Downstream news

Rystad Energy believes that the merger of Wood Group and Amec Foster Wheeler will create a market leader within the engineering and MMO-market.

Harmony and NextDecade have announced they have agreed to pursue their proposed merger, resulting in NextDecade becoming a publicly listed company.

According to Lucintel, the global basic petrochemical market is expected to reach US$603.2 billion by 2021.

Amec Foster Wheeler has agreed to a £2.2bn takeover by Wood Group.

Petsec Energy (PSJEY) has announced it has been awarded a contract for the supply of oil tanker loading equipment for the An Nagyah Oilfield production restart.

Entegris Inc. has partnered up with China's Spectrum Materials to manufacture Entegris specialty chemicals in China.

Neste Jacobs and Coolbrook have announced their plans to develop new olefin cracking technology based on a hydrocarbon cracking method where ethylene, the core raw material for polyethylene, is produced.

Amec Foster Wheeler has announced it has been awarded a contract by Petrochemical Industries Company K.S.C., a subsidiary of the Kuwait Petroleum Company.

Danos has announced it has been selected to provide materials management services for the construction of a new petrochemical processing plant in the Northeastern US.

Tellurian has selected SG Americas Securities LLC to provide general financial strategy and planning for the Driftwood LNG project.