Economics
Norway to add more Arctic acreage for oil and gas drilling
Norway plans to add another 37 blocks to its annual so-called pre-defined areas oil and gas licensing round in the Norwegian Sea and the Barents Sea.
Traders divert Russian oil products around Africa to avoid Red Sea
Traders were diverting cargoes with Russian oil products around Africa to avoid the Red Sea due to a heightened risk of attacks by Yemen’s Iran-aligned Houthi group.
Well-stocked U.S. fuel markets shrug off January's arctic blast
A bitter January cold snap that knocked out 15% of Gulf Coast refining capacity had little effect on fuel prices, with two months of rising stockpiles helping U.S. markets avoid the extreme volatility seen during recent winter freezes.
Airbus, Avinor, SAS, Swedavia and Vattenfall pave the way for hydrogen aviation in Sweden and Norway
Airbus, Avinor, SAS, Swedavia and Vattenfall have signed a Memorandum of Understanding to investigate the feasibility of a hydrogen infrastructure at airports in Sweden and Norway.
India sugar industry wants more sugar used for ethanol as supply improves
The Indian sugar industry urged the government to allow more sugar to be diverted for the production of ethanol, citing improved supply after unseasonable rainfall in key cane-growing states in 2023.
Return of U.S. oil sanctions on Venezuela to hit revenue, fuel imports
The return of U.S. sanctions on Venezuela's oil and gas sectors would hurt the OPEC country's ability to collect cash from its oil exports, crimp new energy investments and raise the risks of domestic fuel scarcity.
Nextchem awarded licensing and engineering design package for Norsk e-fuel’s first industrial scale e-fuel plants located in Norway
NextChem has signed a contract with Paul Wurth S.A. and Norsk e-Fuel AS for a licensing and engineering design package relating to NX CPO to be applied in the first industrial scale plant able to produce SAF from green hydrogen and biogenic CO2 in Mosjøen, Norway.
Sonichem launches project to transform the automotive industry with bio-based plastics
A consortium led by sustainable technology innovator Sonichem has been granted nearly $760,000 in funding from Innovate UK’s 'Resource efficiency for materials and manufacturing' program.
Red Sea worries cause spike in refined fuel prices, but market will adjust
The main impact from the escalating tensions in the Middle East and the threat to ships transiting the Red Sea isn't on crude oil prices, but rather on the heightened vulnerability of refined fuels.
Linde starts up supply of captured CO2 to Celanese for methanol production
Linde announced that it has started supplying clean hydrogen and captured CO2 to Celanese for its production of methanol.
- Essar launches hydrogen power plant at Stanlow refinery (U.K.) 7/16
- Trelleborg partners with Airbus on hydrogen-powered air travel 7/16
- Neste, Mitsubishi Corporation agree on strategic partnership to develop supply chains for renewable chemicals and plastics 7/16
- Vale, Komatsu and Cummins announce collaboration to develop dual-fuel large trucks, powered by ethanol and diesel 7/16
- Mexico–U.S. energy trade value fell in 2023 on lower fuel prices 7/16
- Belarus' Mozyr oil refinery restoring operations after outage due to storm 7/16
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- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
