Downstream contract news
Venture Global and Baker Hughes announce expanded master equipment supply agreement
Venture Global LNG has announced its long-term expansion plan to increase production from 70 million tpy to more than 100 million tpy of nameplate LNG export capacity.
Commonwealth LNG and Baker Hughes sign strategic agreement
Commonwealth LNG has signed a strategic agreement with Baker Hughes related to Commonwealth LNG’s facility under development in Louisiana, US.
TotalEnergies acquires 40% interest in carbon dioxide storage exploration licence
TotalEnergies has signed an agreement with CapeOmega Carbon Storage AS, to acquire the 40% participating interest held by CapeOmega in the carbon dioxide storage exploration licence, ExL004.
Mytilineos announces acquisition of EfaEnergy
Mytilineos has announced the acquisition of EFAEnergy, a natural gas retailer.
BP and OMV sign LNG supply agreement
BP and OMV have signed a long-term sales and purchase agreement (SPA) covering supply of up to 1 million tpy of LNG.
Aramco to acquire a stake in Rongsheng Petrochemical
Aramco has completed a US$3.4 billion purchase to acquire a 10% interest in Rongsheng Petrochemical Co. Ltd.
ExxonMobil announces acquisition of Denbury
ExxonMobil has entered into a definitive agreement to acquire Denbury Inc, a developer of CCUS solutions.
Technip Energies and LanzaTech to collaborate on CO2-to-ethylene technology
Technip Energies and LanzaTech Global, Inc. have signed a joint collaboration agreement to create a new pathway to sustainable ethylene.
Baker Hughes to supply liquefaction trains for NextDecade’s Rio Grande LNG Project
Baker Hughes has been awarded an order by Bechtel Energy Inc. to supply three main refrigerant compressors (MRCs) for NextDecade’s Rio Grande LNG project.
LyondellBasell announces investment in carbon neutrality venture fund
LyondellBasell has announced its investment in a new carbon neutrality fund led by Chrysalix Venture Capital.