Downstream contract news
Exolum completes transaction to acquire a minority stake in SeaSeaS Amsterdam CO2 terminal project
Exolum has completed the acquisition of a minority stake in SeaSeaS Amsterdam, a project developing a multimodal CO2 export terminal at the Port of Amsterdam, the Netherlands.
Air Canada and Airbus launch joint initiative to scale domestic Canadian SAF
Air Canada and Airbus have announced their intent to establish a jointly funded Sustainability Co-Investment Platform to invest up to approximately CAN$13.7 million through the platform to support a commercial-scale SAF industry in Canada.
Argent LNG submits waterway suitability assessment to US Coast Guard
Argent LNG has announced the formal submission of its waterway suitability assessment to the US Coast Guard, marking a significant step in the company’s engagement with the full suite of federal agencies required for its LNG export project.
Convertus announces financial close of $135 million project financing for biofuel facility
Convertus Group has announced the successful financial close of $135 million in project financing for its flagship biofuel facility located in York Region, Ontario, Canada.
BHEL secures order from Dangote Petroleum Refinery
Bharat Heavy Electricals Ltd has secured a significant order for the supply and supervision of erection and commissioning of eight gas turbine generator packages from Dangote Refinery, Nigeria.
BP completes sale of Gelsenkirchen refinery to Klesch Group
BP has completed the sale of Gelsenkirchen refinery, Germany, and related businesses to Klesch Group.
EIA: China’s crude oil imports fell in 2Q26
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.
MERA Oil enters final stage of site selection for planned US$5 billion refinery
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 wins major order from Kuwait Oil Co. for hydrocarbon onshore business
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 approves development of the Cronos gas field to supply Europe with LNG
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.