Refining
Quick wins on cutting methane dogged by a slow transition
The pledge to cut methane emissions by 30% below 2020 levels by 2030 has been signed by 159 countries plus the EU. Many of them have developed, or are working on, methane action plans, and billions of dollars have been committed to the effort.
IEA: World oil and gas demand could grow until 2050
The Paris-based energy security watchdog predicted in its annual outlook that the world will likely fail to meet its goal to cap the rise in temperatures to as close as possible to 1.5°C degrees (2.7°F) above pre-industrial times to avoid the most devastating effects of climate change.
Bulgaria's president vetoes law to seize Lukoil refinery amid U.S. sanctions
Bulgaria's President Rumen Radev returned the legislation to parliament for further discussion, saying the changes failed to provide protection against future financial claims against the state, violated Bulgaria's constitution and posed a risk to public finances.
Chinese refiners' term oil volumes from Saudi Arabia to drop in December
The expected drop in supply from the world's top exporter to the world's largest oil importer for a second straight month comes as some Chinese refineries are heading for maintenance and as independent refiners are waiting for Beijing to issue 2026 import quotas.
Novatek has fully restored operations at Ust-Luga's condensate complex
The condensate is being processed into light and heavy naphtha, kerosene, diesel and marine fuel.
- Yara to rethink U.S. ammonia project if EU suspends carbon levy 1/16
- Larsen & Toubro wins order for hydrocarbon onshore business 1/16
- Veolia and SBM Offshore partner to deploy near-shore, floating desalination units 1/15
- Formosa Petrochemical extends Taiwan cracker shutdown due to weak derivative margins 1/15
- Cargill advances maritime Decarbonization with delivery of first green methanol dual-fuel vessel 1/15
- Key U.S. energy, power trends at home and on world markets 1/15
