Economics
Shell pivots back to oil to win over investors
Shell will keep oil output steady or slightly higher into 2030 as part of CEO Wael Sawan's efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while oil and gas profits are booming, company sources said.
Iberdrola steps up green ammonia plans with $808.05-MM project
Spanish power company Iberdrola is expanding its bet on green hydrogen with a plan to build a $808.05-MM plant to produce green ammonia that would be purchased and exported by ammonia trader and shipper Trammo.
A consortium led by Tecnimont awarded a $300-MM EPC contract for a fertilizer plant in Egypt by KIMA
MAIRE S.p.A. announces that a consortium composed by its Integrated E&C Solutions subsidiary Tecnimont S.p.A and Orascom Construction S.A.E. has been awarded a Lump Sum Turn-Key Engineering Procurement and Construction contract for a Nitric Acid and Ammonium Nitrate plant by KIMA, Egyptian Chemical Industries Company.
New York lawmakers weigh clean fuel standard as legislative session ends
New York lawmakers are considering legislation that would create the first market for low-carbon fuels on the U.S. East Coast in order to help the state reach its decarbonization goals.
Nigerian regulator links Exxon to illegal lifting of petroleum from terminal
Nigeria's downstream oil regulator has alleged ExxonMobil Corp was involved in the illegal lifting of petroleum products from an offshore terminal, according to a letter of complaint to the petroleum ministry.
EPA's proposed eRIN program raises concerns and sparks legislative action
The Environmental Protection Agency is facing criticism over its proposed eRIN program, which could transform the renewable fuel standard and provide undue subsidies for electric vehicles at the expense of biofuels.
Neste enables Swedish airport and Västflyg airline to become the world's firsts to use SAF on all flights
Trollhättan-Vänersborg Airport in the southwestern part of Sweden, will be the first airport in the world to offer only blended sustainable aviation fuel for all aircraft refueling at the airport, which will significantly reduce greenhouse gas emissions of departing flights.
Valtek Valdisk High Performance Butterfly Valve, completes million-cycle test
Flowserve Corporation announced its Valtek Valdisk high-performance butterfly valve is licensor-approved for use in pressure swing adsorption applications.
The sustainable aviation fuel entrepreneurs poised for takeoff
Sustainable aviation fuel had a bumper year in 2022, with production soaring to at least 300 million liters, up 200% on the previous year, according to the International Air Transport Association.
India's May fuel consumption soars on robust manufacturing
India's fuel consumption surged in May with diesel sales scaling a record high, buoyed by strong factory activity in the third-largest oil consumer in the world.
- KBR to provide technology for mega-scale ammonia plant in Angola 11/25
- Indian refiners' October crude processing up over 3% y/y 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
