Refining
Mizzou researchers engineer plants for optimal biofuel production
To meet the increasing global demand for biofuels, scientists are already modifying plant genes to boost the amount of plant oil being produced. That’s because inside the plant, a complex network of metabolic pathways turns sunlight, carbon dioxide (or atmospheric carbon), water and nutrients into vital compounds including oil, the foundational ingredient of biofuel.
Spanish oil company Moeve's profit falls on blackout impact
The company attributed the core profit decline mainly to the cost of halting and restarting its two oil refineries during and after the April 28 blackout.
EU-sanctioned Indian refiner Nayara takes Microsoft to court over outage
Russia-backed Indian refiner Nayara Energy Monday said it has started legal proceedings against Microsoft following the abrupt and unilateral suspension of critical services by the U.S.-headquartered software giant.
U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses
The shake-up in trade flows reflects a shortage of medium and heavy crude grades at the key Gulf Coast refining hub, which has struggled in recent months to secure adequate supplies amid Mexican production and quality challenges, and Washington's pressure strategy on Venezuela's sanctioned energy industry.
CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions
The reshuffle at the top is the latest disruption for the company since the EU announced a new round of sanctions last Friday directed at Russia over its war in Ukraine.
PetroChina makes FID for new northeast refinery complex
The new complex comprises a 200,000-bpd crude oil refinery, a 1.4-metric MMtpy ethylene complex as well as a variety of downstream petrochemical units such as polyethylene, polypropylene and polyolefin elastomer.
Valero Energy beats Q2 profit estimates as refining margins improve
Refiner Valero Energy beat Wall Street estimates for second-quarter profit as a rebound in refining margins helped cushion the loss in its renewable diesel unit.
SWISS becomes world’s first airline to integrate Synhelion solar fuel into its flight operations
Swiss International Air Lines (SWISS) has become the first airline in the world to integrate the solar fuel manufactured by the Swiss-based Synhelion clean-tech company into its regular flight operations.
Finland's Neste tops earnings forecast on soaring SAF sales
Finnish biofuel maker and oil refiner Neste reported stronger than expected core earnings for the second quarter driven by soaring sales of sustainable aviation fuel (SAF), sending its shares rising.
Shell restarts hydrodesulphurization unit at Pernis oil refinery after unplanned outage
Shell has restarted a hydrodesulphurization unit at its 400,000 barrel per day Pernis oil refinery in Rotterdam after an unplanned outage on July 19.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
