Economics
Biden administration to spend $450 MM on higher-blend biofuels
The U.S. Department of Agriculture will spend $450 MM to expand the production and availability of transportation fuels that are blended with higher volumes of biofuels, the agency said.
China's Unipec fights uphill battle to contain Middle East crude prices
The production cuts by OPEC+ may aim to keep crude prices high enough to satisfy the exporter group, but they are also starting to drive some unusual dynamics in the broader oil market.
Yara, BASF assess low-carbon blue ammonia project on US Gulf coast
Norway's Yara and chemicals giant BASF are looking into developing and building a low-carbon blue ammonia production facility in the U.S Gulf coast region, the two companies said in a joint statement.
Mexican airlines look to future SAF use
LATAM Airlines is considering issuing a so-called "green bond" as part of its sustainability strategy leading to SAF use.
Mexico's Pemex motor fuel production dipped last month
Motor fuel production from Mexico's state-owned oil company Pemex dipped last month, company data showed, falling short of ambitious government refining targets meant to wean the country off its long-standing dependence on foreign supplies.
Russia faces no domestic gasoline shortage with exports down
Russia's energy ministry said it sees no shortage of gasoline in the domestic market, with companies having cut their exports and increased production after gradually completing planned maintenance work.
Pertamina plans to start making bioethanol from sugarcane, cassava
Indonesian state energy company PT Pertamina plans to begin producing bioethanol from sugarcane and cassava this year, its CEO told a conference.
Norway approves more than $18 B in oil, gas investments
Norway's government said it has given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of the country's strategy to extend production for decades to come.
Malaysia's Petronas sees domestic oil, gas output peaking by 2024
Malaysia's state energy firm Petronas sees its domestic oil and gas production peaking at about 2 million barrels of oil equivalent per day (boepd) by 2024, its exploration executives said.
Biden-Harris admin funds homegrown biofuels in California, investing in America agenda
U.S. Department of Agriculture Rural Development California State Director Maria Gallegos Herrera announced that USDA plans to invest up to $500 MM from President Biden’s Inflation Reduction Act to increase the availability of domestic biofuels and give Americans additional cleaner fuel options at the pump.
- KBR to provide technology for mega-scale ammonia plant in Angola 11/25
- Air Liquide strengthens partnership with TotalEnergies through renewable H2 project in France 11/25
- Hexagon collaborates with Microsoft to enhance industrial operations 11/25
- China issues extra crude oil import quota to teapot refineries 11/25
- McDermott achieves ISO 50001 Certification for energy management at four fabrication yards 11/25
- DNV certifies first CO2 storage site in Middle East for ADNOC CCS project 11/25
