Downstream news updates

SK Innovation has been selected to lead a landmark LNG power project in Nghe An Province, Vietnam.

INEOS has announced a €300 million investment supported by French government grants that will deliver the next phase of its Lavera regeneration plan and cut carbon dioxide emissions by 331 000 tpy.

Worley will provide technical advisory and client engineering support for the development of New Zealand’s LNG import terminal.

Ton Beems and Mark Hellinghuizer, Yokogawa Europe, consider the relationship between safety and cybersecurity within the downstream sector, and the importance for operators to invest in strong systems.

HAMR Energy has announced the close of its AUS$10 million Series A funding round, securing investment from major aviation companies Airbus and Qantas, as well as leading global industrial firm thyssenkrupp Uhde.

Dangote Industries Ltd has entered into a strategic cooperation agreement with XCMG Construction Machinery Co. Ltd in a move aimed at strengthening infrastructure delivery, industrial capacity, and green project development across Africa.

Transition Industries LLC has signed a long-term methanol sales and purchase agreement (SPA) with Mitsubishi Gas Chemical Co., Inc. (MGC) for the offtake of ultra-low carbon methanol from its Pacifico Mexinol project, Mexico.

US exports of refined petroleum products have increased steadily over 2025, with exports totalling 6.3 million bpd in January 2026, about 10% more than in January 2025 and near record highs, according to data from Vortexa.

ExxonMobil’s third advanced recycling unit at it's complex in Baytown, Texas, US, is now operational.

BASF’s Intermediates division is set to strengthen supply security for its European customers in the 1,4-butanediol (BDO) value chain through increased production at its BDO plant in Ludwigshafen, Germany.

Geoinform Ltd has signed a strategic cooperation agreement with Baker Hughes to various introduce oil and gas technologies aimed at of meeting emerging market demands and improving operational efficiency.

Caturus has announced the signing of a sale and purchase agreement between Commonwealth LNG and Aramco Trading, a subsidiary of Saudi Aramco.

The Tank Storage Association has officially launched its 2026 Careers Week campaign, an initiative aimed at showcasing career and apprenticeship opportunities in the bulk storage and energy infrastructure sector.

DNV's 'Energy Transition Outlook 2026' suggests Gulf Cooperation Council (GCC) countries are cutting the emissions intensity of their core oil and gas production while continuing to play a central role in global energy supply.

Worley has been awarded a contract by Samsung C&T Corp. to deliver detailed engineering services for the QatarEnergy LNG Carbon Dioxide Sequestration Project in Qatar.

Oxford Flow has announced its entry into the Japanese market through a new distribution and collaboration partnership with fluid control valve provider, VENN.

The US Energy Information Administration has reported that many US states slightly increased their taxes and fees on gasoline in 2025, with highs recorded in California and lows in Alaska.

Syntholene Energy has selected Dynelectro as the electrolyser technology vendor for its synthetic fuel demonstration facility in Iceland.

YPF, Eni, and XRG have announced they have signed a binding joint development agreement to advance Argentina LNG.

INERATEC has begun collaborating with a consortium that is advancing the evaluation of a potential e-Fuel value chain at the Biobío region, Chile.

EIA forecasts that production of petroleum and other liquids will continue to exceed global demand, which results in Brent crude oil prices falling from an average of US$69/bbl in 2025 to US$58/bbl in 2026 and US$53/bbl in 2027.

Borouge, Borealis, Catalytic Finance Foundation, Pelita Mekar Semesta (PMS), and Reciki Solusi Indonesia, are set to establish Indonesia’s first fully integrated circular waste management ecosystem.

Exolum, Methanex Corp., and Ørsted, have announced the launch of the UK’s first commercially ready bio-methanol storage and supply service for shipping at the Port of Immingham.

ABB has launched a new software-as-a-service (SaaS) option for its energy management and optimisation platform, ABB AbilityTM OPTIMAX® 7.0, alongside improved advanced process control software.