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Economics

PetroChina aims to resume Venezuelan oil imports after 4-year pause

China's PetroChina is proposing to buy up to 8 million barrels a month of Venezuelan crude from state-run oil company PDVSA hoping to resume a trade suspended four years ago by U.S. sanctions.

Indonesia's palm oil consumption for biodiesel to exceed food for first time in 2023

Indonesia's domestic palm oil consumption for biodiesel will exceed its consumption for food for the first time in 2023, the Indonesia Palm Oil Association said at an industry conference.

Lummus launches upgraded Helixchanger technology

Lummus Technology announced the launch of its latest heat exchanger technology, the Helixchanger 2.0 system.

U.S. SAF production target faces cost, margin challenges

The United States' goal of rapidly ramping up production of SAF may encounter strong headwinds as producers balk at the low margins for the biofuel and some airlines flag concerns over the costly switch.

Belgium drafting new fuel quality law targeting exports to Africa

Belgium is set to shut the door on rising exports of low-quality gasoline and diesel to West Africa as it follows the Netherlands in tightening environmental rules.

API Releases Standard for the Inspection and Assessment of Refractory Linings

The American Petroleum Institute is pleased to announce the publication of Recommended Practice (RP) 982, Inspection and Assessment of Refractory Linings.

The propylene production gap is an opportunity for integrated downstream players—Part 1

Petrobras: Da Silva, M. W.

Among the challenges in the global crude oil refining industry are the price volatility of raw materials and the pressure from society to reduce environmental impacts, as well as reduced margins.

Executive Viewpoint: Overcoming challenges to build a scalable, reliable clean-H2 economy

Siemens Energy: de Chammard, A-L

The success of the energy transition hinges on creating a sustainable, reliable and affordable energy system for all.

Business Trends: Refinery transactions: A window of opportunity?

McKinsey & Co.: Fitzgibbon, T.  |  Shankar, A.  |  Vukomanoic, L.  |  Green, P.

In today's rapidly changing energy landscape, refinery transactions have become a focal point of investment discussions.

Grace expands operating UNIPOL PP technology capacity in China with Oriental Energy Co. Ltd.

W. R. Grace & Co announced that Oriental Energy Co. Ltd. has started up a new plant with Grace’s UNIPOL PP Process Technology.