Economics
Biden administration taking heat from all sides over Louisiana LNG project
The Biden administration faces mounting pressure over whether to approve a massive new Louisiana LNG export project, with environmentalists saying the facility would undermine U.S. climate goals and business interests arguing it is essential for global energy security.
Riding the wave of transition to a sustainable chemical industry
The chemical industry has shown resilience in addressing economic turbulence and supply chain disruptions after the COVID 19 pandemic.
Norsk e-Fuel closes e-fuels agreements with Norwegian Air Shuttle and Cargolux
Norsk e-Fuel achieved key partnership milestones by finalizing substantial agreements for offtake and investment, securing commitments from international airlines Norwegian Air Shuttle and Cargolux Airlines International S.A. to purchase fossil-free aviation fuel.
Azure announces plans to develop SAF-focused renewable fuel production facility in Canada
Azure Sustainable Fuels Corp. continues to reach milestones in its development of a renewable fuel production facility in Canada that will produce approximately 20,000-bpd of predominantly SAF with first production targeted for 2027.
Two diverted oil tankers enter Red Sea but disruptions continue
Two oil tankers that had diverted away from the Red Sea have turned back and passed through the Bab al-Mandab Strait, ship-tracking data shows, though tensions in the region continued to disrupt global shipping and trade.
West Africa Crude-India's purchases of Nigerian crude jump in December
Data showed that India's imports of Nigerian crude jumped from November to December 2023, as the South Asian country took advantage of Nigeria's large overhang of cargoes.
Italy's Eni, LG Chem press ahead with South Korea's biorefinery project
Eni's sustainable mobility unit Enilive has signed joint venture agreement with LG Chem to develop a biorefinery in South Korea.
CIB partners with Azure Sustainable Fuels on SAF project development
The Canada Infrastructure Bank and Azure Sustainable Fuels Corp. are partnering on a FEED study for SAF production in Canada
Proman and Bahri Chemicals to time-charter two methanol-powered ships
Proman and Bahri have announced a five-year agreement for Bahri Chemicals, a Bahri business unit, to time-charter two methanol-powered ships, Stena Provident and Stena Progressive, to transport various products globally.
Brazil's Petrobras plans to finish RNEST refinery's Train 1 expansion in early 2025
Brazilian state-run oil firm Petrobras, opens new tab said that it plans to finish expansion works on Train One of its Abreu e Lima refinery in the first quarter of 2025, nearly a decade after the expansion was halted due to a massive corruption scandal.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
