Downstream news

The American Petroleum Institute explore how the price of oil is actually determined in the latest release here.

P2X Solutions and avanca/Alternoil have entered into a long-term e-methane agreement with deliveries scheduled to start in 4Q26.

Syzygy Plasmonics has announced a framework agreement with the International Finance Corp. to support the development of a pipeline of SAF projects across Latin America.

The planned Initial Public Offering of the Dangote Petroleum Refinery & Petrochemicals has taken a significant step forward with the completion of a US$1 billion underwriting programme, strengthening the capital markets foundation for what could become Africa’s most consequential industrial listing.

Kino Aski Inc. and Marinvest Energy Canada Inc. have announced the joint development of Kino Aski LNG, a First Nations-led energy corridor and LNG project designed to supply Europe with competitive, low-carbon Canadian energy.

Zimar Group is set to build a US$1.9 billion refinery and petrochemical complex in Dosso, southerwestern Niger, according to various media outlets.

MAIRE has announced that Nextchem, through its subsidiary MyRechemical, has been awarded licensing, Process Design Package, and engineering services by SKY Renewables Burdekin Pty Ltd for the syngas section of Project Lion, Australia.

Waterborne shipments of crude oil and petroleum products from the US Gulf Coast to the West Coast more than quadrupled year-on-year in April and May following a waiver that permitted a broader group of ships to travel between US ports, the US EIA has reported.

Wison Engineering has announced that it has been awarded the US$3.9 billion EPC contract for Phase 2 of the Rich Gas Development Project by ADNOC Gas, UAE, the gas-processing subsidiary of ADNOC.

ORLEN has secured certification under the Oil and Gas Institute’s KZR INiG sustainability scheme for the co-hydrotreatment of bio-based feedstocks at its Plock refinery, Poland.