Downstream news updates

Summit Technology has launched its new PowerSight® Remote Monitoring service, a remote monitoring solution for portable power analysers.

Worley has been awarded a framework agreement with INPEX Operations Australia Pty Ltd to support its operations in Australia.

We discuss the importance of accurate sampling, ethical refining, and technical expertise in the recovery of precious metals from spent catalysts with Brad Cook, Vice President of Sales and Marketing, Sabin Metal Corp.

China, the world’s largest importer of crude oil, imported less crude oil in 2Q26 following higher crude oil prices that resulted from disrupted flows through the Strait of Hormuz, the US EIA has reported.

MWG Enterprises, Patel Family Office, and PWS have together launched MERA Oil, a US-Saudi private consortium, and entered the final stage of selecting a host for their planned US$5 billion integrated refinery and energy export corridor.

L&T Energy Hydrocarbon Onshore business has secured a major engineering, procurement, and construction order from Kuwait Oil Co. for its key Jurassic Light Oil export facilities and the upgrade of existing export network.

TotalEnergies (50%) and Eni (50%, operator), partners in Cyprus offshore Block 6, have taken the Final Investment Decision for the development of the Cronos gas field, discovered in 2022 and successfully appraised in 2024.

Wood has been awarded a new contract from Binh Son Refining (BSR) to carry out Project Management Consultancy services for the Dung Quat Refinery Upgrade and Expansion Project in Vietnam.

Uniper and Ksi Lisims LNG have signed an LNG sale and purchase agreement for 2 million tpy of LNG on an FOB basis for up to 20 years.

Nuberg EPC has executed the design and supply of a 100 - 150 tpd Emergency Chlorine Absorption System for BRINSA, located in Bogotá, Colombia.

The value of energy trade between the US and Canada fell by 11% in 2025 to an estimated US$137 billion, according to data from the US Census Bureau, the US EIA has reported.

Ebara Elliott Energy has been awarded a landmark contract by Larsen & Toubro Ltd to supply advanced compressor technology for a mega-scale gas infrastructure development project in the Middle East.

Siemens has announced the launch of SIMATIC AX WinCC Unified Elements, an IT-like engineering application for the SIMATIC WinCC Unified system.

Baker Hughes has announced a major order from Venture Global LNG to provide a comprehensive liquefaction solution for its CP2 LNG expansion project in Louisiana, US.

Energia Costa Azul, the second LNG export facility in Mexico, shipped its initial cargo from Phase 1 of the terminal on 8 July 2026, according to the project developer, the US EIA has reported.

HAMR Energy has secured up to AUS$32 million in conditional funding from the Australian Renewable Energy Agency to advance its landmark decarbonisation projects.

Recent Wood Mackenzie’s analysis warns that European gas storage at a historically low level, combined with renewed Strait of Hormuz disruption, has driven spot prices more than 50% above their June lows and placed winter 2026/27 supply security at risk.

The Eastern Mediterranean Petrochemical Industrial Zone and Port, developed by Rönesans Holding in Ceyhan, Adana, Türkiye, has entered a new phase of development driven by new investments, ongoing infrastructure works, and growing international investor interest.

Asia continues to account for a major share of the global project pipeline, supported by ongoing investments in petrochemical plants, conventional refinery, transmission pipelines, and oil storage projects, GlobalData has reported.

Gulf crude exports fall 82% from January to June; Iraq, Kuwait and Qatar record zero exports as Strait of Hormuz remains severely constrained, Wood Mackenzie has reported.

Johnson Matthey Plc has announced the completion of its acquisition of CORMETECH Inc., following the satisfaction of customary closing conditions including all regulatory approvals.

The Middle East is poised to dominate global methanol capacity additions by 2030, driven primarily by its access to abundant and cheap natural gas, which is a primary feedstock for methanol production, GlobalData has reported.

Increased segmentation in Europe’s recycled low density polyethylene market has prompted ICIS to introduce a new flexible natural transparent rLDPE pellet price as part of its existing recycled polyethylene pricing service.

For the week ending 17 July 2026, commercial crude oil inventories (excluding the Strategic Petroleum Reserve) increased 2.0 million barrels to 411.7 million barrels, 6% below the previous five-year (2021 - 2025) average, the US EIA has reported.