http://www.hydrocarbonprocessing.com Hydrocarbon Processing The Shipping Corporation of India and Mazagon Dock Shipbuilders sign contract for methanol dual fuel platform supply vessel http://hydrocarbonprocessing.com/news/2026/03/the-shipping-corporation-of-india-and-mazagon-dock-shipbuilders-sign-contract-for-methanol-dual-fuel-platform-supply-vessel/ The Shipping Corporation of India Ltd. has signed a Shipbuilding contract at New Delhi with Mazagon Dock Shipbuilders Ltd for construction and delivery of one number methanol dual fuel platform supply vessel (PSV). Technip Energies invests in Verso Energy’s DEZiR eSAF project in Rouen http://hydrocarbonprocessing.com/news/2026/03/technip-energies-invests-in-verso-energy-s-dezir-esaf-project-in-rouen/ Technip Energies has signed an agreement with Verso Energy to acquire a minority equity stake in the DEZiR project, a synthetic aviation fuel (eSAF) plant located in Rouen, France. Honeywell’s commercial launch of AI-powered control room assistant follows successful pilot http://hydrocarbonprocessing.com/news/2026/03/honeywell-s-commercial-launch-of-ai-powered-control-room-assistant-follows-successful-pilot/ Built on Honeywell’s flagship distributed control system, Experion PKS, Experion Operations Assistant merges historical data with real-time operational insights to allow operators to forecast and respond to potential critical scenarios associated with unsafe operations and production losses. Serbia secures U.S. sanctions waiver for its NIS oil firm http://hydrocarbonprocessing.com/news/2026/03/serbia-secures-us-sanctions-waiver-for-its-nis-oil-firm/ NIS operates Serbia's only oil refinery in the town of Pancevo, just outside Belgrade and is the biggest supplier and fuel retailer in the Balkan country. Tanker carrying fuel originally bound for Cuba diverts to Trinidad http://hydrocarbonprocessing.com/news/2026/03/tanker-carrying-fuel-originally-bound-for-cuba-diverts-to-trinidad/ The Hong Kong-flagged vessel Sea Horse loaded a diesel cargo earlier this year through a ship-to-ship transfer in the Mediterranean before setting sail to the Caribbean. Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices http://hydrocarbonprocessing.com/news/2026/03/vietnam-accelerates-shift-to-ethanol-fuel-as-iran-war-drives-up-energy-prices/ Fuel prices in Vietnam have surged since the U.S.-Israel war on Iran began three weeks ago, with gasoline prices up 50% and diesel prices rising 70%, Damaged Russian tanker days away from Libyan shores, Italian official says http://hydrocarbonprocessing.com/news/2026/03/damaged-russian-tanker-days-away-from-libyan-shores-italian-official-says/ The tanker is currently in international waters falling under Libya's search and rescue zone, some 53 nautical miles (98 km) north of the capital Tripoli. India’s Reliance buys about 155,000 bpd Russian oil after pause http://hydrocarbonprocessing.com/news/2026/03/india-s-reliance-buys-about-155-000-bpd-russian-oil-after-pause/ The private refiner's overall imports in February rose marginally from last year to 1.37 MMbpd. China's Sinochem cuts refinery runs, seeks prompt-delivery crude http://hydrocarbonprocessing.com/news/2026/03/chinas-sinochem-cuts-refinery-runs-seeks-prompt-delivery-crude/ Sinochem has also been trying to buy spot cargoes from bonded storage for prompt delivery to cover its "immediate" requirements for the 300,000-bpd Quanzhou plant. Prices for oil, fuel cargoes smash record highs as Iran war chokes Middle East supply http://hydrocarbonprocessing.com/news/2026/03/prices-for-oil-fuel-cargoes-smash-record-highs-as-iran-war-chokes-middle-east-supply/ Surging oil prices in physical markets — the trading place for oil on ships, rail cars or in storage tanks — have outpaced the already dizzying increases in benchmark futures markets, as refiners and traders across Asia and Europe are snapping up whatever barrels they can secure to plug the enormous supply gap caused by the U.S.-Israeli war on Iran.