Downstream news

Oil and gas companies face heightened capital allocation pressure in 2026, according to Wood Mackenzie's latest corporate outlook.

Will Beacham, Deputy Editor, ICIS Chemical Business, explains that the global chemical industry is entering a period of profound uncertainty as higher tariffs and escalating trade tensions threaten to dismantle decades of globalisation.

Severn Group has announced that it has been acquired for US$480 million dollars by Valmet.

Baker Hughes has announced that it has received a Full Notice To Proceed from Technip Energies on behalf of Commonwealth LNG to supply primary liquefaction equipment for Commonwealth LNG’s 9.5 million tpy export facility currently under construction in the US.

Aarti Industries has announced it has secured multiple long-term supply contracts for key chemical commodities, including methanol and toluene, with manufacturers and suppliers across GCC countries and Southeast Asia.

UPM has announced the production and commercialisation of industrial sugars at its Leuna biorefinery in Germany for commercial, wood-based chemicals.

Babcock & Wilcox has announced that it has been awarded a $40 million contract to supply advanced low-pressure wet gas scrubbing (WGS) technology for installation at a major petroleum refinery in Canada.

Sandpiper Chemicals, LLC has announced that it has selected Air Water Gas Solutions Inc. as its presumptive industrial gases supplier for its Texas City, Texas, US, blue methanol facility.

KBR has announced that it has been awarded a technology and engineering contract by IGNIS for a new green ammonia facility in A Coruña, Spain.

JERA Co., Inc. has signed an LNG sale and purchase agreement with Hokkaido Gas Co., Ltd.