Aramco has agreed to purchase a 100% equity stake in Esmax Distribusción (Esmax) from Southern Cross Group - a Latin America-focused private equity company. Esmax is a diversified downstream fuels and lubricants retailer in Chile. Its national presence includes fuel distribution terminals and a lubricant blending plant. Aramco’s planned acquisition of Esmax would... [Read More]

Dimeta has announced the signing of a memorandum of understanding (MoU) with Rinnai, to explore ways to decarbonise the LPG market in Europe through the use of recycled carbon Dimethyl Ether DME. Renewable and recycled carbon DME is a clean-burning, sustainable fuel made from various feedstocks, such as waste, biomass or biogas, and can reduce emissions by up to 85%... [Read More]

Svanehøj has taken on the task of upgrading safety systems at Konkan LNG terminal in India and Fos Cavaou LNG terminal in France. Konkan LNG and Fos Cavaou have partnered with Svanehøj France to renew the safety instrumentation for three LNG tanks. This move aligns with Svanehøj's goal of reconnecting with liquefied gas terminals worldwide and ensuring optimal safety... [Read More]

Russia's United Oil and Gas-Chemical Co. alongside China's Xuan Yuan Industrial Development have agreed to jointly invest $686 million (€641 million) in construction of a transshipment oil complex in Russia's Far East, Reuters reported. The complex will facilitate Russia's oil exports to China as Moscow expands its infrastructure to diversify exports of commodities... [Read More]

Lhyfe and Exogen Hydrogen Solutions have signed a memorandum of understanding for the combined offering of comprehensive decarbonisation solutions for industrial steam, district heating and mobility applications powered by green hydrogen. This partnership paves the way for a new type of ecosystem and vast markets for green and renewable hydrogen. The partnership includes... [Read More]

TotalEnergies and Air Liquide have signed an agreement for the supply of green and low carbon hydrogen to the former’s refining and petrochemical platform in Normandy. The project will contribute to the decarbonisation of the Gonfrevillle site, reducing its carbon emissions by up to 150,000 tons a year. This cooperation between Air Liquide and TotalEnergies is aligned... [Read More]

Chevron has closed a transaction with Haddington Ventures to acquire 100% interest in ACES Delta. ACES Delta is developing the Advanced Clean Energy Storage project in Delta, Utah. The Advanced Clean Energy Storage project plans to use electrolysis to convert renewable energy into hydrogen and will utilise solution-mined salt caverns for seasonal, dispatchable storage... [Read More]

Kent has announced some key international project wins that has helped bring over $900 million (€838 million) in new contracts to the business, including growth on existing contracts. The company’s H1 awards puts it on track to surpass last year’s record-breaking order book. Kent attributed its success to increasing activity in key geographical markets and... [Read More]

bp has entered its third long-term liquefied natural gas (LNG) offtake contract from the Woodfibre LNG facility based in British Columbia, Canada. With the additional contract to offtake 0.45 million tonnes of LNG per year (mtpa) for 15 years on a free on board (FOB) basis, all of the LNG production from the Woodfibre LNG export facility is now committed for sale to... [Read More]

ADNOC has made a final investment decision (FID) to develop one of the largest carbon capture projects in the Middle East and North Africa (MENA) region. The Habshan carbon capture, utilisation and storage (CCUS) project will have the capacity to capture and store 1.5 million tpy of carbon dioxide (CO2) within geological formations deep underground. The announcement... [Read More]

Cadent has begun major work to replace a large section of gas pipeline in Helsby in the UK, which is essential to keeping homes in the area warm. Cadent, which manages the local gas network, is calling time on the 3.2 km section of pipeline that runs directly under the A56. The work will be completed in phases. Old metallic gas mains like these are being upgraded as... [Read More]

Sarawak Shell has announced that gas production has started at its Timi platform in Malaysia under the SK318 production sharing contract (PSC). Timi features Shell’s first wellhead platform in Malaysia that is powered by a solar and wind hybrid power system. This unmanned platform is also more cost efficient, as a result of it being around 60% lighter in weight, than... [Read More]

The downstream oil sector’s leading trade body begins its new phase as Fuels Industry UK to demonstrate its evolving remit to champion low carbon fuels as well as traditional petroleum products. Previously known as the United Kingdom Petroleum Industry Association (UKPIA), the change reflects its members' ambition to manufacture and supply the biofuels, low carbon... [Read More]

Aramco has acquired a 10% interest in Rongsheng for US$3.4 billion (€3.1 billion). The acquisition follows the signing of definitive strategic agreements by both parties announced in March. It represents the continued growth of Aramco’s downstream presence in China and includes the supply of 480 000 bpd of Arabian crude to the largest Chinese integrated refining... [Read More]

Emerson has reached an agreement to acquire FLEXIM Flexible Industriemeßtechnik - a global leader in clamp-on ultrasonic flow measurement for liquids, gases and steam. Flexim, headquartered in Berlin, Germany, brings differentiated, complementary technology and strong customer relationships to Emerson, with an installed base of more than 100,000 flowmeters, as well... [Read More]

ABB has signed a framework agreement with Samsung Engineering in Saudi Arabia to collaborate in engineering and procurement activities in the Kingdom. With this agreement, ABB becomes a single-source vendor for gas analyser system integration for Samsung within the country. Together, the two companies plan to explore business opportunities and provide complete analytical... [Read More]