Downstream news updates

Kent has announced the signing of Long-Term Agreements and Project Management Consultancy agreements with Aramco, further establishing the company’s presence in the Kingdom of Saudi Arabia.

Shell Bahamas Power Company Inc. has taken a final investment decision on an LNG regasification terminal in the Bahamas.

Emerson has introduced software that automates two of refining’s most time-intensive and margin-critical processes: crude scheduling and product blending.

RapiCure has announced that it has been selected by Chevron Technology Ventures for its Catalyst Program™ aimed at accelerating technology innovation within the energy sector.

Axens has announced the launch of the ERA project, France’s first industrial-scale SAF production unit based on advanced bioethanol.

Petroleum markets in 2Q26 were characterised by continued disruptions to international crude oil and petroleum product flows through the Strait of Hormuz, contributing to higher and more volatile crude oil prices through most of the quarter, the EIA has reported.

UNIMOT Paliwa imported a seaborne shipment of crude oil to Gdansk in July 2025, which will be transported from the Naftoport terminal to the PCK refinery in Schwedt, Germany, using PERN's pipeline infrastructure.

Emerson has helped Rompetrol Rafinare reduce distributed control system alarm volumes by more than 95% using DeltaV™ AgileOps operations management software at its Petromidia refinery in Navodari, Romania.

Topsoe and Sasol have signed a licensing agreement with Allied Biofuels to provide technologies for its eSAF and bio-based SAF production facility located in the Khorezm region of Uzbekistan.

Siemens Energy announces new independent brand name following spin-off from Siemens AG in 2020.

Glenfarne Group, LLC announced a US$500 million investment with lead investors being investment funds and accounts managed by global investment firm, HPS Investment Partners, a part of BlackRock.

Ferguson Enterprises Inc. has announced that it has entered into a definitive agreement to acquire FWI Holdings, Inc. (FloWorks), an industrial distributor and service provider of highly technical valves and flow control solutions, from Wynnchurch Capital L.P.

OMV has received a €450 loan from the European Investment Bank (EIB) for the construction of its 140 MW green hydrogen production facility in Austria to significantly contribute to the decarbonisation of its Schwechat refinery.

INERATEC and Zeopore have collaborated to increase the efficiency of CO2-neutral fuels and support the competitive scale-up of sustainable fuel and chemical production.

After the war in the Middle East began, fuel prices at the pump surged in some countries and barely moved in others. The IEA offers commentary.

The European Commission has approved, under the EU Merger Regulation, the proposed acquisition by Baker Hughes of Chart Industries, both headquartered in the US.

Technip Energies has awarded Yokogawa Corp. of America the role of main automation contractor for the Commonwealth LNG project.

OXEA has announced its Final Investment Decision (FID) for a major capacity expansion at its Bay City, Texas, US, production site.

Mantel has announced a strategic supply agreement with Aalborg CSP to develop standardised plant designs for Mantel’s molten salt tank systems for carbon capture systems.

Catalyxx has secured a €20 million grant in EU funding through RenewChem for the construction of Catalyxx's first commercial bio-based chemicals plant in Europe.

UAB Ignitis has secured an additional 2 TWh of annual regasification capacity on the secondary market for the period of 2033 – 2044 for KN Energies’ Klaipeda LNG terminal.

US petroleum exports reached a record in April as disruptions to international crude oil and refined product flows through the Strait of Hormuz increased global demand for US exports, the US EIA has reported.

Heurtey Petrochem Solutions has been selected by Transition Industries as the electrical tubular furnace provider for the Pacífico Mexinol project, a world-scale ultra-low-carbon methanol production facility under development in Mexico.

INEOS and Norwegian recycling company Recuro have signed a Memorandum of Understanding to develop an advanced recycling facility at INEOS’ Bamble polymer site in Norway.