Downstream news

The US exported more crude oil to Nigeria than it received from Nigeria for the first time in February and March 2025, the US Energy Information Administration (EIA) reports.

Everllence has published its sustainability report for financial year 2024, including a 63% reduction in CO2 emissions from its own global production, compared to 2018.

Essar Energy Transition (EET) has secured £2.5 million funding from the UK government to develop one of the largest advanced SAF production facilities in the UK, based at EET’s Stanlow energy hub.

bp has announced that it has agreed to sell its US onshore wind business, BP Wind Energy North America Inc. (bp Wind Energy), to LS Power, as part of its divestment programme to focus business on low-carbon energy and oil and gas.

MT Group has been awarded a major contract for the execution of all topside and onshore-based infrastructure at the new jetty in Brunsbüttel FSRU LNG terminal in Germany.

At the Invest Zambia International Conference, the Industrial Development Corp. (IDC) has signed two memoranda of understandings (MoUs) worth over US$2 billion, securing major investments in Zambia’s energy sector.

Licella has announced strategic funding from Diamond Edge Ventures (DEV), the corporate venture capital arm of Mitsubishi Chemical Group (MCG), a Japanese chemical company, under a Business and Capital Alliance Agreement.

Argent LNG has selected GIS Engineering as its ‘below-the-bolts’ engineering partner to spearhead FEED, site preparation, and regulatory development for the company’s flagship project at Port Fourchon.

INEOS has completed a major £30 million investment at its Hull manufacturing site, UK, which has resulted in a 75% cut in carbon emissions.

Shell Catalysts & Technologies and Technip Energies have signed their global alliance agreement to work exclusively together to deliver a post-combustion amine-based carbon capture solution using Shell’s CANSOLV CO2 Capture System.