Downstream contract news

Air Canada and Airbus have announced their intent to establish a jointly funded Sustainability Co-Investment Platform to invest up to approximately CAN$13.7 million through the platform to support a commercial-scale SAF industry in Canada.

Argent LNG has announced the formal submission of its waterway suitability assessment to the US Coast Guard, marking a significant step in the company’s engagement with the full suite of federal agencies required for its LNG export project.

Convertus Group has announced the successful financial close of $135 million in project financing for its flagship biofuel facility located in York Region, Ontario, Canada.

Bharat Heavy Electricals Ltd has secured a significant order for the supply and supervision of erection and commissioning of eight gas turbine generator packages from Dangote Refinery, Nigeria.

BP has completed the sale of Gelsenkirchen refinery, Germany, and related businesses to Klesch Group.

MWG Enterprises, Patel Family Office, and PWS have together launched MERA Oil, a US-Saudi private consortium, and entered the final stage of selecting a host for their planned US$5 billion integrated refinery and energy export corridor.

L&T Energy Hydrocarbon Onshore business has secured a major engineering, procurement, and construction order from Kuwait Oil Co. for its key Jurassic Light Oil export facilities and the upgrade of existing export network.

TotalEnergies (50%) and Eni (50%, operator), partners in Cyprus offshore Block 6, have taken the Final Investment Decision for the development of the Cronos gas field, discovered in 2022 and successfully appraised in 2024.

Wood has been awarded a new contract from Binh Son Refining (BSR) to carry out Project Management Consultancy services for the Dung Quat Refinery Upgrade and Expansion Project in Vietnam.

Uniper and Ksi Lisims LNG have signed an LNG sale and purchase agreement for 2 million tpy of LNG on an FOB basis for up to 20 years.