Downstream contract news

Engineers India Limited (EIL) has inked a memorandum of understanding (MoU) with NMDC Energy to strengthen cooperation in the execution of onshore projects in Saudi Arabia.

OCI Global has announced that it has reached an agreement for the sale of 100% of its equity interests in OCI Ammonia Holding to AGROFERT for a total consideration of €290 million.

Dynamis Power Solutions and Baker Hughes have announced an order for 25 aeroderivative gas turbines – totalling 1.3 GW for mobile power generation across a wide range of oil and gas applications.

Covestro AG and XRG have received the final outstanding regulatory approval from the German Federal Ministry for Economic Affairs and Energy under foreign investment rules for their strategic partnership.

Egypt’s Suez Canal Authority and Ministry of Petroleum have signed a memorandum of understanding to advance the development of an LNG liquefaction and bunkering station in El-Raswa, Port Said.

Norsk e-Fuel AS and Braskem have announced a strategic collaboration to explore the possible integration of e-Naphtha into the plastics value chain.

Baker Hughes has announced that it has secured a multi-year contract with CPECC, for and on behalf of Aramco, to deploy its Cordant™ APM suite across four Booster Gas Compression Stations in Saudi Arabia.

Tecnimont (MAIRE) attended the groundbreaking ceremony of the Tengiz Gas Separation Complex (GSC) project in the Atyrau Region, Kazakhstan.

ExxonMobil and BASF have formed a strategic collaboration to advance the development of low-emission hydrogen through methane pyrolysis technology.

Aramco has announced 17 memoranda of understanding (MoUs) and agreements with a potential total value of more than US$30 billion with major companies in the US, through its Aramco Group Companies.