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Europe

Fire extinguished at Angarsk oil refinery in Russia's Siberia

A fire broke that broke out in the early hours at an oil refinery in the Siberian city of Angarsk has been extinguished, the governor of the Irkutsk region where the city is located, said.

Pakistan negotiating for a second discounted Russia crude shipment

Pakistan is negotiating to buy a second shipment of discounted Russian crude oil, the South Asian country's petroleum minister said.

BASF to supply Neopentyl Glycol from Zhanjiang to KHUA

BASF and Zhejiang Guanghua Technology Co.,Ltd. have signed a Letter of Intent for the supply of Neopentyl Glycol from BASF’s Zhanjiang Verbund site to KHUA.

H.E. Minister Saad Sherida Al-Kaabi stated that QatarEnergy will supply 40% of new LNG by 2029 at the LNG 2023 "Leadership Dialogue"

His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said “40% of all the new LNG that will come to the market by 2029, when all our projects are up and running, is going to be from QatarEnergy.”

Russian gasoline exports jump as Asia, Africa replace Europe

Russia's gasoline exports rose in January to June despite the introduction of the European Union's embargo, thanks to healthy supplies of the fuel to Africa and Asia, data from market sources showed and traders said.

Technip Energies and LanzaTech to collaborate on CO2-to-ethylene tech

Technip Energies and LanzaTech Global, Inc. signed a Joint Collaboration Agreement to create a new pathway to sustainable ethylene utilizing their combined technologies.

Oil dips on Chinese and U.S. data, but OPEC+ cuts limit fall

Oil prices dipped after weak economic data from top consumers the United States and China, though expected crude supply cuts from Saudi Arabia and Russia limited losses.

Fertilizer company OCI bets big on climate-friendly ammonia

Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1-B plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy government subsidies, new markets and a contingency plan.

Mitsui buys 49% of Danish e-methanol plant from European Energy A/S

Japan's Mitsui has agreed to buy 49% of a Danish e-methanol plant and a connected solar plant from the privately-owned renewable energy firm European Energy A/S, the Danish firm said.

bp expands investment in bioenergy, collaborating with U.S. biofuels developer WasteFuel

bp expanded its investment in bioenergy today as bp ventures committed $10 MM, leading the Series B investment round, in WasteFuel, a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as bio-methanol.