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Goldman Sachs: Global LNG market to grow by 50% by 2029
Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.
X-Press Feeders' vessel is the first green methanol refueling in the Port of Singapore
X-Press Feeders, along with the Maritime and Port Authority of Singapore and PSA Singapore, achieved a historic milestone towards sustainable shipping with the arrival in Singapore and successful refueling of X-Press Feeders’ first dual-fuel vessel. This vessel, the first to dock and refuel with green methanol in the Port of Singapore, underlines the nation's commitment to supporting the transition to renewable fuels in the global maritime industry.
Neste expands its sustainable aviation fuel supply capabilities in Europe in partnership with VTTI
Neste has further expanded its capability to supply sustainable aviation fuel to customers in Europe in cooperation with VTTI, a global leader in energy storage and developer of energy infrastructure.
Verbio commences biorefinery conversion project in Indiana (U.S.)
Verbio has begun converting its South Bend ethanol plant into a cutting-edge biorefinery. With a groundbreaking ceremony, Verbio aims to integrate renewable natural gas (RNG) and bioethanol production through innovative methods.
India's use of crude tankers to export diesel slows in May
Indian refiners' use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared two-year high levels last month.
ADNOC to acquire 10% equity stake in major LNG development in Mozambique
ADNOC announced the acquisition of Galp’s 10% interest in the Area 4 concession of the Rovuma basin in Mozambique, entitling ADNOC to a share of the LNG production from the concession, which has a combined production capacity exceeding 25 MMtpy.
Digital Exclusive: Supporting the shipping sector’s decarbonization to a carbon-free future
As the speed of new fuel development ramps up, the challenge for lubricant manufacturers is to stay ahead of those changes to ensure that, when those fuels do become commercially viable, lubricant solutions are available that are tried, tested and ready to support shippers as they evolve towards a carbon-free future.
Gulfstream LNG export terminal (U.S.) receives U.S. FERC approval
Gulfstream LNG, under development in Plaquemines Parish, Louisiana, announced that it has received the U.S. Federal Energy Regulatory Commission approval to commence the pre-filing permitting process, kicking off the regulatory review for its proposed 4-MMtpy modular export facility.
China's April gasoline exports fall to lowest level since July 2015 on recovering domestic demand
China's gasoline exports in April fell to the lowest level since July 2015, as domestic travel and fuel use increased in the recovering economy.
NextDecade plans to take FID on LNG train 4 in 2H of this year
In the company's Q1 business update, NextDecade's Chairman and Chief Executive Officer, Matt Schatzman, provided an update on the company's LNG terminal project in south Texas (U.S.).
- Ergon to invest $400 MM to expand gasoline production at Vicksburg refinery (U.S.) 4/2
- DB Schenker to use Neste's renewable diesel to decarbonize logistics in Asia 4/2
- U.S. EPA's upcoming proposal on biofuel blending mandates to cover two years 4/2
- ExxonMobil to invest more than $100 MM in Baton Rouge upgrade to produce high-purity isopropyl alcohol 4/2
- Stockholm Exergi to begin building one of the world's largest carbon capture projects using CATACARB Enhanced HPC 4/2
- Quaker Houghton completes its acquisition of Dipsol Chemicals and announces its acquisition of Natech 4/2
