Economics
Disruptions in Red Sea unlikely to have large effects on oil, LNG
The disruption to energy flows in the Red Sea is unlikely to have large effects on crude oil and LNG prices as vessel redirection opportunities imply that production should not be directly affected.
Bain-backed biofuels refiner ties up with China firm to source feedstock
Bain Capital-backed biofuels refiner EcoCeres has tied up with a waste management firm backed by the Chinese city of Shenzhen to source feedstock as it expands production of low-carbon fuels to meet fast-growing demand.
Slovakia wins EU OK on Russian oil-based products sales to Czech Republic
The European Union has granted Slovakia a one-year extension on exporting fuels produced from Russian oil to the Czech Republic.
Nextchem awarded new project in the UAE for the transformation of solid waste into SAF
Maire announces that Nextchem, through its subsidiary MyRechemical, has been awarded a feasibility study for the integration of its proprietary Waste-to-Syngas technology in a large-scale conversion plant that would transform solid municipal waste into SAF.
Coolbrook cracks naphtha, advancing zero-carbon steam cracking at its pilot plant
Coolbrook has successfully demonstrated electric steam cracking of naphtha in its large-scale pilot plant in Brightlands Chemelot Campus, the Netherlands
Venezuela's PDVSA, Spain's Repsol agree to revive oil joint venture
Venezuelan state oil company PDVSA and joint venture partner Repsol signed an agreement amending the original terms of a project in the country, aiming to revive its crude and gas output.
CNX Resources pulls out of Adams Fork ammonia project
CNX Resources said it had pulled out of the Adams Fork ammonia project and is evaluating several alternative sites in southern West Virginia for clean hydrogen projects.
ADNOC to acquire OCI’s stake in Fertiglobe
Abu Dhabi National Oil Company P.J.S.C. and OCI Global, announced that they have entered into a sale and purchase agreement for the acquisition by ADNOC of OCI’s entire majority shareholding in Fertiglobe plc.
Elon Musk says oil and gas should not be demonized
Oil and gas should not be demonized in the medium-term, Elon Musk, the founder of electric car maker Tesla, but he also said it was important to reduce carbon emissions to preserve the planet.
Russia does not yet see grounds for lifting ban on winter diesel export
Russian Energy Minister Nikolai Shulginov said that the government does not yet see grounds for lifting the ban on the export of winter diesel.
- 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
