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Downstream contract news

ERGIL/Storagetech completes projects for Total Energies

ERGIL has announced the successful engineering, design, and manufacturing of two internal floating roof (IFR) systems for Total Energies’ new storage terminal development in Equatorial Guinea.

 

ITT to acquire SPX FLOW

ITT Inc., a provider of highly engineered critical components, has announced it has entered into a definitive agreement with Lone Star Funds to acquire SPX FLOW, a provider of highly engineered equipment and process technologies.

 
 
 

Shell signs agreement to purchase SAF from Green Sky Capital

Shell has signed a long-term agreement to purchase SAF from Green Sky Capital, which has contributed to providing commercial certainty for investors to move forward with plans to build a commercial-scale SAF plant in Egypt.

 
 

Gerotto announces partnership with Derc Salotech

Gerotto has signed an exclusive distribution agreement with Derc Salotech for the sale of magnetic robots In Italy for cleaning vertical walls of tanks, ships, and metal structures.

 
 

Agreement signed for Live Oak project

TotalEnergies, TES, Osaka Gas, Toho Gas, and ITOCHU have signed a joint development and operating agreement, granting the Japanese companies a combined 33.3% stake in the Live Oak project.

 

Centrica completes Grain LNG acquisition

Centrica plc has announced the completion of its Grain LNG acquisition in partnership with Energy Capital Partners from National Grid for an enterprise value of £1.5 billion.