Economics
Shell publishes Energy Transition Strategy 2024
Shell has published its first energy transition update since the launch of its Powering Progress strategy in 2021 and with this energy transition update, Shell is focusing on how the same strategy delivers “less emissions”.
Technip Energies, JGC, and NPCC got limited approval for ADNOC’s Ruwais LNG Project in the UAE
Technip Energies, leader of a joint venture with JGC and NPCC, have received a Limited Notice To Proceed from ADNOC to commence early engineering, procurement and construction activities at the Ruwais low-carbon LNG project, located in Al Ruwais Industrial City, Abu Dhabi.
South Korean authorities probe origins of naphtha imports
South Korean authorities are investigating imports of naphtha, a petrochemical feedstock, looking into whether supply from Russia was being mislabeled as fuel from elsewhere, multiple sources familiar with the matter said.
Trafigura, Mercuria switch bunkering to Mauritius amid attacks, tax dispute
With more ships heading around the Cape of Good Hope due to attacks in the Red Sea region and a shutdown in their main South African bunkering operations, Mercuria and Trafigura have started refueling services in Mauritius.
LyondellBasell's Spheripol and Hostalen ACP technologies at Inner Mongolia Rongxin Co., Ltd. complex in China
LyondellBasell, the world’s largest licensor of polyolefin technologies, announced that Inner Mongolia Rongxin Co., Ltd., will use the LyondellBasell Spheripol and Hostalen Advanced Cascade Process technologies for its new facility.
U.S. crude stocks post surprise drop as refiners ramp up processing
Crude inventories fell by 1.5 MM barrels to 447 MM barrels last week, the EIA said, compared with analysts' expectations in a poll for a 1.3 MM-barrel rise.
JERA to conduct trial of co-firing ammonia at coal power plant from March to June
Japan's top power generator, JERA, plans to co-fire 20% of ammonia with coal at its Hekinan thermal power station, in what it said will be the world's first trial using a large amount of the gas at a major commercial plant.
Evonik expands sustainable catalyst offerings with new product Octamax
Evonik has launched a highly sustainable new catalyst product, Octamax, that improves sulfur removal performance for refinery fuel.
Neste completes its organizational change process to improve long-term competitiveness
Neste announced that it will merge its three renewable business units into one Renewable Products business unit as well as restructure its functions to better support business-driven ways of working.
Avfuel and Neste ink extension of SAF supply agreement
Avfuel Corporation and Neste finalized a partnership extension that keeps the companies at the forefront of SAF supply for business aviation, cementing their leadership positions in the sustainable space.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
