Americas
Return of U.S. oil sanctions would clip Venezuela's output gains, analysts say
A possible reimposition of U.S. oil sanctions on Venezuela next month would stagnate the OPEC-member country's crude output, wiping out the small gains it has achieved in recent years.
Bunge Chevron Ag Renewables to build new oilseed processing plant in Louisiana (U.S.)
Bunge and Chevron announced approval of a final investment decision for their joint venture Bunge Chevron Ag Renewables LLC to build a new oilseed processing plant adjacent to its existing processing facility located on the Gulf Coast in Destrehan, LA (U.S.).
Biden administration (U.S.) says to finalize SAF climate model revisions within weeks
The Biden administration (U.S.) will finalize revisions to its climate model for SAF feedstocks in the coming weeks, a White House official said.
Brazil, Guyana, Suriname eye more cooperation in oil and gas
Brazil, Guyana and Suriname have agreed to deepen discussions on cooperation in the oil and gas sector, according to a joint statement released by the countries after a meeting between their presidents.
Venezuela's February oil exports rise, but shipping delays persist
Venezuela's oil exports slightly increased in February to some 670,000 bpd, but ongoing shipping delays worsened a bottleneck of tankers waiting to load, according to documents and vessel monitoring data.
U.S. Gulf Coast fuel oil imports hit five-year low as domestic supplies jump
Imports of fuel oil bound for the U.S. Gulf Coast fell to a five-year low last month as refiners ran more cheap, heavy Canadian crude and geopolitical tensions in the Middle East pressured fuel oil flows.
API strengthens piping inspection standards with new updates
The American Petroleum Institute announced the release of the fifth editions of API 570, Piping Inspection Code: In-service Inspection, Rating, Repair, and Alteration of Piping Systems; and Recommended Practice 574, Inspection Practices for Piping System Components, two foundational standards for safeguarding piping systems used in the global refining and petrochemical industries.
Seeq announces generative AI capabilities with Seeq AI assistant
Seeq has unveiled the Seeq AI Assistant, a generative AI resource embedded across its industrial analytics platform.
Idemitsu joins JV for clean ammonia production project in Lake Charles, Louisiana (U.S.)
Idemitsu Kosan has agreed with Mitsubishi Corporation and Proman to participate in the development of the proposed clean ammonia production project in Lake Charles, Louisiana, (U.S.).
Biden-Harris administration (U.S.) allocates $366 MM to reduce energy costs and boost security in rural areas nationwide
As part of President Biden’s Investing in America agenda, the U.S. Department of Energy announced more than $366 MM for 17 projects across 20 states and 30 Tribal Nations and communities to accelerate clean energy deployment in rural and remote areas across the country.
- Major Asian oil exporters close 2025 diesel sales at lower levels vs. 2024 12/18
- Deep Sky secures $40-MM grant from Breakthrough Energy Catalyst to scale direct air capture 12/18
- Neste introduces co-processed renewable Neste RE feedstock for the polymers and chemicals industry 12/17
- Vitol agrees to acquire 66.84% of plastics recycling company WPU 12/17
- Baker Hughes, UC Berkeley (U.S.) establish global decarbonization research institute 12/17
- India's BPCL plans to expand refining capacity by 2028 12/17
