Downstream contract news

Novity has entered into an MoU with Chiyoda Corp. to jointly deploy an integrated solution combining Novity’s predictive maintenance AI platform with Chiyoda’s operations and maintenance total solution platform.

Mantel has named Wood as the preferred fired-equipment partner as first commercial project advances in Western Canada.

BOTAS and Argent LNG LLC have signed a memorandum of understanding for the delivery of US-origin LNG into Türkiye.

Aster has taken FID to proceed with the US$80 million project to expand ethylene export capacity at its ethylene cracker complex in Singapore.

2026 marks 125 years since the foundation of Sandvik Process Systems in 1901 – an origin that laid the groundwork for IPCO.

ENEOS has announced that it has entered into Share Purchase Agreements with various subsidiaries of Chevron to acquire 100% of Chevron’s downstream fuels and lubricants marketing businesses in Southeast Asia and Australia.

ADNOC has announced the exchange of two strategic collaboration agreements with Indian partners, reinforcing the strong and expanding UAE-India energy partnership.

Technip Energies received full notice to proceed for a major EPC contract with Commonwealth LNG for its 9.5 million tpy LNG export facility in Cameron Parish, Louisiana, US.

Ludoil Capital has entered into a sale and purchase agreement with GOI Energy for the acquisition of the latter's stake in ISAB, the owner of the Priolo Gargallo refinery.

Aster and Puraglobe have signed an MOU to jointly explore the development of a re-refined base oil processing facility in Singapore – turning used motor oil into high-performance Group II/III/III+ base oils.