Economics
Philippines seeks gasoline price cut with higher ethanol blend
The Philippine government aims to lower domestic pump prices for gasoline by calling for a higher ethanol blend of 20% on a voluntary basis, from the current mandatory 10%.
Vitol to launch specialist biofuel bunker barges in early 2024
Global energy trader Vitol will be delivering specialized bunker barges at Singapore in early 2024, and will be able to offer a range of biofuel blends through its subsidiaries V-Bunkers and Vitol Bunkers.
Saudi minister says oil firm acquisitions show that hydrocarbons 'here to stay'
Saudi Energy Minister Prince Abdulaziz bin Salman said that acquisitions by major oil firms such as Chevron's $53 B all-stock deal to buy Hess showed that hydrocarbons were here to stay.
Evergreen and CIP team up to explore green shipping fuels
Evergreen Marine Corporation and Copenhagen Infrastructure Partners have signed a Memorandum of Understanding to jointly explore production and usage of carbon-neutral e-fuels.
DHL and World Energy partner for aviation decarbonization with SAFc
DHL Express and World Energy have signed a long-term strategic agreement to accelerate the decarbonization of aviation logistics through the purchase of approximately 668 million liters of SAF via sustainable aviation fuel certificates.
Belarus expects Russia to pay $640 MM in compensation for refineries
Belarus expects to receive $640 MM from Russia in 2024 to compensate for losses sustained by its oil refineries.
Singapore to roll out electronic bunker delivery notes from November
Singapore's Maritime and Port Authority will launch a digital bunkering initiative on Nov. 1, making the city-state the first port in the world to use electronic bunker fuel delivery notes.
Asia's lack of biofuels demand hinders investments
A lack of biofuels demand in Asia-Pacific is making it hard for companies to justify pumping billions of dollars into projects in the region despite growing decarbonization efforts worldwide.
Trafigura seeks to charter tanker to export Venezuelan fuel oil
Global commodities trader Trafigura is seeking to charter at least one large tanker to export Venezuelan fuel oil, a move that follows this week's easing of U.S. sanctions on the OPEC country's energy industry.
Navigator CO2 Ventures cancels carbon-capture pipeline project in U.S. Midwest
Navigator CO2 Ventures has canceled its Heartland Greenway pipeline project aimed at capturing 15 Mmt of carbon dioxide annually from Midwest ethanol plants and storing it permanently underground citing "unpredictable" state regulatory processes.
- Rompetrol completes DCU project at Petromidia refinery 7/17
- 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
- Tribunal rejects TC Energy's $15-B claim for Keystone XL 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
