Economics
Neste has been granted energy investment aid for its green hydrogen project at the Porvoo refinery
The Ministry of Economic Affairs and Employment in Finland granted Neste an energy investment aid of EUR 1.96 MM for heat recovery from the green hydrogen production being planned for the Porvoo refinery.
OPEC head accuses IEA of vilifying fossil fuel industry
OPEC Secretary General Haitham Al Ghais accused the International Energy Agency of vilifying the oil and gas industry, in the latest clash between the groups over climate policy.
DORIS, Axens, AWT International, SeaQuester and Surbana Jurong announce the CCS Hub Alliance decarbonization solution for hard-to-abate CO2 emitters
DORIS, Axens, AWT International, Sea-Quester Offshore and Surbana Jurong Infrastructure announce the formation of the CCS Hub Alliance, a partnership dedicated to delivering cost-effective and risk-reduced decarbonization solutions to hard-to-abate CO2 emitters.
ABB upgrades Repsol butane plants without any downtime in operations
Repsol Butano entered into an agreement with ABB to upgrade its Distributed Control Systems at 12 of the energy company’s butane factories across Spain.
The Royal Australian Air Force’s aerobatic display team Roulettes flies on SAF for the first time supported by Neste, Viva Energy and Vitol
During the Williamtown Air Show in Australia, the Roulettes, the Royal Australian Air Force's aerobatic display team, performed a first public display using Neste MY Sustainable Aviation Fuel.
BASF shares rise on report ADNOC exploring Wintershall Dea deal
Shares in chemicals giant BASF rose after a report that ADNOC is exploring an acquisition of the German group's energy business Wintershall Dea.
UN-led talks weigh goal to reduce aviation emissions
A UN-led conference in Dubai is weighing goals to reduce carbon emissions from international aviation through less polluting fuel, as a rebound in traffic thrusts airlines back into the conversation over carbon emissions.
China oil demand growth poised to slow to around 4% in H1 2024
China's oil demand growth likely to ease in H1 2024 to around 4% with resurgent consumption from the aviation and petrochemical sectors offset by weaker diesel usage.
Singapore's middle distillates dip slightly amid surging exports
Singapore's middle distillates inventories fell marginally week-on-week as net exports of both gasoil and jet fuel/kerosene grew.
Scotland's Grangemouth refinery faces closure
PetroIneos is preparing to shut down its Grangemouth oil refinery in Scotland to convert it into a fuels import terminal as it faces growing international competition.
- Ebara Elliott Energy awarded landmark order from Kawasaki Heavy Industries to advance global liquefied hydrogen supply chain 4/24
- ABB introduces Unification X to enable seamless control room integration 4/23
- PETRONAS Lubricants International launches flagship PETRONAS Pro Series lubricants to elevate global industrial performance 4/23
- Sir Jim Ratcliffe: “Will INEOS’ Project ONE be Europe’s last investment in the Petrochemicals industry?” 4/23
- Czechs discussing possible fuel supplies from Slovakia 4/23
- LOTTE Fine Chemical completes world’s first commercial-scale green ammonia import 4/23
