Downstream news

HAMR Energy has announced the close of its AUS$10 million Series A funding round, securing investment from major aviation companies Airbus and Qantas, as well as leading global industrial firm thyssenkrupp Uhde.

Dangote Industries Ltd has entered into a strategic cooperation agreement with XCMG Construction Machinery Co. Ltd in a move aimed at strengthening infrastructure delivery, industrial capacity, and green project development across Africa.

Transition Industries LLC has signed a long-term methanol sales and purchase agreement (SPA) with Mitsubishi Gas Chemical Co., Inc. (MGC) for the offtake of ultra-low carbon methanol from its Pacifico Mexinol project, Mexico.

US exports of refined petroleum products have increased steadily over 2025, with exports totalling 6.3 million bpd in January 2026, about 10% more than in January 2025 and near record highs, according to data from Vortexa.

ExxonMobil’s third advanced recycling unit at it's complex in Baytown, Texas, US, is now operational.

BASF’s Intermediates division is set to strengthen supply security for its European customers in the 1,4-butanediol (BDO) value chain through increased production at its BDO plant in Ludwigshafen, Germany.

Geoinform Ltd has signed a strategic cooperation agreement with Baker Hughes to various introduce oil and gas technologies aimed at of meeting emerging market demands and improving operational efficiency.

Caturus has announced the signing of a sale and purchase agreement between Commonwealth LNG and Aramco Trading, a subsidiary of Saudi Aramco.

The Tank Storage Association has officially launched its 2026 Careers Week campaign, an initiative aimed at showcasing career and apprenticeship opportunities in the bulk storage and energy infrastructure sector.

DNV's 'Energy Transition Outlook 2026' suggests Gulf Cooperation Council (GCC) countries are cutting the emissions intensity of their core oil and gas production while continuing to play a central role in global energy supply.