By 2050, the bank said so-called financed emissions tied to the oil and gas sector, including Scope 3 emissions from the use of gasoline and other refined products by end-users, would be reduced by 90%.
State oil firm Abu Dhabi National Oil Company (ADNOC) has invited banks to pitch for roles in an initial public offering of its marine services and logistics unit.
ExxonMobil Corp agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc for $310 MM.
Vietnam's Binh Son refinery has ramped up its production to meet domestic fuel demand and was operating at 109% of its designed capacity, the government said on Thursday.
Chinese private mega-refiner Zhejiang Petrochemical Corp (ZPC) has been awarded a 10 MMt additional crude oil import quota for 2022.
Workers voted to end a strike at TotalEnergies' Donges refinery on Wednesday, bolstering the government's hopes the supply situation at petrol stations around the country will rapidly improve.
Rosneft will parnter with Indonesia to contribute $24 B on a greenfield refinery in East Java province, according to Global Construction Review.
ExxonMobil's 140,000 bpd fos-Sur-Mer and 240,000 bpd Port Jerome-Gravenchon oil refineries in France could take 2-3 weeks to fully restart after shutdowns caused by strikes.
ExxonMobil Corp said in its reply to a U.S. National Labor Relations Board (NLRB) complaint that the lockout of over 600 workers at its Beaumont, Texas, refinery was lawful, according to a filing with the board.
Guyana has called for proposals to design, finance and build a 30,000-barrel-per-day (bpd) oil refinery, the first for the South American country as it becomes a force in crude oil production.