Economics
MOL sources alternative oil supplies as Druzhba pipeline outage drags
Hungary's MOL group has ordered tankers delivering Saudi, Norwegian, Kazakh, Libyan and Russian oil to supply its Hungarian and Slovak refineries and halted diesel supplies to Ukraine as it scrambles to overcome an outage of the Druzhba pipeline.
Japan's oil and gas independence climbs to highest since 2009
The rise to the highest since 2009 is attributed to progress in energy development projects involving Japanese firms and a decline in oil and gas imports.
Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure
The refinery - located in Priolo, Sicily - entered the procedure early last year to negotiate with creditors, after its ownership shifted from Russian oil group Lukoil to Cypriot private equity fund G.O.I. Energy.
Suffocating Western pressure may finally force Russian oil output cuts
Moscow has successfully redirected most of its seaborne crude to China, India and Turkey, often relying on a “shadow fleet” of aging, uninsured tankers to circumvent restrictions while offering steep discounts.
TotalEnergies booked loss in France due to refining activities, CEO says
French oil major TotalEnergies did not pay corporate tax in France last year because its operations in the country led to a loss of between €200 MM ($237.22 MM) and €300 MM.
Slovakia says Druzhba oil supplies interrupted, expected to resume in coming days
The economy ministry said the interruption did not affect Slovakia's energy security and gave no further details on the length of the expected suspension of flows.
Russia to send crude oil and fuel to Cuba soon, Izvestia reports
Cuba is grappling with fuel shortages after the U.S. moved to choke off its oil supplies. The communist-run island has warned international airlines that jet fuel will no longer be available, the latest sign of fast-worsening conditions.
- INEOS Inovyn agrees to sell its Italian chlor-alkali business to Esseco Industrial 4/21
- LOTTE Chemical to merge into integrated corporation after spinning off Daesan plant 4/21
- Petronor and H2SITE partner to pioneer high-purity hydrogen production in refining through advanced membrane technology 4/21
- Emerson accelerates edge ecosystem for real-time enterprise operations intelligence 4/21
- Tracerco launches DrumVision™ to deliver real-time process visibility in delayed coking and demanding interface measurement applications 4/21
- IMI signs global framework extension with Solvay for the provision of IIoT sensors 4/21
