Economics
APA to acquire rival Callon Petroleum in $4.5-B deal
U.S. oil producer APA announced it was buying rival Callon Petroleum in an all-stock transaction valued at $4.5 B including debt, following on the heels of a record year for dealmaking in the largest U.S. shale field.
AGI Group acquires Chemtrix B.V. to expand into the large-scale flow chemistry market
AGI Group is excited to announce the successful acquisition of Chemtrix B.V. effective from 29th December 2023.
Curtiss-Wright Exlar announces new Tritex EVA for oil & gas valve actuation
Curtiss-Wright’s Actuation Division announced that its new Exlar Tritex EVA electric valve actuator has achieved CSA Class 1, Division 2 Hazardous Location certification.
China's Rongsheng, Saudi Aramco in talks to buy stake in each other's units
Chinese privately-controlled refiner Rongsheng Petrochemical and Saudi Aramco are in talks for the Chinese company to buy a 50% stake in the Saudi company's refining unit SASREF.
Jet Aviation partners with World Fuel Services to offer SAF in Montana and Arizona (U.S.)
Jet Aviation announced that it has signed an agreement with World Fuel Services to secure and offer SAF on-site at its FBOs in Bozeman, Montana, and Scottsdale, Arizona, effective immediately.
Oil climbs as supply concerns deepen with Libyan oilfield disruption
Oil benchmark Brent rose by around a $1 a barrel, after reports of a disruption to Libya's top oilfield added to supply concerns emanating from tensions in the Red Sea.
China crude flows to storage poised to pick up after half-year lull
China's flow of crude oil into inventories faded over the second half of last year as the world's top importer reduced purchases in response to higher prices.
India turns to Saudi as purchases of Russian oil fall in December
India increased imports of Saudi oil in December as payment problems drove its Russian oil buys to an 11-month low, with at least five cargoes of the sweet Sokol variant heading to other locations, data from vessel tracking agencies showed.
Maersk partners with Yokohama City and Mitsubishi Gas Chemical to develop green methanol bunkering infrastructure
This collaborative agreement will focus on the development of green methanol bunkering infrastructure in Yokohama as Maersk’s 16,000 TEU green methanol-powered container vessels will be delivered since 2024.
Brussels Airport encourages the use of SAF thanks to federal government support
To accelerate the sustainable development of the aviation sector and encourage the use of sustainable fuel, Brussels Airport Company, thanks to federal government support, will be granting a special financial contribution to promote its use.
- U.S. SAF production forecast to eclipse 50,000 bpd by 2026 7/17
- Pertamina expects Balikpapan's CDU IV to resume later this month 7/17
- Exxon shut Joliet, Illinois, refinery after power outage 7/17
- ExxonMobil introduces Enable™ 1617 performance polyethylene 7/17
- Hexagon’s HxGN SDx2 helps industrial enterprises engineer, monitor and optimize global assets, operations 7/17
- Mabanaft submits approval documents for planned ammonia import terminal in Hamburg 7/17
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
