Downstream contract news

Limetree Bay Energy has announced that it is suspending its plans to restart its refinery indefinitely, due to severe financial constraints.

Motiva Enterprises has executed a long-term supply agreement with Aramco base oil affiliate S-Oil Corp. that will more than double Motiva’s current offer for Group III base oil in North America.

Orbital Sidekick (OSK) has announced the upcoming launch of its newest and most powerful hyperspectral imaging satellite, Aurora.

Mammoet-Haisla Joint Venture (J.V.) has completed the pile handing scope for the LNG Canada project through JGC-Fluor Joint Venture in Kitimat, British Columbia, Canada.

Pavilion Energy and bp Singapore have signed an agreement for the supply of approximately 0.8 million tpy of LNG to Singapore for 10 years from 2024.

MAN Energy Solutions and the thyssenkrupp business unit Uhde have signed an agreement to drive forward the development, testing and marketing of autonomous turbomachinery systems operation for the nitric acid production industry.

Crown LNG, a Norwegian group which specialises in developing LNG infrastructure for harsh weather conditions, has initiated development of an LNG terminal offshore Kakinada, India.

Air Liquide has partnered with Samsung Engineering for a methanol plant in Sarawak, Malaysia.

Asia is expected to dominate the global new build and expansion regasification capacity additions, contributing about 74% of the total global capacity additions by 2025, according to GlobalData.

Jizzakh Petroleum JV LLC has signed an MOU for the financing of the new greenfield gas chemical complex based on Methanol-to-Olefins (MTO) technology to be built in the Bukhara region of Uzbekistan.