Downstream contract news

Lantern LNG Holding Company, LLC has announced its intention to use Honeywell as the end-to-end LNG technology and automation solutions provider for its planned offshore LNG development located off the coast of Texas in Matagorda Bay, US.

Between the week ending March 20 and the week ending April 24, the US DOE released a total of 17.5 million bbl of crude oil from the US Strategic Petroleum Reserve, according to the EIA.

The UAE's withdrawal from OPEC, effective 1 May 2026, represents the most significant fracture in the organisation's 66-year history and increases the risk of oversupply weakening prices, according to Wood Mackenzie.

INEOS Acetyls and Sandpiper Chemicals, LLC today announced the formation of a strategic collaboration in support of Sandpiper’s low-carbon methanol production facility in Texas City, Texas, US.

MAIRE has announces that Nextchem, through its subsidiary Conser has been awarded licensing, process design package, and technical services for a new plant to produce Trimellitic Anhydride in China.

Emerson has announced the successful deployment of an AI-driven optimisation solution for Aramco, with the integration of Emerson’s Aspen Hybrid Models™ into Aramco’s existing refinery planning framework.

Phillips 66 Limited has announced that it has completed the acquisition of the assets and associated infrastructure of Prax Lindsey Oil Refinery Ltd, UK.

Guangdong Liquid Sunshine has selected Johnson Matthey as a technology partner for its first commercial scale project – a biomethanol plant planned in Tiandong County, Guangxi, China.

The Pacifico Mexinol project celebrated the beginning of its pre-construction phase by symbolically laying a first stone.

Ebara Elliott Energy has been awarded an order from Kawasaki Heavy Industries to advance its global liquefied hydrogen supply chain.