Downstream contract news
Lummus and RWDC announce agreement
Lummus and RWDC have announced an agreement aiming to increase global availability and adoption of a natural alternative to petroleum-based plastics.
BP enters third long-term LNG offtake contract from Woodfibre’s British Columbia LNG facility
BP has entered its third long-term LNG offtake contract from the Woodfibre LNG facility based in British Columbia, Canada.
New ASEAN Energy to invest in petrochemical complex in Southeast Asia
New ASEAN Energy, Inc. has been established to acquire an equity interest in a petrochemical complex in Southeast Asia, one of the fastest growing regions in the world.
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.