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Economics

Evonik further expands production capacity for gas separation membranes

Evonik will further expand capacity for production of its SEPURAN hollow fiber membranes in Schörfling and Lenzing, Austria.

Technip Energies awarded an advanced biofuels unit and a green hydrogen unit at Galp Sines Refinery

Technip Energies has been awarded Engineering, Procurement Services and Construction Management contracts by Galp for an advanced biofuels unit and a green hydrogen unit for its Sines refinery in Portugal.

Russia may ease ban on diesel exports soon

The Russian government is ready to ease a ban on diesel exports in coming days.

U.S. energy company HIF Global, Japan's Eneos to explore cooperation in e-fuels

Houston-based e-fuel producer HIF Global and Japanese oil refiner Eneos Holdings will explore cooperating on e-fuels production and distribution, the companies said, in HIF's second such deal in the Japanese market.

Kuwait's Kipic says third refinery at Al Zour oil compound to start operation before end of October

Operations of the third refinery at Al-Zour petroleum complex will begin within a few weeks, "specifically before the end of October."

India buys less Russian oil while Turkey increases its purchases

India's share of Russian Urals oil shipments in September declined from August amid refinery maintenance, while Turkey increased purchases due to a shortage of sour barrels in the Mediterranean.

Belize to launch project to make biofuel from seaweed clogging Caribbean coasts

Belize is developing a pilot project to convert the masses of foul-smelling sargassum seaweed swamping its pristine beaches into biofuel.

Egypt, Maersk's C2X sign agreement worth up to $3 B for production of green fuel

Egypt and Maersk's C2X signed a new framework agreement worth up to $3 B for the production of green fuel and its derivatives in the Suez Canal economic zone.

Saudi Arabia, Russia to continue voluntary oil cuts

Saudi Arabia and Russia said they were continuing voluntary oil cuts to year end as tightening supply and rising demand support oil prices.

Lummus' Green Circle announces agreement for advanced plastic recycling technology with Dongyang Environment Group

Lummus Technology, a global provider of process technologies and value-driven energy solutions, has announced an agreement with Dongyang Environment Group to deploy Lummus' advanced plastics recycling technology in South Korea.