, 2017) U.S. LPG exporters stand to benefit most from the change.

BASF Foam Chemical Plant Suffers Further Setback
(Wednesday, February 15, 2017) BASF's glitch at its plant in Ludwigshafen, Germany might give a boost to competitors such as Bayer's Covestro, Wanhua, Mitsui and Dow Chemical.

Bank of England Says to Stick with Animal-fat Banknotes for Now
(Wednesday, February 15, 2017) The Bank of England said on Wednesday it would keep using trace amounts of animal fat to make new plastic banknotes.

Pipelines
Iraq, Iran Consider Building Pipeline to Export Kirkuk Crude
(Monday, February 20, 2017) Iraq and Iran signed a memorandum of understanding on Monday to study the construction of a pipeline to export crude oil from the northern Iraqi fields of Kirkuk via Iran, the Iraqi oil ministry said in a statement.

Governor, Army Corps Block Deadline Extension for Dakota Pipeline Protester
(Friday, February 17, 2017) Federal officials and North Dakota's governor on Thursday refused to extend next week's evacuation deadline for activists living in camps that have been a base for months for demonstrations against the multibillion-dollar Dakota Access oil pipeline.

Bulgaria Gas Group Says Gets EU Funds for Gas Hub Study
(Friday, February 17, 2017) Sofia's plans for the hub follow the cancellation of Gazprom's South Stream gas pipeline project that would have shipped Russian gas under the Black Sea via Bulgaria to central Europe.

Bombing Halts Pumping on Colombia's Cano-Limon Oil Pipeline
(Friday, February 17, 2017) Pumping operations along Colombia's second most important oil pipeline, the Cano-Limon Covenas, was halted due to a bomb attack by rebels from the Marxist ELN group, a high-ranking military official said on Friday.

Enbridge CEO Says Canada Only Needs Two More Export Pipelines
(Friday, February 17, 2017) Two new crude oil export pipelines will provide enough capacity to ship Canadian production to market until at least the mid 2020s, Enbridge Inc Chief Executive Al Monaco said on Friday.

Terminals & Storage
Shell Shakes Up Oil Trading World With Brash Buying Sprees
(Monday, February 20, 2017) The giant tankers anchored along the Scottish coast in the Firth of Forth weren't going anywhere. They were just providing floating storage because there was no demand for their cargo, North Sea crude oil.

Gasoline Glut in New York Has Traders Sending Cargoes Abroad
(Monday, February 20, 2017) The biggest gasoline market in the U.S. is bursting at the seams.

Weird Things Are Happening in the Salt Caverns of Mont Belvieu
(Friday, February 17, 2017) Prices for fuel stored in the salt caverns of Mont Belvieu, Texas, have gone a little berserk.

Iraq Plans To Acquire 'Large Fleet' Of Oil Tankers
(Friday, February 17, 2017) Iraq plans to acquire a "large fleet" of oil tankers to transport the OPEC nation's crude to global markets, Oil Minister Jabar al-Luaibi says.

Bulgaria Gas Group Says Gets EU Funds for Gas Hub Study
(Friday, February 17, 2017) Sofia's plans for the hub follow the cancellation of Gazprom's South Stream gas pipeline project that would have shipped Russian gas under the Black Sea via Bulgaria to central Europe.

LNG / LPG
Shell Says New LNG Buyers Want Shorter, Smaller Contracts
(Monday, February 20, 2017) Royal Dutch Shell, the world's biggest liquefied natural gas (LNG) trader following its takeover of BG Group last year, said new LNG customers that will drive demand are looking for shorter and smaller contracts.

Fluor to Support FEED for Woodfibre Project Near Vancouver
(Friday, February 17, 2017) Fluor Corp. has signed a subcontract with JGC America, Inc. to provide construction-related support to the FEED services for the Woodfibre LNG project in Squamish, British Columbia, Canada, Fluor announced late Thursday.

LNG Fights a Losing Battle in India as Taxes Weigh on Demand
(Friday, February 17, 2017) A province governed by India's Prime Minister Narendra Modi for 13 years is impeding his plans to promote clean energy.

