Economics
API Announces the 5th Edition of RP 572 on Pressure Vessels Inspection Practices
The American Petroleum Institute is pleased to announce the release of the 5th edition of Recommended Practice 572, Inspection Practices for Pressure Vessels.
Petrobras partners with European Energy to explore e-methanol business prospects
Petrobras agreed a Memorandum of Understanding with the Danish company, European Energy, to investigate the business opportunities for developing an e-methanol plant in Brazil, on a non-binding basis.
Russia lifts gasoline export ban - energy ministry
Russia has lifted restrictions on gasoline exports, the energy ministry said, after scrapping most restrictions on exports of diesel last month, saying there was a surplus of supply while wholesale prices had declined.
Boeing partners with U.S. govt to boost SAF development in APEC countries
Boeing Co said it will partner with the U.S. government in a project aimed at addressing challenges faced by Asia Pacific Economic Cooperation member countries in developing and scaling use of SAF.
Exxon Mobil to construct a green petchem refinery in Indonesia with $15 B budget
Exxon Mobil is set to make a significant investment of up to $15 B in Indonesia for a green petrochemical refinery and carbon capture storage facility.
NPC to invest $4.2 B for new petchem projects to enhance self-sufficiency
Iran's National Petrochemical Company to invest $4.2 billion for self-sufficiency, focusing on propylene, methanol, ethylene, aromatics, and butylene production, targeting a capacity increase to 200 MMt in the next decade.
Tankers newly sanctioned by U.S. supplied Russian oil to India
Three oil tankers, newly sanctioned by Washington, regularly shipped Sokol crude from Russia's Far East to Indian Oil Corp, the country's top refiner, in recent months, according to shiptracking data from LSEG, Kpler and trade sources.
Cummins Inc. selected by the UK Department of Transport for its high-horsepower methanol vessel retrofit project
Cummins Inc. announced the selection of its proposal to jointly develop a Methanol Kit for its QSK60 engine as part of the Zero Emission Vessels and Infrastructure competition, funded by the UK Government and delivered in partnership with Innovate UK.
Macquarie invests $190 MM in green aviation fuel supplier SkyNRG
Australia's Macquarie Group Ltd said its asset management arm will make an initial investment of about $190 MM in Netherlands-based SAF supplier SkyNRG.
Kuwait's KIPIC has sufficient stocks despite al-Zour shutdown
Kuwait Integrated Petroleum Industries Company has sufficient stocks of diesel, naphtha, kerosene and fuel oil to meet obligations to local and foreign customers despite an almost complete shutdown of the al-Zour refinery.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
