Economics
Carlyle prepares sale of Gabon oil firm Assala Energy
Private equity fund Carlyle Group is preparing to launch the sale of its Gabon-focused oil and gas producer Assala Energy, hoping to raise over $1 B amid high global energy prices, industry sources said.
TotalEnergies accelerates refinery wage talks as fuel supply shrinks
TotalEnergies offered to bring forward wage talks, in response to union demands, as it sought to end a strike that has disrupted supplies to almost a third of French petrol stations and led the government to tap strategic reserves.
2022 HP Awards Finalists
<em>Hydrocarbon Processing</em>, the downstream processing sector’s leading technical publication for 100 yr, has announced the finalists for its sixth annual <em>HP</em> Awards, which celebrate innovative technologies and people that have been instrumental in improving facility operations over the past year.
ASTM D5453 vs. D7039 and the importance of oxygen correction for B100 samples
The use of biodiesel is rapidly becoming more popular due to growing trends both inside and outside the petroleum industry.
U.S. outlines roadmap to boost sustainable aviation fuel
The U.S. Energy Department on Friday issued a plan detailing a government-wide strategy for ramping up production and use of sustainable aviation fuels.
U.S. imposes new sanctions on Iran oil exports, targets Chinese firms
The United States imposed sanctions on companies it accused of involvement in Iran's petrochemical and petroleum trade, including five based in China, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal.
Europe braces for heavy oil refinery outages amid tight supplies
A heavy oil refinery turnaround season in Europe this autumn, plus French strike action, is set to push diesel prices higher and tighten supplies ahead of a European Union ban on Russian refined products which is due to come into force early next year.
French refinery strikes are timed to hit hard
Strike action and unplanned maintenance has taken offline more than 60% of France's refining capacity - or 740,000 bpd - forcing the country to import more when global supply uncertainty has increased the cost.
bp layoffs at Ohio refinery after fire indicate prolonged shutdown
bp laid off most contractors at the approximately 160,000 barrel-per-day Toledo, Ohio, refinery it owns with Cenovus Energy Inc, indicating that the plant will experience a prolonged shutdown following last week's explosion and fire.
Strike action, outages in France's refined product sector
France's refined products sector is under strain as a result of strike action over pay and unplanned maintenance which have led to more than 40% of its refining capacity being taken offline.
- bp's Whiting refinery union workers reject contract extension 2/2
- China's CNPC set to restart Dalian refinery to process Russian oil 2/2
- Dow announces 2029 startup of Phase 1 of its $7.5-B Path2Zero ethylene project 2/2
- ExxonMobil, Chevron see glimmer of Venezuela's potential, especially in refining its crude 2/2
- Nigeria's Dangote refinery expands gas deals with NNPC to secure fuel for expansion programs 2/2
- Carlyle in talks with potential UAE partners on Lukoil assets 2/2