Japan's Heavyweight LNG Buyers Wrestle More Flexible Deals from Suppliers
(Friday, February 17, 2017) Japan's LNG buyers are upending the traditional practices of the market.

South Korea's LPG Demand Revives with Switch to Petrochemicals
(Friday, February 17, 2017) U.S. LPG exporters stand to benefit most from the change.

Commodities
Platts Revamps Brent Oil Benchmark for First Time in a Decade
(Monday, February 20, 2017) Oil pricing agency S&P Global Platts is making the first major overhaul of its Brent oil price assessment in a decade, to address falling supplies of the crude oil grades underpinning the benchmark that prices most of the world's oil.

U.S. Gasoline Margins Hit 1-year Low on Oversupply Fears -Traders
(Friday, February 17, 2017) U.S. gasoline margins fell by more than 11 percent early on Friday, hitting one-year lows as record inventories and signs of weakening demand dampen expectations and upend trade flows.

Oil Steady, But Down For The Week As Glut Worries Face OPEC Cuts
(Friday, February 17, 2017) Oil prices ended steady but lower on the week, with US crude notching its first weekly decline in five weeks.

Oil Rises Modestly in Tight Trade, Boosted by OPEC Hopes
(Thursday, February 16, 2017) Oil prices end modestly higher, as the market weighed swelling U.S. inventories against possible renewed efforts by major oil producers to reduce a price-sapping glut.

Oil Settles Relatively Flat Despite Record Rise To US Crude Stocks
(Wednesday, February 15, 2017) Oil prices trended down in pre-market trading early Wednesday and fell furter on an EIA report.

Finance & Acquisition
Enbridge Reports Quarterly Profit, North Sea Windfarm Stake
(Friday, February 17, 2017) Enbridge Inc, Canada's largest pipeline company, reported a smaller than expected quarterly profit on Friday, and also announced a C$1.7 billion ($1.3 billion) investment in a North Sea windfarm.

Saudi Arabia Debating Shape of Aramco Ahead of IPO - Sources
(Friday, February 17, 2017) Saudi Arabia is considering two options for the shape of Saudi Aramco when it sells shares in the national oil giant next year: a global industrial conglomerate, and a specialised international oil company, industry and banking sources said.

Dutch Oil Storage Company Vopak Warns of Wait for Profit Growth
(Friday, February 17, 2017) Dutch oil and chemical storage company Vopak warned investors that core profit might not rise until 2019 as divestment plans and cost cuts take time to pay off, sending its shares down as much as 10 percent.

FTC Approves Enbridge Deal to Buy Spectra with Conditions
(Thursday, February 16, 2017) Canada's Enbridge Inc and Spectra Energy Corp have won U.S. antitrust approval for a $28 billion merger that will create the largest North American energy infrastructure company.

Origin Energy Misses Profit Forecasts, Hit by Weak LNG Revenue
(Thursday, February 16, 2017) Origin Energy Ltd fell far short of analysts' forecasts on Thursday, reporting a 28 percent drop in half-year underlying profit as weak oil prices hit revenue at its Australia Pacific liquefied natural gas (APLNG) project.

People on the Move
Bringing Back Our People: Industry Combats Workforce Challenges
(Monday, February 20, 2017) Industry professionals and educators share insight on how ramp up the oil and gas workforce despite current challenges.

Senate Confirms Pruitt, Giving EPA Foe Control of Agency
(Friday, February 17, 2017) Pruitt built his political career fighting federal regulations he said stripped power away from states, frequently tangling with the very agency he will now head.

UK Oil, Gas Companies to be 'Disproportionately Affected' by New Levy
(Monday, February 13, 2017) A new apprenticeship levy scheduled to come into effect in April will hit the UK oil and gas industry harder than other sectors, OPITO suggests.

BLOG: Energy Search Firm Founder Creates Website to Assist Job-Seekers
(Wednesday, February 08, 2017) What began as helpful advice to job candidates turns into a website dedicated to helping them in their job search.






Home || Jobs || News || Projects || Events || Glossary

Newsletters || Privacy Policy || Contact Us || About Us || Advertise


Copyright © 2017 DownstreamToday.com. All rights reserved.
A Service of Rigzone.com