Economics
Gunvor partners with Varo on $600-MM bio-jet fuel site in Rotterdam
Refiner and trader Varo Energy plans to build a new SAF manufacturing facility at Gunvor's Rotterdam refinery with a $600-MM investment which will meet up to 7% of the EU's 2030 SAF target
Oil producer Energean aims to double size
Mediterranean-focused oil and gas producer Energean aims to double its size in the coming years, including through expansion of production in Israel.
Stellantis sees long road ahead for internal combustion engine cars
Carmaker Stellantis believes internal combustion engine vehicles could be on the road until 2050, making it necessary to contain their carbon emissions until they're finally replaced by fully electric ones.
African Finance Corporation remains committed to fossil fuel investments
The African Finance Corporation, which is owned by Nigeria's central bank and other African financial institutions, has no intention of backing away from fossil fuel investments.
Lummus launches ethanol-based SAF technology
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the commercial availability of its ethanol to SAF process technology.
Nigerian state oil company says Eni unit did not obtain its consent in Oando sale
Nigerian state oil firm NNPC Ltd says a subsidiary of Italy's Eni did not obtain its consent prior to announcing a deal to sell onshore oil assets to local firm Oando PLC, a failure that could have breached terms of a joint operating agreement.
Oil falls as concerns about China outweigh extended cuts
Oil prices eased as an uncertain economic outlook for China outweighed expectations of tighter supplies from extended supply cuts in Saudi Arabia and Russia.
Net Zero: Saipem launches Bluenzyme, the most sustainable solution for CO2 capture
Saipem has launched Bluenzyme with the release of the first industrialized product, Bluenzyme 200, a ready-to-use package aimed at small and medium emitters, which has a nominal capture capacity of 200 tons of CO2 per day.
Online Exclusive: Advanced hydrocracking unit flow scheme optimization and integration approach to maximize refinery margins for a residue upgrading project
The integration of a solvent deasphalting (SDA) and hydrocracking upgrading complex provides a favorable techno-economic return for residue upgradation at relatively lower capital expenditures vs. other alternatives for a brownfield project.
U.S. airlines flag high fuel costs, Southwest's August bookings disappoint
Southwest Airlines flagged softer August leisure bookings and joined two other U.S. airlines in warning of higher fuel costs in the third quarter due to a jump in crude prices.
- 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
