Economics
A Case for Criteria that Simplify Process Vessel Lining Selection
Process vessels, also known as pressure vessels, deliver a critical function within oil and gas upstream operations. Subjected to elevated temperatures and pressures, these vessels are used to process hydrocarbon mixtures to remove corrosive materials from oil before transport. Linings are frequently used to mitigate corrosion inside process vessels and extend their service lives and maintenance cycles.
Saudi Arabia and Turkey sign petroleum and petchem cooperation MoU
Saudi Arabia and Turkey have signed a memorandum of understanding to cooperate in the production, marketing and distribution of refined petroleum products and in petrochemicals production.
Russian sea-borne diesel exports show monthly growth of 11%
Russia's sea-borne diesel and gasoil exports rose by 11% to about 1.9 million tons in the first 17 days of July from the same period in June, as production grew after seasonal refinery maintenance, data from traders and Refinitiv Eikon showed.
China's June diesel exports fall to lowest level in over a year
China's diesel exports fell to the lowest level in more than a year in June as refiners curbed production in favor of more lucrative gasoline and aviation fuels.
Portugal's environment agency greenlights Galp biodiesel, biojet plant
Portugal's environment regulator said it had approved a project by Portuguese oil company Galp to launch an industrial-scale plant to produce biodiesel and biojet fuel using cooking oils at its Sines refinery.
Small U.S. refiners plan to challenge biofuel blending waiver denials
A group of refiners plan to file a lawsuit challenging the Biden administration's rejection of waivers to exempt oil refiners from biofuel blending mandates which has left some on the hook for hundreds of millions of dollars.
India's gasoline demand likely to recover from late August
India's gasoline demand will likely recover from late August, while diesel consumption is expected to stay weak, an official at refiner Hindustan Petroleum Corp Ltd said.
Riyadh, Tokyo to cooperate on energy security, recycled carbon fuels and ammonia
Saudi Arabia said it remains committed to securing oil supplies for Japan and will continue cooperating with Tokyo on clean hydrogen, ammonia and recycled carbon fuels.
ADNOC statement on potential Borouge-Borealis merger
Abu Dhabi National Oil Company P.J.S.C. is excited to confirm that, following initial exploratory discussions, it has entered into formal negotiations with OMV AG, about the potential creation of a new combined petrochemicals holding entity, through the proposed merger of their respective existing shareholdings in Borouge plc and Borealis AG.
Turkey increases fuel tax as it bolsters stretched budget
Turkey raised tax on petrol to help to fund a $42.2-B increase to its 2023 budget after February's earthquakes and the May presidential election sent spending soaring.
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- Oil, gas and refined product imports exempted from Trump’s sweeping tariffs 4/3
- Reliance: India's gasoline demand to peak by 2035, diesel by 2041 4/3
- Mabanaft, HIF Global sign agreement to accelerate e-methanol adoption in the shipping industry 4/3
- Burckhardt Compression awarded digital monitoring services contract for a chemical plant in Saudi Arabia 4/3
- Lummus completes successful startup of electric heater demonstration unit 4/3
