Downstream contract news
Archrock to acquire Elite Compression
Following the agreement with Elite Compression, Archrock will acquire approximately 430 000 compression horsepower for US$410 million in cash and common stock.
Chevron Phillips and Qatar Petroleum sign petrochemical agreement
Chevron Phillips and Qatar Petroleum have signed an agreement to develop a petrochemical complex in Qatar.
Wood awarded two Norwegian FEED contracts
Wood will provide FEED services for Equinor’s gas processing plant upgrade and offshore modifications.
Air Liquide signs long-term supply agreements with Marathon Petroleum
Air Liquide has signed two long-term supply agreements with Marathon Petroleum for up to 900 tpd of oxygen in the Gulf Coast.
McDermott awarded paraxylene technology contract
McDermott has been awarded a technology contract in China for a large paraxylene plant.
Commonwealth LNG and Gunvor Singapore sign heads of agreement
Commonwealth LNG and Gunvor Singapore have signed a HOA for the offtake of 1.5 million tpy of LNG.
InfraStrata and Vitol sign binding term sheet for gas storage capacity offtake
InfraStrata has signed a binding term sheet with Vitol to enter into a gas storage agreement for long-term capacity offtake at a proposed storage facility in Northern Ireland.
Air Liquide divests its dedicated gases complex in China
Fujian Shenyuan has bought Air Liquide China’s subsidiary, Air Liquide Fuzhou, which operates the Fujian integrated gas complex.
Saipem announces its share of the contract for the Mozambique LNG project
As project leader, Saipem holds a share of around US$6 billion of the EPC contract to construct the LNG project in Mozambique.
McDermott announces contract agreement for Mozambique LNG project
CCS JV has reached a full agreement for a contract with Anadarko for the Mozambique Area 1 LNG development.