Europe
Lufthansa Group and HCS Group sign Letter of Intent on the production and supply of sustainable aviation fuel ‘Made in Germany’
The Lufthansa Group and the HCS Group have signed a Letter of Intent to partner on the production and supply of sustainable aviation fuel.
Britain commits to hundreds of North Sea oil and gas licenses
Britain committed to granting hundreds of licenses for North Sea oil and gas extraction as part of efforts to become more energy independent, drawing criticism from environmental campaigners.
BASF, Huntsman, and Chinese partners agree to petrochemical deal in China
BASF and Huntsman together with their Chinese partner companies – Shanghai Hua Yi (Group Company), Sinopec Shanghai Gaoqiao Petrochemical Co., Ltd. and Shanghai Chlor-Alkali Chemical Co., Ltd. – announce the planned separation of their joint MDI (diphenylmethane diisocyanate) production at Shanghai Lianheng Isocyanate Co., Ltd. (SLIC).
Russia's ESPO blend crude prices to China soar on robust demand
Discounts for Russia's ESPO Blend crude arriving in China in September are at their narrowest in eight months on firm demand from Chinese independent refiners, trade sources said.
End of Nigerian fuel subsidy set to squeeze Europe's refiners
One of Europe's main markets for gasoline has shrunk, threatening to squeeze European refiners, after Nigeria removed fuel subsidies, which destroyed much of the country's domestic demand and a regional market for smuggled fuel.
Obscure traders ship half Russia's oil exports to India, China after sanctions
A Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.
Varo Energy secures $3.3 B in boost to biofuel goals
Refiner and trader Varo Energy secured $3.33 B in its latest financing round, which will help to fund its sustainable energy projects, including its purchase of a stake in northern Europe’s biggest biogas facility.
ENGIE teams up with CMA CGM and Air France-KLM for an industrial-scale renewable fuel platform in Le Havre
As part of the "Grand Canal du Havre" call for projects, through the conclusion of state titles, HAROPA PORT has awarded ENGIE 24 ha of land for the development of a benchmark platform for alternative new industrial fuels embodied by the Salamandre and France KerEAUzen projects.
China hugely boosts crude stockpiling on cheap Russian oil
China boosted its stockpiling of crude oil to the highest level in three years in June, taking advantage of cheap Russian crude to bolster inventories and add flexibility to future import requirements.
Russia reports fuel spill in Northern Dvina river
An oil products spill in the Northern Dvina river in Russia's Arkhangelsk region has resulted in a large oil slick on the water surface, the head of environment watchdog Rosprirodnadzor said.
- Essar launches hydrogen power plant at Stanlow refinery (U.K.) 7/16
- Trelleborg partners with Airbus on hydrogen-powered air travel 7/16
- Neste, Mitsubishi Corporation agree on strategic partnership to develop supply chains for renewable chemicals and plastics 7/16
- Vale, Komatsu and Cummins announce collaboration to develop dual-fuel large trucks, powered by ethanol and diesel 7/16
- Mexico–U.S. energy trade value fell in 2023 on lower fuel prices 7/16
- Belarus' Mozyr oil refinery restoring operations after outage due to storm 7/16
- 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
