Refining
Gazprom Neft provisionally agrees to sell NIS stake to Hungary's MOL
NIS supplies about 80% of Serbia's fuel market and holds around half of the retail segment.
China's fuel oil imports slip in 2025 on weaker demand from refineries
China's demand for fuel oil typically comes from independent refiners, which can opt to use it as an alternative feedstock when they run out of crude-oil import quotas.
With refining spin off, Galp focuses on growing upstream in Brazil, Namibia
The company said earlier this month it was in talks with private equity-backed Moeve to combine their businesses in two new entities - one focusing on retail and another on refining.
Larsen & Toubro wins order for hydrocarbon onshore business
The project, to be delivered entirely on a lump sum turnkey basis, comprises engineering, procurement, construction and commissioning (EPCC) of a liquefied natural gas (LNG)/ethane double-wall storage tank with a capacity of 170,000 m3 and a propane double-wall storage tank with a capacity of 140,000 m3 at the Dahej Petrochemical Complex in Gujarat.
Key U.S. energy, power trends at home and on world markets
Overseas, the U.S. is set to cement its position as the largest and most influential exporter of crude oil and natural gas, which continue to underpin a vast majority of global energy systems and generate massive earnings for the U.S. Treasury.
- Bechtel greenlit for Sabine Pass Liquefaction expansion in Southwest Louisiana (U.S.) 5/29
- Philippines receives rare Iranian crude cargo after wartime disruption 5/29
- Gazprom and Sibur resume talks on possible ethane project to supply additional feedstock to the Kazanorgsintez petrochemicals plant 5/29
- European Commission debates policy shift to protect industry from China 5/29
- Mitsui seeks LNG investments to meet power demand from data centers 5/29
- Kenyan government backs Gulf fuel supply deals after opposition criticism 5/29
