Downstream contract news

Baker Hughes has announced the signing of two strategic agreements to accelerate the revitalisation of Venezuela’s energy infrastructure across the natural gas value chain and expansion of the country’s energy production.

ADNOC has signed a multi-year sales and purchase agreement with Gulf Group for the supply of up to 2 million t of LNG into Asia.

Perpetual Next and Lhyfe are set to explore the potential long-term supply of renewable hydrogen to a new biomethanol facility in Delfzijl, the Netherlands.

Petroleum markets in 3Q26 were characterised by increasing prices for crude oil and petroleum products amid persistent conflict in the Middle East, the US EIA has reported.

Dondel has officially launched its green hydrogen-coupled, CO2 to-sustainable aviation fuel (SAF) project in Xinjiang, China.

KKR has announced the signing of definitive agreements under which funds managed by KKR will make a majority investment in Cisternina Logistics Private Ltd, a bulk liquid and gas storage and logistics business in India.

NorSAF has agreed to collaborate with Nova Pangaea Technologies to develop an advanced ethanol production plant in Latvia to supply NorSAF’s SAF facility.

Société Africaine de Raffinage (SAR) has signed an agreement with Yamata for the construction of a second refinery of 4 million tpy and the modernisation of the Mbao refinery, Senegal.

NextDecade has received the permit from the US Army Corp of Engineers for the Rio Grande LNG Train 6 expansion project.

Dangote Petroleum Refinery and Petrochemicals FZE has selected Honeywell Technologies to provide process technologies, licensing, engineering services, proprietary catalysts, equipment, and digital solutions for its planned 700 000 bpd refinery in Kenya.