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Economics

ERIKS North America honors founding legacy with rebrand to LGG Industrial

ERIKS North America, a provider of fluid handling, sealing, and material conveyance solutions, is rebranding to LGG Industrial.

Iran's oil minister traveling to Venezuela for talks on refining, petrochemicals

The ministers plans to discuss joint refining, engineering and petrochemical projects, including the overhaul of Venezuela's refineries

Colonial Oil Industries and TICO lead sustainable energy transition in the Southeast U.S. with launch of renewable diesel

Colonial Oil Industries, Inc. announced a partnership with Neste, TICO, and Gateway Terminals in the offering of renewable diesel to customers and businesses in the region, marking a significant stride towards a more sustainable future in the Southeast.

MHI Compressor International Corporation selected to supply critical turbomachinery for Dow’s net-zero ethylene cracker complex in Canada

Mitsubishi Heavy Industries Compressor International Corporation will supply critical turbomachinery packages to Dow for their Fort Saskatchewan Path2Zero Project – the world’s first net-zero scope 1 and 2 CO2 emissions ethylene cracker.

NextChem awarded licensing and equipment supply based on its proprietary technology for an ultra-low energy urea melt plant by Jiangsu Huachang Chemical Co.in China

Maire announces that NextChem, through its nitrogen technology licensor Stamicarbon, has been awarded licensing and equipment supply contracts for a urea melt plant in China by Jiangsu Huachang Chemical Co.

Fuel tanker Luggati loads at Novatek's Ust-Luga terminal

The tanker Luggati is being loaded at Novatek's NVTK.MM terminal at the Baltic Sea port of Ust-Luga, where the company's fuel-producing complex was damaged by fire in January.

Maintenance shutdown planned for Czech Litvinov oil refinery in April-May

Czech oil refiner Unipetrol will perform maintenance on its 109,000 bpd Litvinov oil refinery from April 4 to May 15.

Chevron Lummus Global and Hongrun Petrochemical commission all-hydroprocessing white oil unit

Chevron Lummus Global LLC announced the successful commissioning of the world's largest white oil hydroprocessing unit for Hongrun Petrochemical Co., Ltd. in Weifang, Shandong Province, China.

Norway to add more Arctic acreage for oil and gas drilling

Norway plans to add another 37 blocks to its annual so-called pre-defined areas oil and gas licensing round in the Norwegian Sea and the Barents Sea.

Traders divert Russian oil products around Africa to avoid Red Sea

Traders were diverting cargoes with Russian oil products around Africa to avoid the Red Sea due to a heightened risk of attacks by Yemen’s Iran-aligned Houthi group.