Economics
China's Unipec boosts Oman crude sales, caps oil prices despite Saudi cuts
China's Unipec, the trading arm of top Asian refiner Sinopec, has emerged as a major seller of August-loading Oman crude, a move that has helped to cap benchmark prices despite Saudi Arabia's plans to cut output next month.
Oil prices fall, U.S. Fed rate decision in focus
Oil prices fell ahead of a U.S. Federal Reserve meeting as investors tried to gauge its appetite for further rate hikes and amid concerns about the prospects for Chinese demand and rising Russian supply.
Fuel subsidy removal to save Nigeria 'from going under', president says
Nigeria's new President Bola Tinubu said his decision to remove a popular petrol subsidy would impose an extra burden on citizens but this would free up money for education, regular power supply, transport infrastructure and healthcare.
Pakistan's Russian crude shipment paid in Chinese currency
Pakistan paid for its first government-to-government import of Russian crude in Chinese currency, the South Asian country's petroleum minister said, a significant shift in its U.S. dollar-dominated export payments policy.
Poland to take 2035 fossil fuel car ban to top EU court
Poland will appeal against European Union rules to end the sale of fossil fuel cars across the bloc from 2035 to the top EU court within days.
Asahi Kasei and Mitsui to establish supply and procurement systems for bio-methanol
Asahi Kasei Corporation and Mitsui & Co., Ltd. will establish a supply and procurement scheme for bio-methanol produced in the United States.
NETL goes deep to develop new biocatalysts for carbon conversion
NETL researchers are growing versatile biocatalysts using microbes from a coalbed methane well to convert industrial carbon dioxide wastes and other single-carbon compounds into useful chemicals to manufacture biofuel, food additives and other high-value products while reducing emissions of greenhouse gas.
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.
- Ineos to invest £150 MM at Grangemouth site 12/17
- KBR’s methanol technology selected by Fikrat Al-Tadweer for the first biomethanol plant in Saudi Arabia 12/17
- Digital Exclusive: Root cause analysis on hydrochloric acid corrosion in a diesel hydrotreater unit 12/16
- Digital Feature: Enabling growth through strategic cost optimization for petrochemical and refining companies 12/16
- Rohm awards NextChem feasibility study for PMMA-polymer chemical recycling plant project 12/16
- Westlake to rationalize certain North American chlorovinyl and styrene assets 12/16
