Downstream contract news

The transaction is expected to further strengthen ABB’s focus on electrification and automation and expand its offering for large and complex infrastructure and industries.

Shell Bahamas Power Company Inc. has taken a final investment decision on an LNG regasification terminal in the Bahamas.

RapiCure has announced that it has been selected by Chevron Technology Ventures for its Catalyst Program™ aimed at accelerating technology innovation within the energy sector.

Axens has announced the launch of the ERA project, France’s first industrial-scale SAF production unit based on advanced bioethanol.

UNIMOT Paliwa imported a seaborne shipment of crude oil to Gdansk in July 2025, which will be transported from the Naftoport terminal to the PCK refinery in Schwedt, Germany, using PERN's pipeline infrastructure.

Emerson has helped Rompetrol Rafinare reduce distributed control system alarm volumes by more than 95% using DeltaV™ AgileOps operations management software at its Petromidia refinery in Navodari, Romania.

Topsoe and Sasol have signed a licensing agreement with Allied Biofuels to provide technologies for its eSAF and bio-based SAF production facility located in the Khorezm region of Uzbekistan.

Glenfarne Group, LLC announced a US$500 million investment with lead investors being investment funds and accounts managed by global investment firm, HPS Investment Partners, a part of BlackRock.

Ferguson Enterprises Inc. has announced that it has entered into a definitive agreement to acquire FWI Holdings, Inc. (FloWorks), an industrial distributor and service provider of highly technical valves and flow control solutions, from Wynnchurch Capital L.P.

OMV has received a €450 loan from the European Investment Bank (EIB) for the construction of its 140 MW green hydrogen production facility in Austria to significantly contribute to the decarbonisation of its Schwechat refinery.