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Economics

Russia's Novak says NORSI refinery repairs to take at least a month

Russian Deputy Prime Minister Alexander Novak said that repair work on Lukoil's NORSI oil refinery will take at least a month or a month and a half, in another setback for Russia's oil refining industry.

Baker Hughes achieves new hydrogen milestones to accelerate transition to hydrogen economy

Baker Hughes, an energy technology company, announced several milestones to support the growth of the hydrogen economy, as part of the company’s broader strategy in new energy.

BASF and Envision Energy enter a collaboration to drive sustainable energy solutions

BASF process catalysts announced a new collaboration with Envision Energy, a leading green technology provider of comprehensive net zero solutions.

Borouge 4 construction surpasses 50% completion milestone

Borouge announced that the Borouge 4 project, one of the largest industrial projects underway in the UAE, is over 50% complete.

France drops plan to decrease farmers' diesel discount but protests to continue

The French government dropped plans to gradually reduce state subsidies on agricultural diesel but that seems not enough for angry farmers surrounding Paris and still threatening to converge on the capital in their tractors.

Mexico president admits fuel production still short to reach energy self-sufficiency

Mexico will be short of the fuel it needs to meet President Andres Manuel's Lopez Obrador goal of energy self-sufficiency when his term ends this year, he said during a recent press conference.

Neste and PVG partner to enable households in Europe to heat their homes with a lower-emission heating kerosene

Neste is offering a new co-processed odorless heating kerosene as a lower-emission solution for portable liquid fuel heaters.

France drops plan to decrease farmers' diesel discount as tractors surround Paris

The French government dropped plans to gradually reduce state subsidies on agricultural diesel as angry farmers surrounded Paris and threatened to converge on the capital in their tractors.

Russia struggles to sell Pacific oil, 14 tankers stuck

More than a dozen tankers loaded with 10-MM barrels of Russia's Sokol grade crude oil have been stranded off the coast of South Korea for weeks, so far unsold due to U.S. sanctions and payment issues.

Geely's e-fuels solution to a carbon neutral future

Geely's investment in green methanol technology has resulted in the development of the methanol-powered Geely Emgrand M100 Hybrid, contributing to a significant reduction in oil dependence for Guiyang's taxi fleet.