Downstream news

We discuss the importance of accurate sampling, ethical refining, and technical expertise in the recovery of precious metals from spent catalysts with Brad Cook, Vice President of Sales and Marketing, Sabin Metal Corp.

China, the world’s largest importer of crude oil, imported less crude oil in 2Q26 following higher crude oil prices that resulted from disrupted flows through the Strait of Hormuz, the US EIA has reported.

MWG Enterprises, Patel Family Office, and PWS have together launched MERA Oil, a US-Saudi private consortium, and entered the final stage of selecting a host for their planned US$5 billion integrated refinery and energy export corridor.

L&T Energy Hydrocarbon Onshore business has secured a major engineering, procurement, and construction order from Kuwait Oil Co. for its key Jurassic Light Oil export facilities and the upgrade of existing export network.

TotalEnergies (50%) and Eni (50%, operator), partners in Cyprus offshore Block 6, have taken the Final Investment Decision for the development of the Cronos gas field, discovered in 2022 and successfully appraised in 2024.

Wood has been awarded a new contract from Binh Son Refining (BSR) to carry out Project Management Consultancy services for the Dung Quat Refinery Upgrade and Expansion Project in Vietnam.

Uniper and Ksi Lisims LNG have signed an LNG sale and purchase agreement for 2 million tpy of LNG on an FOB basis for up to 20 years.

Nuberg EPC has executed the design and supply of a 100 - 150 tpd Emergency Chlorine Absorption System for BRINSA, located in Bogotá, Colombia.

The value of energy trade between the US and Canada fell by 11% in 2025 to an estimated US$137 billion, according to data from the US Census Bureau, the US EIA has reported.

Ebara Elliott Energy has been awarded a landmark contract by Larsen & Toubro Ltd to supply advanced compressor technology for a mega-scale gas infrastructure development project in the Middle East.