Downstream contract news
Nuberg EPC wins IOCL’s propylene purification package
Nuberg EPC has been awarded a propylene purification package (PPP) contract by Indian Oil Corp. Ltd. (IOCL).
Samsung Engineering receives FEED contract for Saudi petrochemical project
Samsung Engineering has received the NoA (Notice of Award) for the FEED contract for a petrochemical plant from Alujain National Industrial Co. (LNIC) in Saudi Arabia.
Aramco to enter South American market
Aramco has agreed to purchase a 100% equity stake in Esmax Distribusción SpA (Esmax), a downstream fuels retailer in Chile.
DNV acquires ANB Systems
DNV has acquired ANB Systems to enhance its digital energy management capabilities and accelerate the energy transition.
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.