Refining
Zambia plans 60,000-bpd oil refinery in copper belt
Officials hope construction will start in the third quarter of 2025, with a first phase of commercial operations planned for 2026.
Mitsubishi Chemical Group invests in Licella Holdings, oil conversion technology using supercritical water
Diamond Edge Ventures Inc. (DEV), the corporate venture arm of Mitsubishi Chemical Group (MCG Group), has announced an investment in Licella Holdings Ltd., an Australian technology leader in advanced recycling and renewable fuels.
Oil prices rise after new EU sanctions on Russia
The EU reached an agreement on an 18th sanctions package against Russia over its war in Ukraine, which includes measures aimed at dealing further blows to Russia's oil and energy industries.
What's in the EU's 18th sanctions package against Russia?
Here are the details of the European Union's 18th sanctions package against Russia over its war in Ukraine, approved on Friday and aimed at dealing further blows to Russia's oil and energy industry.
Shell Catalysts & Technologies, Technip Energies sign global alliance agreement for carbon capture delivery
The alliance combines Shell Catalysts & Technologies' leading technology expertise with Technip Energies’ integration and project delivery excellence.
EIA: U.S. crude stockpiles fall as exports rise; fuel demand drops
U.S. crude oil stockpiles fell last week as exports rose, while gasoline and distillate inventories rose, prompting some concerns about fuel demand.
India's ONGC considers a ~230,000 bpd refinery in Gujarat state
India wants to position itself as a global refining hub and is expanding capacity.
Phillips 66's Bayway (U.S.) refinery partially shut after power outage
Phillips 66 has partially shut its 258,500-bpd Bayway refinery in Linden, New Jersey (U.S.) after rainstorms in the region caused a power outage at the plant.
India can secure oil even if Russian imports sanctioned, minister says
India's foreign ministry spokesperson said that securing energy needs was an "overriding priority" for the country, in which it was guided by what was on offer in markets and the "prevailing global circumstances."
China's surplus crude oil surges in June, giving refiners options
China accelerated the pace at which it is building crude oil stockpiles in June as the strongest imports in almost two years outweighed a rise in refinery processing.
- Slovakia considers higher diesel price for foreigners to battle fuel tourism 3/17
- China's fuel export ban to further tighten Asia supply 3/17
- Japanese refiner Idemitsu to invest $500 MM in Australian Midocean to enter LNG business 3/17
- European airlines plan challenge to EU synthetic jet fuel rules 3/17
- CITGO launches advanced grease technology for severe-duty applications 3/17
- Macquarie walks away from Kuwait oil pipelines deal amid Iran war 3/17
