Americas
Citgo Petroleum posts record $2.8 B profit for 2022
Refiner Citgo Petroleum Corp reported record net profit of $2.8 billion for 2022 on strong motor fuel demand, high margins and refining output that exceeded its plants' listed capacity.
Strategic Biofuels to bolster U.S. green fuels project through U.S. DOE loan guarantee
Strategic Biofuels announced today that it has been invited by the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) to submit a Part II application for a proposed $1.6 B loan guarantee under the Title XVII Innovative Clean Energy Loan Guarantee Program.
New Petrobras CEO discussed the future of Brazilian oil/gas and fuels industry with other sector partners
Petrobras’ CEO, Jean Paul Prates, took advantage of the presence of the leaders of the largest energy companies on the planet at CERAWeek, in Houston, Texas (USA), to promote the importance of joint actions by the industry both in renewable energy projects and in initiatives for better use of oil and gas reserves.
Chevron, Talos to triple the size of Texas carbon capture project
Chevron and Talos Energy said they have tripled the size of a proposed carbon capture and storage hub for the U.S. Gulf Coast.
U.S. policy is conducive for new investments in energy transition said Repsol's CEO
The U.S, is attracting investment in renewables, hydrogen, biofuels, etc. through new legislation, while the EU's rules could deter investors, Repsol's CEO said at CERAweek.
Occidental to use Siemens Energy's technology for large-scale direct air capture plant
Siemens Energy compressors will be used at Occidental’s first large-scale direct air capture (DAC) plant in Texas’ Permian Basin.
Dow and X-Energy to build first grid-scale, next-generation nuclear reactor for NA industrial sites
Dow and X-energy said they have agreed to develop and demonstrate the first grid-scale next-generation nuclear reactor for an industrial site in North America.
Petrobras will reduce fuel prices to offset increases in fuels taxes
Brazil's state-run oil giant Petrobras said it will reduce gasoline and diesel prices at its refineries from Wednesday, a move that will likely offset the resumption of federal taxes levied on fuels.
U.S. EPA's proposal would allow a higher ethanol blend in Midwest states
The U.S. Environmental Protection Agency proposed a rule that would allow sales of gasoline with a higher ethanol blend in certain U.S. Midwest states.
Control valves for carbon sequestration applications
Greenhouse gas (GHG) reduction projects have become a focus for many nations around the world—carbon capture technologies are a way to reduce the release of carbon into the atmosphere and help contribute to meeting emissions targets.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
