Downstream contract news

The API has joined organisations representing ethanol producers, oil refiners, fuel marketers, travel plazas, truck stops, and convenience store retailers to express the need for long-term policy certainty across the fuel sector.

Idemitsu Kosan Co. Ltd has partnered with Kanematsu Corp. to become the first Japanese oil refiner to begin supplying bio-blended fuel, a blend of heavy oil and FAME, to ocean-going vessels.

ITT Inc., a provider of highly engineered critical components, has announced it has entered into a definitive agreement with Lone Star Funds to acquire SPX FLOW, a provider of highly engineered equipment and process technologies.

DataPARC has announced a strategic partnership with Hitachi Systems to integrate dataPARC’s industrial data platform into Hitachi’s suite of digital manufacturing solutions.

Reganosa Servicios has been chosen by Squadron Energy to operate and maintain the onshore part of the Port Kembla Energy Terminal, New South Wales, Australia.

Shell has signed a long-term agreement to purchase SAF from Green Sky Capital, which has contributed to providing commercial certainty for investors to move forward with plans to build a commercial-scale SAF plant in Egypt.

Eni has entered a long-term LNG sale agreement with BOTAS to supply 0.4 million tpy of LNG.

Jackson County Economic Development Foundation (JCEDF) has hosted a groundbreaking ceremony for BWC Terminals’ new facility in Pascagoula, Mississippi, US, which will receive, store, and deliver petroleum products.

TotalEnergies, TES, Osaka Gas, Toho Gas, and ITOCHU have signed a joint development and operating agreement, granting the Japanese companies a combined 33.3% stake in the Live Oak project.

Centrica plc has announced the completion of its Grain LNG acquisition in partnership with Energy Capital Partners from National Grid for an enterprise value of £1.5 billion.