Downstream contract news

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.

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

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.

Emerson has announced a new flameproof model for the Rosemount™ 965 Flame Detector, adding hazardous-location certification for applications where reliable hydrocarbon flame detection is required.