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Economics

Nigeria's Dangote refinery receives first crude cargo

The Dangote oil refinery in Nigeria received its first cargo of 1 million barrels of crude oil from Shell International Trading and Shipping Co, bringing the start of operations closer after years of delays.

Details of Canada's planned regulations to limit oil and gas emissions

Canada unveiled planned regulations to limit emissions from the oil and gas sector using a cap-and-trade system, fulfilling a promise by Prime Minister Justin Trudeau's government to cut emissions in its most polluting sector.

INEOS announces the acquisition of the LyondellBasell ethylene oxide & derivatives business and production facility at Bayport, Texas (U.S.) for $700 MM

INEOS has announced an agreement with LyondellBasell to buy its ethylene oxide & derivatives business including the Bayport Underwood site, Texas.

Indonesia allots 13.41 MM kiloliters of biodiesel for mandatory blending in 2024

Indonesia has allotted 13.41 million kiloliters of biodiesel for mandatory blending in 2024, slightly more than this year's allocation.

Heidelberg University and BASF extend collaboration at jointly operated catalysis laboratory CaRLa for five more years

BASF and Heidelberg University will continue to jointly operate the Catalysis Research Laboratory for a further five years.

EU regulators fine ethanol producer Lantmannen $51 MM over ethanol benchmarks cartel

EU antitrust regulators fined Lantmannen, the largest ethanol producer in the Nordic region, $51.4 MM for rigging ethanol benchmarks between November 2012 to March 2014.

India curbs ethanol production from cane juice to boost sugar supplies

India directed sugar mills not to use cane juice or syrup to produce ethanol, as New Delhi tries to increase sugar supplies by curtailing ethanol production.

Venezuela's PDVSA authorizes first two oil cargoes to India after sanctions relief

Venezuelan state oil company PDVSA has assigned loading windows in December to two vessels bound for India under crude spot deals with Italy's ENI and U.S.-based Chevron, an internal company document showed.

P1 Fuels and Carbon Recycling International sign contract to deliver e-fuel production unit to Germany

P1 Performance Fuels announces a transformative collaboration with Carbon Recycling International to drive e-fuel production for internal combustion engine vehicles.

Global airlines body urges oil sector to invest more in sustainable fuel

The oil and gas sector and alternative fuel producers need to beef up efforts to produce greener aviation fuel to help airlines cut carbon emissions.