Downstream contract news

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.

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

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.

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.

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

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.