Economics
Saving Scotland's only refinery a rare point of agreement in UK election race
Candidates from all of Scotland's major political parties competing in the UK general election are putting pressure on energy company Petroineos to delay the closure of Scotland's sole oil refinery at Grangemouth and save jobs.
Business Trends: Global Energy Talent Index: A detailed analysis on the petrochemicals industry’s workforce
This article provides an overview of the global petrochemicals sector’s workforce, as well as how AI is reshaping job roles, skills, adoption, popularity and policy awareness across the industry, and anticipate the major risks and opportunities it presents.
Nigeria's Dangote refinery boosts gasoil exports to West African market
Nigeria's new Dangote oil refinery is increasing gasoil exports to West Africa, taking market share from European refiners.
Alberta says 2023/24 budget surplus smaller than forecast, cites refinery losses
Canada's main oil-producing province of Alberta on Thursday said the 2023/24 budget surplus would be smaller than initially estimated, partly due to losses incurred by the Sturgeon refinery, which is joint-owned by the province.
Cepsa begins construction of the first chemical plant in Spain to produce the base for hydroalcoholic gels
Cepsa has begun construction on a new €75-MM, 80,000-tpy isopropyl alcohol plant in Spain.
New DNV survey highlights oil and gas sector paradox
The latest DNV survey, “The Paradox of Petroleum—How the oil and gas sector is transforming through uncertainty,” gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector.
Russian oil and gas revenues set to rise by 50% y/y in June, refinery subsidies decrease
Russia's oil and gas revenue in June is set to rise by more than 50% year on year to $9.4 B, after a decrease in subsidies to refineries and reflecting the Russian economy's ability to limit the impact of sanctions.
Oil prices push higher as demand expectations offset dollar strength
Oil prices edged up on Monday on the prospect of strong summer fuel demand and rising geopolitical tensions outweighed the effects of a stronger dollar.
Nigeria's Dangote Refinery accuses oil majors of blocking local crude purchase
An executive of the Dangote Refinery said on Sunday oil majors were blocking its access to locally produced crude oil by selling it above market price or claiming it was unavailable, forcing the company to rely on expensive imports.
China produces first nuclear-generated steam for petrochemicals plant
China's first nuclear-based steam generation project began production on Wednesday, state-run China National Nuclear Corp (CNNC) said in a Wechat post announcing the latest step in Chinese efforts to decarbonize heavy industry.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
