Downstream Report

BP agrees to sale of Alabama petrochemical complex

BP has agreed to sell its petrochemical complex in Decatur, Alabama, to Indorama Ventures Public Company Limited, as part of a previously announced effort to refocus its global petrochemicals business for improved profitability and long-term growth.

  • BP PR
  • January 6, 2016
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Cozmo agrees to acquire Maruzen Petrochemical

Cozmo agrees to acquire Maruzen. MPC owns and operates one of the most competitive naphtha crackers in Japan but the petrochemical industry faces increasing competition in the future for reasons such as the North American and Chinese competitors

  • Cozmo Energy Holdings PR
  • March 11, 2016
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Axalta Coating Systems to Acquire Dura Coat Products

Axalta Coating Systems, a leading global supplier of liquid and powder coatings, announced that it has entered into a definitive agreement to acquire Dura Coat Products.

  • June 27, 2016
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Dow and DuPont Stockholders Approve Merger

DuPont and The Dow Chemical Company announced that, at their respective special meetings of stockholders held today, stockholders of both companies have voted to approve all stockholder proposals necessary to complete the merger of equals transaction – a key milestone in the process to merge the two companies and subsequently pursue the intended spins of three highly focused, independent companies.

  • PRNewswire
  • July 20, 2016
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Chevron Approves Next Major Tengiz Expansion Project in Kazakhstan

Chevron to expand the Tengiz Project. The project will raise TCO’s total production to approximately 1 million barrels of oil equivalent per day. WPMP maximizes the value of existing TCO facilities by extending the production plateau and keeping existing plants producing at full capacity.

  • Chevron PR
  • July 5, 2015
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Enable Midstream Completes Bradley II Processing Plant

Enable Midstream Partners LP announced the completion of the Bradley II Plant, a 200 million cubic feet per day (MMcf/d) natural gas processing plant located at Enable’s Bradley Processing Complex in Grady County, Oklahoma.

  • Enabel Midstream PR
  • July 11, 2016
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Valero Starting New Crude Unit at Corpus Christi Refinery

Valero Energy Corp is starting up a new crude unit at the Corpus Christi Refinery. The $350 million, 70,000 barrels-per-day unit at the company's 205,000 bpd Corpus Christi refinery will enable the refinery to run lighter crudes.

  • Reuters - Kristen Hays
  • December 14, 2015
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NOVATEK makes first LNG shipment from Trinidad & Tobago

OAO NOVATEK (“NOVATEK”) announced today that Novatek Gas & Power, a wholly owned trading subsidiary of NOVATEK, has supplied its first LNG cargo sourced from the Trinidad & Tobago LNG plant, to Chile, port Quintero.

  • July 7, 2016
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Devon Energy announced it will sell its 50 percent ownership in Access Pipeline to Wolf Midstream

Devon Energy announced that it has entered into an agreement to sell its 50 percent ownership interest in Access Pipeline to Wolf Midstream Inc., a portfolio company of Canada Pension Plan Investment Board, for CAD $1.4 billion.

  • Devon Energy
  • July 14, 2016
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Southern Company, Kinder Morgan Enter Southern Natural Gas Pipeline Strategic Venture

Southern Company and Kinder Morgan announced a natural gas pipeline venture through Southern Company’s acquisition of a 50 percent equity interest in the Southern Natural Gas (SNG) pipeline system. Kinder Morgan will continue to operate the system.

  • Southern Company PR
  • July 10, 2016
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