Downstream news
Shell takes final investment decision to double LNG Canada capacity
Shell has taken a final investment decision on LNG Canada Phase 2 which will double production capacity at the facility in Kitimat, British Columbia.
SkyNERG selects Technip Energies, Sasol, and Topsoe for SAF project
SkyNRG has announced the selection of Technip Energies, Sasol, and Topsoe as key partners for the initial engineering activities of the FEED phase of Project Wigeon, its planned SAF facility at the Port of Walla Walla in Washington State, US.
Tecnimont (MAIRE) signs FEED contract for Argent LNG’s export facility
MAIRE’s Tecnimont USA Inc. has signed the front-end engineering design (FEED) contract for Argent LNG’s export facility at Port Fourchon, Louisiana, US.
Petrobras receives payment of new instalments from the Diesel Economic Subsidy Program
Petrobras has informed that it has received a payment of R$2.3 billion related to the Economic Subsidy for the Commercialization of Diesel, for the period from 16 July to 31 July 2026.
BASF confirms exploratory talks regarding potential takeover of Evonik
BASF SE has confirmed exploratory talks with RAG-Stiftung and Evonik Industries AG regarding a potential takeover of Evonik.
BSR signs crude oil purchase framework agreement with ExxonMobil Asia Pacific
Petrovietnam Refining and Petrochemical Corp. (BSR) have exchanged a Framework Agreement for crude oil purchases with ExxonMobil Asia Pacific, an affiliate of ExxonMobil, opening a new avenue of cooperation in feedstock supply for Dung Quat Refinery.
Petrobras signs MoU with ENH of Mozambique
Petrobras has signed a Memorandum of Understanding (MoU) with Mozambique’s National Hydrocarbon Company (ENH) to establish the foundation for strategic cooperation between the two companies in the oil and gas sector, across the full value chain.
Technip Energies announce strategic Licensing Collaboration Agreement with SABIC
Technip Energies and SABIC have entered into an exclusive Licensing Collaboration Agreement (LCA) under which Technip Energies will act as the worldwide licensor of SABIC’s Low-Density Polyethylene (LDPE) Clean Tubular Reactor (CTR®) technology.
Wood Mackenzie: US diesel export ban would trigger global stock drawdowns, cut US refinery utilisation, and risk driving gasoline prices higher
As US diesel prices soar and political pressure for an export ban grows, a new Wood Mackenzie analysis warns the move could have considerable ripple effects, triggering significant global product stock drawdowns while ultimately proving self-defeating for American consumers.
Ludoil plans €1.3 billion investment at ISAB refinery
Ludoil Capital S.r.l has completed the acquisition of a 51% stake in ISAB S.r.l. from GOI Energy S.r.l., following the successful outcome of the Golden Power procedure.