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Europe

KBR launches SAF technology in alliance with Swedish Biofuels

KBR announced that it has launched sustainable aviation fuel (SAF) technology in alliance with Swedish Biofuels AB.

Cepsa to supply green ammonia to Rotterdam port

Spain's Cepsa signed a deal with three Dutch companies to supply green ammonia to a terminal in the port of Rotterdam.

EU countries poised to agree to push on fossil fuel phase-out

European Union countries are preparing to endorse a diplomatic stance on Monday calling for a global phase-out of fossil fuels as they prepare for this year's U.N. climate change talks.

Germany relaxes restrictions to expedite sale of Rosneft's stake in the Schwedt refinery

Germany plans to adjust its Energy Security Act to allow a quick sale of Russian energy group Rosneft's stake in the Schwedt refinery without the need for prior nationalization.

Kazakhstan to supply 100,000 tons of oil in March to the PCK Schwedt refinery in Germany

Kazakhstan will supply 100,000 tons of oil via Russia's Druzhba pipeline to Germany in March for the PCK Schwedt refinery.

Venezuela's PDVSA allocates heavy crude cargo to Italy's Eni

Venezuela's PDVSA has allocated an oil cargo to a unit of Eni for a February loading, the first to the Italian firm following a contract suspension this year by new management at the state-run company.

U.S. diesel prices drop as Europe's ban on Russian imports begins

U.S. diesel prices have dropped this month and could go lower, analysts said, an unexpected swoon that coincided with the start of a British and European Union ban on Russian fuel imports.

Russian energy minister sees no reason to reduce petroleum products output

Russian energy minister Nikolai Shulginov on Friday said there was no reason for a sharp reduction in the country's petroleum products output in response to a European Union embargo, Interfax reported.

INEOS Inovyn secures long-term green power supply deal for its Norwegian sites

INEOS Inovyn and Statkraft have today renewed their long-standing partnership in Norway by signing two new long-term power agreements to supply renewable energy for INEOS Inovyn’s Rafnes and Porsgrunn sites.

EU diesel price cap to limit Moscow's choice of buyers, including Asia

A proposed EU price cap on Russian diesel may be high enough to allow Moscow to continue exporting the fuel, but in practice could deter big Asian buyers who have become used to buying cheap Russian crude to refine it themselves, analysts say.