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Americas

U.S. motorists kick off summer driving season with tame gasoline pricing

U.S. motorists are enjoying a so-called Goldilocks market, or one that is considered "just right," for gasoline.

Air Products signs $1-B deal for processing facility in Uzbekistan

Industrial gases maker Air Products and Chemicals said it had signed a $1-B deal with the Republic of Uzbekistan government and Uzbekneftegaz JSC to acquire, own and operate a natural gas processing facility in the country.

Stellantis may ship fewer gas-powered vehicles to U.S. states with strict emissions rules

Chrysler-parent Stellantis said it may limit shipments of gasoline-powered vehicles to dealers in states that have adopted California's strict emissions rules.

Chemical maker Dow signs supply agreement for bio-plastic materials

U.S. chemical maker Dow Inc said it had signed a long-term supply agreement with bio-conversion company New Energy Blue for plastic materials made from corn residue, in a bid to move towards renewable energy sources for production.

Delta Biofuel announces $100-MM final investment decision for renewable fuel facility in Jeanerette

Delta Biofuel has announced a $100-MM final investment decision for the construction and start up of a full-scale renewable fuel production facility in Iberia Parish that will convert sugarcane waste into feedstock for low-emissions energy generation.

OxyChem to install new electrolyzers at Texas facility

thyssenkrupp nucera is partnering with OxyChem to install the latest generation eBiTAC v7 electrolyzers to support the conversion of its Battleground plant in LaPorte, Texas, from the diaphragm to membrane chlor-alkali technology.

Oil prices buoyed by Saudi warning and falling U.S. stockpiles

Oil prices rose, driven up by tightening U.S. inventories and a warning from the Saudi energy minister that raised the prospect of further OPEC+ production cuts.

Oil prices rise on concerns over tightening supply

Oil prices gained after U.S. oil and fuel supplies tightened and as a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts.

McDermott awarded PMC contract from IOCL

McDermott has been awarded a project management consultancy contract from India Oil Corporation Limited for the Maleic Anhydride (MAH) unit at the Panipat Refinery and Petrochemical Complex, located 62 miles from New Delhi, India.

U.S. EPA recommends delaying electric vehicles biofuel program

The U.S. Environmental Protection Agency has recommended delaying a scheme that would give electric vehicle manufacturers tradable credits under a federal biofuel program, in a final rule that the White House will now review.