Downstream news

Convertus Group has announced the successful financial close of $135 million in project financing for its flagship biofuel facility located in York Region, Ontario, Canada.

Bharat Heavy Electricals Ltd has secured a significant order for the supply and supervision of erection and commissioning of eight gas turbine generator packages from Dangote Refinery, Nigeria.

Summit Technology has launched its new PowerSight® Remote Monitoring service, a remote monitoring solution for portable power analysers.

BP has completed the sale of Gelsenkirchen refinery, Germany, and related businesses to Klesch Group.

Worley has been awarded a framework agreement with INPEX Operations Australia Pty Ltd to support its operations in Australia.

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.