Downstream contract news
Schneider Electric endorses the OPC Foundation
Schneider Electric, the leader in digital transformation of energy management and automation, welcomes the OPC Foundation recognition of industry efforts to bring interoperable communications to field level industrial operations.
Indian oil companies sign LPG MoU with government services body CSC
CSC will support the companies with services such as booking new LPG connection, refills and supply and distribution.
Air Products to acquire GE’s gasification business and technology
Acquisitions include air separation units, pressure swing adsorbers, carbon monoxide cold box equipment and more.
Vopak to expand activities in South Africa and the Netherlands
New and expanded terminals will increase capacity for LPG and chemical gases.
Emerson to modernise Sonatrach gas processing plant in Algeria
Sonatrach awards US$32 million contract, selects Emerson as main automation contractor
Vitol and IFM to acquire 50% of VTTI
Partnership will acquire Buckeye Partners’ equity interest in the energy storage provider.
Duqm Refinery receives multi-source project financing
The US$4.61 billion sourced for the project represents the largest project financing in the Sultanate of Oman.
Limetree Bay Refining reaches agreement in principle on St. Croix refinery restart
Unspecified oil company to enter into a tolling agreement and serve as the refinery’s supply and offtake counterparty.
Total and Sempra Energy sign MoU for development of LNG export projects
Agreement contemplates Total contracting for up to 9 million tpy across projects in Louisiana and Mexico.
Saudi Aramco and SABIC announce crude-to-chemicals complex at Yanbu
The integrated industrial complex is expected to begin operations in 2025.