Downstream news

Bently Nevada, a Baker Hughes business, and Saudi Basic Industries Corp. (SABIC) have announced a strategic framework alliance agreement for the supply of asset performance management services.

A second production facility for Kevilon in Knoxville, Tennessee, US, has been launched.

The EIA reports that US energy trade has lowered the overall 2020 US.trade deficit for the first time on record.

Lummus Technology has announced that it has been awarded a technology contract by Zhangzhou CHIMEI Chemical Co. for a grassroots diphenyl carbonate (DPC) plant in Fujian Province, China.

Standard Industries Holdings Inc. has announced the completion of its acquisition of W. R. Grace & Co. for US$70/share in cash.

Technip Energies and National Petroleum Construction Co. have signed a Memorandum of Understanding (MoU) to advance energy transition in the UAE and other countries in the MENA region.

8 Rivers Capital LLC has announced an MOU between subsidiary Zero Degrees Whitetail 1 Ltd and Navigator Terminals to explore potential collaboration across the storage and transport of chemicals, gases and liquids in the UK by ship.

The programme aims to build the foundation of the net-zero economy by bringing together businesses, governments, philanthropies, and individuals to invest in critical climate technologies.

Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales developer in the basin.

TMC will deliver a large marine compressed air system to Woodside Sangomar FPSO.