Americas
McDermott selected for petrochemical expansion project by IOCL
McDermott has been awarded a project management consultancy and engineering, procurement, and construction management contract for the Naphtha Cracker Expansion polypropylene expansion and new ethylene derivative unit project from Indian Oil Corporation Limited.
AFPM statement and letter in support of House bills to stop government vehicle bans, attempts to electrify the RFS
American Fuel & Petrochemical Manufacturers President & CEO Chet Thompson this morning issued a statement along with a letter urging support for three bills being marked up today by the House Energy & Commerce Committee.
TC Energy shares rise on spinoff plans
Shares of TC Energy rose nearly 3% in premarket trading after the Keystone pipeline operator disclosed plans to spin off its oil pipelines business to focus solely on transporting natural gas.
Venezuela cuts back diesel prices to factories after complaints
Venezuela's government reduced an increase it had imposed at the beginning of the month on diesel prices to factories, after complaints from producers about the potential impact of the measure.
Colombia police seize $329 MM in property, bank accounts tied to stolen oil
Colombian police have seized property and bank accounts worth $329 MM, proceeds from the sale and export of stolen crude oil, officials said.
Obscure traders ship half Russia's oil exports to India, China after sanctions
A Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.
Calumet takes top reign as NA's largest SAF producer
Topsoe delivers its HydroFlex technology. Calumet serves markets in Canada and the US West Coast with low emission fuels.
U.S. crude, fuel stockpiles fell last week
Crude inventories fell by 600,000 barrels in the last week to 456.8 million barrels, compared with analysts' expectations for a 2.3 million-barrel drop.
Air bp SAF test complete and flight date set for November 2023
Virgin Atlantic and Rolls-Royce confirmed a successful sustainable aviation fuel blend ground test on the Rolls-Royce Trent 1000 engine, marking a key milestone in the project, with plans for the world's first 100% SAF flight from London Heathrow to New York JFK on a Boeing 787 scheduled for takeoff on 28 November 2023.
Refinery capacity increased slightly for the first time since the COVID-19 pandemic
U.S. refining capacity increased slightly for the first time since the COVID-19 pandemic, as of January 1, 2023, reversing two years of decline, according to our annual Refinery Capacity Report.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
