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Economics

New IMI electrolyzer boosts University of Sheffield’s development of SAF

The University of Sheffield has successfully bolstered its efforts to decarbonize the aviation industry by increasing its green hydrogen production capacity, following the successful commissioning of a new polymer electrolyte membrane electrolyzer.

Mabanaft and TUI Cruises sign MoU for the supply of methanol

Hamburg-based energy company Mabanaft has signed a Memorandum of Understanding with TUI Cruises, one of the leading cruise operators, to supply green methanol in the future.

Singapore fuel oil inventories slip on lower imports, higher bunker demand

Singapore onshore inventories of residual fuel oil slipped for a second straight week on lower imports, while more demand for marine bunkers also led to a drawdown.

Russian Black Sea oil refinery fire extinguished

A fire at a Rosneft-owned export-oriented oil refinery in the southern Russian town of Tuapse overnight has been extinguished.

India expects fuel demand to grow 2.7% in the next fiscal year

India's fuel consumption is expected to rise 2.7% in the next fiscal year beginning on April 1, initial government estimates showed.

Valin Corporation celebrates 50th anniversary

Valin Corporation, a provider of technical solutions for technology, energy, life sciences, natural resources, and transportation industries, is celebrating its 50th anniversary this year.

Acelen Renewables selects Honeywell for SAF and renewable diesel fuel production

Honeywell announced that Acelen Renewables has selected its Ecofining technology to help support the efficient production of a targeted 20,000 bpd of SAF and renewable diesel.

Woodside says Santos merger talks still at early stage as it forecasts higher production

Woodside Energy CEO Meg O'Neill said there was no recent precedent for sizable premiums in oil and gas deals as the producer reported it was still in the early stages of talks over a potential $52-B merger with Santos.

Russia's Novatek resumes fuel loadings at damaged Ust-Luga terminal

Russian energy company Novatek resumed fuel loadings at its Baltic Sea Ust-Luga terminal, damaged in a suspected drone attack.

Two-day strike to hit output, delivery from Neste oil refinery

A planned two-day strike action by Finnish industrial workers early next month will hit output and supply from Neste's oil refinery in Finland.