Economics
Update: U.S. crude oil inventories rise as refining activity dips
U.S. crude oil inventories rose last week as refinery utilization rates fell amid weakening fuel demand.
Digital Feature: E-methanol: Benefits, process, challenges and a novel technology to produce fuel
Hydrocarbon Processing sat down with Andrew Symes, Founder and Chief Executive Officer, OXCCU, to discuss the production, benefits and challenges of e-methanol, as well as a novel, one-set process to produce it.
Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 B
Abu Dhabi's ADNOC has struck a deal to buy German chemicals maker Covestro for €14.7 B ($16.3 B), including debt, in the energy giant's biggest ever acquisition.
U.S. renewable diesel production capacity posts largest monthly decline on record
U.S. renewable diesel production capacity declined in July by the most since the industry began its rapid expansion three years ago.
OCI Global completes $2.35-B sale of clean ammonia to Woodside
OCI Global announced the completion of the sale of 100% of its equity interests in its 1.1 MMtpy Clean Ammonia project under construction in Beaumont, Texas to Woodside Energy Group Ltd for $2.35 B.
Big U.S. oil companies reveal massive payments to foreign governments
The three largest U.S. energy exploration companies paid more than $42 B to foreign governments last year, about eight times more than what they paid in the U.S.
Exxon director joins Elliott group seeking to acquire Citgo Petroleum
ExxonMobil board director Gregory Goff recently joined a newly formed Elliott Investment Management-backed company seeking to acquire control of Venezuela-owned oil refiner Citgo Petroleum.
Funds approach Eni for second biofuel stake sale as it readies deal with KKR
Suitors have approached Eni over the potential sale of a second stake in its biofuel unit Enilive as the Italian group discusses the final details of a deal to sell a stake in the unit to KKR.
Refinery/petrochemical makeup water treatment: A general guide for technical personnel—Part 2
A very important—and sometimes overlooked—unit operation within processing facilities is makeup water treatment for steam generators and other processes. Many cases have been documented in which makeup system upsets have led to boiler tube failures that partially or completely shut down unit processes. This article serves as a guide for those employees who may be on a steep learning curve when it comes to makeup system understanding.
Russian ESPO Blend oil jumps to premium on higher demand from Chinese refiners
Russia's Far East ESPO Blend oil grade has firmed to premium against the Brent benchmark on delivery basis for the first time since November 2023 on higher demand from Chinese refiners cooling India's buying.
- Portugal's Galp plans to start producing biofuels in 2026 12/20
- Prax and Shell call off deal on stake in PCK Schwedt oil refinery 12/20
- Nigeria's Dangote Refinery hits 85% refining capacity 12/20
- India's BPCL buys first Argentinian crude oil cargo for Feb. delivery 12/20
- Sinopec's Zhenhai oil refinery expands capacity to 40 MMtpy 12/20
- Oil via Russia's Druzhba pipeline halted by technical problems 12/20
