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Europe

Two dead, 9 injured, 4 missing in blast at Eni site near Florence

Two people died, nine were injured and four were missing after an explosion on Monday at a fuel storage facility owned by Italian energy group Eni near Florence, local authorities said.

U.S. diesel exports to ARA set to rise on scarce European supply, firm US production

Diesel shipments from the U.S. Gulf Coast to Europe's main trading and refining hub, the Amsterdam-Rotterdam-Antwerp (ARA) region, are set to rise owing to improving export margins on the back of scarce supply in Europe and rising U.S. refinery production.

Russian petrochemicals giant Sibur plans IPO in coming months

Russian petrochemicals giant Sibur plans to list about 2% of its shares in an initial public offering on Russia's Eastern Exchange in the coming months. Russian listings have been thin on the ground since the exodus of Western capital after Moscow sent troops into Ukraine in February 2022, but a handful of small capital raises dominated by local retail investors has breathed some life into moribund equity capital markets.

Varo Energy in talks to buy Preem's Swedish refineries

European energy firm Varo Energy is in talks to acquire Preem's two Swedish refineries in a bet on growing demand for low-carbon biofuels.

Liquid Wind and SAMSUNG E&A partner to accelerate development of eFuel facilities

Liquid Wind and SAMSUNG E&A are entering into a collaboration agreement to accelerate the development of eFuel facilities outside of Europe, in Asia, Africa and the Middle East.

Elyse Energy secures €120 MM to accelerate development of e-methanol and SAF

Elyse Energy, a pioneering French company producing sustainable fuels and low-carbon feedstock, has secured €120 MM from Hy24, PGGM, Bpifrance and Mirova to accelerate development of its e-methanol and sustainable aviation fuel (SAF) production projects in France and Spain, addressing the growing demand for decarbonization solutions in the aviation, maritime and chemical sectors.

px Group awarded O&M contract for Atlantic Fuel Supply Company in Ireland

Following a competitive tender process, px Group, the Teesside, England-based infrastructure solutions business, has been awarded an operations and maintenance contract by Atlantic Fuel Supply Co. (AFSC) at its fuel terminal in Foynes, Ireland, due to the company’s experience and approach to safety standards.

Russian oil flow to Czech Republic expected to resume after halt

Russian oil flows to the Czech Republic via the Druzhba pipeline were seen resuming on Friday after payment issues linked to the transit via Ukraine, which caused a halt, have been sorted.

Russia's November seaborne diesel exports rise as production increases

Russia's seaborne diesel and gasoil exports rose in November on increased fuel production following a reduction in seasonal and unplanned refinery maintenance.

Obrist Group: Methanol is the ideal fossil fuel replacement for key industries

Methanol is the ideal replacement for fossil fuels in numerous key industries. This conclusion was reached by the engineering and consulting firm ILF Consulting Engineers, the patent and law firm ETL-IP, and the auditing company BDO in a joint due diligence of the German-Austrian industrial group Obrist Group.