Downstream news updates

The US Energy Information Administration has reported that in 2024, the US exported about 30% of its domestic primary energy production.

Centrica plc has announced the acquisition of the Isle of Grain LNG terminal, UK, in partnership with Energy Capital Partners LLP (ECP) from National Grid group for an enterprise value of £1.5 billion.

Chevron Phillips Chemical has completed the expansion of its low-viscosity polyalphaolefins production unit in Beringen, Belgium, significantly boosting its manufacturing capacity in Europe.

KPI officially carried out the first lifting/delivery of Pertamina SAF made from a mixture of used cooking oil, supporting the Indonesian SAF industry.

Casale has announced the launch of a new project in partnership with Anhui Haoyuan Chemical Group, a major player in China’s chemical industry.

The US Energy Information Administration (EIA) expects a significant decline in the price of oil as growth in the global supply of oil vastly surpasses growth in demand for petroleum products.

Nancy Yamaguchi, Contributing Editor, provides an overview of the African petroleum sector’s potential for expansion and growth in the modern age.

Venice Energy has agreed to sell its LNG terminal project in South Australia to Nebula Energy’s AG&P LNG.

Cemvita, the US-based industrial biotechnology company, have signed an engagement agreement with Invest RS, formalising its plan to build a facility in Rio Grande do Sul, Brazil.

The AFPM have recently submitted comments on the Environmental Protection Agency’s (EPA’s) proposed Renewable Fuel Standard (RFS) volumes for 2026 and 2027.

Imperial has completed construction and is now producing renewable diesel at the Strathcona refinery, Canada.

Cheniere Marketing, LLC and JERA have entered into a long-term LNG sale and purchase agreement.

A supplier of premium products and services to the oil and gas service industry has repeated purchases of Vesconite Hilube bushings for Roper gear pumps.

Wood has secured a $50 million contract extension to provide maintenance solutions at Ampol’s Lytton refinery in Brisbane, Australia.

Moeve and Apical have awarded Grupo Cobra and Masa – both subsidiaries of Cobra IS, part of VINCI Group – the electrical, piping, and industrial mechanical works of a biofuel plant in Spain.

OC Global has signed an MoU with the city of Passo Fundo, Brazil, concerning support for the construction of an on-site green ammonia plant.

Baker Hughes has announced that it has completed its all-cash, US$540 million acquisition of Continental Disc Corp. (CDC) from investment partnerships managed by Tinicum Inc.

Hargrove Controls & Automation has announced a new partnership with ABB to deploy industrial digitalisation solutions for its clients across the refining, petrochemicals, and heavy manufacturing sectors.

AVTL has announced a positive final investment decision (FID) to build a greenfield terminal in the Jawaharlal Nehru Port Authority (JNPA) port in Mumbai, India.

Clariant has unveiled advancements in its stabiliser portfolio, combining expanded production capacity in China with applications that enhance performance in artificial turf applications and medical sectors.

Emvolon, an MIT spin-off, and Montauk Renewables, Inc. have announced a joint venture (JV) to develop multiple biogas-to-green methanol projects.

Axpo has completed Spain's first ship-to-ship bio-LNG bunkering operation at the Port of Algeciras in the large container shipping industry.

SAMSUNG E&A has received a letter of award for the FEED contract for the Indonesia INPEX Abadi Onshore LNG project from INPEX Masela Ltd.

The US EIA has reported that energy prices were more volatile in the 2Q25 amid uncertainty from concerns over economic growth as well as geopolitical tensions in the Middle East.